GALACTIC HOLDINGS LTD

GALACTIC HOLDINGS LTD

Income Statement

For the year ended 31 May 2025

	2025 £	2024 £
Turnover	-	432
Other income	2,577,083	7,879
Cost of raw materials and consumables	(4,500)	-
Other charges	(1,424,301)	(249,872)
Profit/(Loss) for the year	1,148,282	(241,561)

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GALACTIC HOLDINGS LTD

Statement of Financial Position

As at 31 May 2025

	£	2025 £	£	2024 £
Current assets	477,816		1,877,511
Creditors: amount falling due within one year	(2,870)		(2,550,847)
Net current assets/(liabilities)		474,946		(673,336)
Total assets less current liabilities		474,946		(673,336)
Net assets/(liabilities)		474,946		(673,336)


Capital and reserves		474,946		(673,336)

For the year ended 31 May 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

---------------------------------------------

Michael Edward Goodden
Director

Date approved: 29 May 2026

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GALACTIC HOLDINGS LTD

Notes to the Accounts

For the year ended 31 May 2025

Statutory Information

Galactic Holdings Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 12605607, registration address Aldridge Mill, Oakford, Tiverton, EX16 9EX, England.

The presentation currency is £ sterling.

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Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.	Average number of employees Average number of employees during the year was 0 (2024: 0).

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GALACTIC HOLDINGS LTD

Detailed Income Statement

For the year ended 31 May 2025

	£	2025 £	£	2024 £
Turnover
Other Income		-		432
		-		432
Cost of sales
Purchases	4,500		-
		(4,500)		-
Gross profit/(loss)		(4,500)		432
Administrative expenses
Accountancy fee	479		420
Bank charges	114		35
Bad debt expense - Bimble Solar Ltd	1,423,708		-
Commissions paid	-		201
		(1,424,301)		(656)
Other operating income
Other income - Loan write off	2,024,216		-
Other income - Interest write off	430,940		-
Other income - Other loan write off	118,611		-
Deposit account interest	3,316		-
Profit on sale of current assest investment	-		7,879
		2,577,083		7,879
Operating Profit/(Loss)		1,148,282		7,655
Interest payable and similar charges
Interest on loan	-		249,216
		-		(249,216)


Profit/(Loss) on ordinary activities before taxation			1,148,282			(241,561)
Profit/(Loss) for the year			1,148,282			(241,561)

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