CFA GALLERIES LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08533980

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		5,194		5,884

			5,194		5,884
CURRENT ASSETS
Debtors	4	475		702
Cash at bank and in hand		54,153		32,060

		54,628		32,762
Creditors: Amounts Falling Due Within One Year	5	(9,452 )		(7,231 )

NET CURRENT ASSETS (LIABILITIES)			45,176		25,531

TOTAL ASSETS LESS CURRENT LIABILITIES			50,370		31,415

NET ASSETS			50,370		31,415

CAPITAL AND RESERVES
Called up share capital	6		10		10
Profit and Loss Account			50,360		31,405

SHAREHOLDERS' FUNDS			50,370		31,415

Page 1

Page 2

CFA GALLERIES LTD

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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 Profit and Loss Account.

On behalf of the board

Mr Bradley Carnes

Director

1st June 2026

The notes on pages 3 to 4 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises commission income and the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	- 20% on reducing balance
Motor Vehicles	- 25% on reducing balance

2. Average Number of Employees

Average number of employees, including directors, during the current and previous year was one. 1 (2025: 1)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 May 2025	13,010	7,787	20,797
Additions	644	-	644

As at 30 April 2026	13,654	7,787	21,441

Depreciation
As at 1 May 2025	7,711	7,202	14,913
Provided during the period	1,188	146	1,334

As at 30 April 2026	8,899	7,348	16,247

Net Book Value
As at 30 April 2026	4,755	439	5,194

As at 1 May 2025	5,299	585	5,884

4. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	475	702

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Page 4

CFA GALLERIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,500	-
Corporation tax	7,220	6,538
Other creditors	700	659
Director's loan account	32	34

	9,452	7,231

6. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
10 Ordinary Shares of £ 1.00 each	10	10

7. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2026	2025
	£	£
Mr Bradley Carnes	12,000	33,500

8. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	12,000	33,500

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr B M Carnes by virtue of his ownership of 100% of the issued share capital in the company.