1st Galaxy Group Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 03842899

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		59,006		65,365

			59,006		65,365
CURRENT ASSETS
Stocks	5	173,371		136,638
Debtors	6	30,199		43,419
Cash at bank and in hand		2,911		26,947

		206,481		207,004
Creditors: Amounts Falling Due Within One Year	7	(171,949 )		(171,939 )

NET CURRENT ASSETS (LIABILITIES)			34,532		35,065

TOTAL ASSETS LESS CURRENT LIABILITIES			93,538		100,430

Creditors: Amounts Falling Due After More Than One Year	8		(5,608 )		(17,190 )

NET ASSETS			87,930		83,240

CAPITAL AND RESERVES
Called up share capital	9		625		625
Share premium account			23,440		23,440
Income Statement			63,865		59,175

SHAREHOLDERS' FUNDS			87,930		83,240

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1st Galaxy Group Limited

Statement of Financial Position (continued)

As At 31 August 2025

For the year ending 31 August 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Lee John Smith Director	Mrs Samantha Smith Director	Mrs Millicent Godsell-Fletcher Director
26/05/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

1st Galaxy Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03842899 . The registered office is Retail Shop (Hq) 213 Valley Road, Sherwood, Nottingham, NG5 3BG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight balance method
Plant & Machinery	25% Reducing balance method
Motor Vehicles	25% Reducing balance method
Computer Equipment	20% Reducing balance method

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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1st Galaxy Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Financial Instruments

The company has elected to apply the provision of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial Instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6. Foreign Currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2.7. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.8. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2.9. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.10. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 12)

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1st Galaxy Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	49,031	31,962	24,104	100,013	205,110
Additions	-	2,888	-	-	2,888

As at 31 August 2025	49,031	34,850	24,104	100,013	207,998

Depreciation
As at 1 September 2024	15,748	20,349	6,089	97,559	139,745
Provided during the period	980	3,272	4,504	491	9,247

As at 31 August 2025	16,728	23,621	10,593	98,050	148,992

Net Book Value
As at 31 August 2025	32,303	11,229	13,511	1,963	59,006

As at 1 September 2024	33,283	11,613	18,015	2,454	65,365

5. Stocks

	2025	2024
	£	£
Finished goods	173,371	136,638

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	29,090	33,495
Other debtors	-	3,923
VAT	1,109	6,001

	30,199	43,419

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1st Galaxy Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	104,209	62,706
Bank loans and overdrafts	45,310	21,536
Corporation tax	(2,043 )	-
Other taxes and social security	8,060	4,496
Net wages	-	1,278
Other Creditor - Pension	73	144
Other Creditor- IMPORT LOAN	-	56,866
Other Creditor- Vulcan Intercompany Loan Account	-	8,810
Other Creditors-Paypal Loan -New	887	877
Other Creditor- Event Experts Balance	-	1,800
Other Creditor- Aldmore Loan.	5,014	5,014
Other Creditor- - NatWest - OneCard	1,132	105
Accruals and deferred income	4,000	4,000
Directors' loan accounts	5,307	4,307

	171,949	171,939

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	5,608	17,190

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	625	625

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