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Company Registration No. NI641790 (Northern Ireland)
GALLERY 1608 LTD Unaudited accounts for the year ended 31 October 2025
GALLERY 1608 LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GALLERY 1608 LTD Company Information for the year ended 31 October 2025
Director
Mr Ian Bickerstaff
Company Number
NI641790 (Northern Ireland)
Registered Office
66 Castle View Park Portrush Antrim BT56 8AS Northern Ireland
Accountants
Kevin & Margaret Duffin T/A KMD Accountancy Ardmalin 15 Inishowen Park Portstewart Londonderry BT55 7BQ
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GALLERY 1608 LTD Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,116 
1,394 
Current assets
Inventories
80,500 
82,100 
Cash at bank and in hand
2,545 
3,604 
83,045 
85,704 
Creditors: amounts falling due within one year
5
(154,608)
(146,428)
Net current liabilities
(71,563)
(60,724)
Total assets less current liabilities
(70,447)
(59,330)
Creditors: amounts falling due after more than one year
6
- 
(9,498)
Net liabilities
(70,447)
(68,828)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(70,547)
(68,928)
Shareholders' funds
(70,447)
(68,828)
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 April 2026 and were signed on its behalf by
Mr Ian Bickerstaff Director Company Registration No. NI641790
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GALLERY 1608 LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
GALLERY 1608 LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI641790. The registered office is 66 Castle View Park, Portrush, Antrim, BT56 8AS, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2024
4,736 
2,400 
7,136 
At 31 October 2025
4,736 
2,400 
7,136 
Depreciation
At 1 November 2024
3,744 
1,998 
5,742 
Charge for the year
198 
80 
278 
At 31 October 2025
3,942 
2,078 
6,020 
Net book value
At 31 October 2025
794 
322 
1,116 
At 31 October 2024
992 
402 
1,394 
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GALLERY 1608 LTD Notes to the Accounts for the year ended 31 October 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
9,498 
10,000 
VAT
65,000 
55,760 
Taxes and social security
19,260 
19,818 
Other creditors
60,000 
60,000 
Accruals
850 
850 
154,608 
146,428 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
9,498 
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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