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Company Registration No. 16107978 (England and Wales)
Galaxy Brain Ltd Unaudited accounts for the period from 28 November 2024 to 30 November 2025
Galaxy Brain Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Galaxy Brain Ltd Company Information for the period from 28 November 2024 to 30 November 2025
Director
Mr Mark Gifford
Company Number
16107978 (England and Wales)
Registered Office
Cca, Sussex Innovation Centre Science Park Square Brighton BN1 9SB England
Accountants
Collective Concepts Accounting Ltd
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Galaxy Brain Ltd Statement of financial position as at 30 November 2025
2025
Notes
£
Fixed assets
Intangible assets
4
95,002
Tangible assets
5
1,017
96,019
Current assets
Cash at bank and in hand
9,525
Creditors: amounts falling due within one year
6
(65,316)
Net current liabilities
(55,791)
Net assets
40,228
Capital and reserves
Called up share capital
10
Fair value reserve
5,709
Profit and loss account
34,509
Shareholders' funds
40,228
For the period ending 30 November 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 16 July 2026 and were signed on its behalf by
Mr Mark Gifford Director Company Registration No. 16107978
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Galaxy Brain Ltd Notes to the Accounts for the period from 28 November 2024 to 30 November 2025
1
Statutory information
Galaxy Brain Ltd is a private company, limited by shares, registered in England and Wales, registration number 16107978. The registered office is Cca, Sussex Innovation Centre, Science Park Square, Brighton, BN1 9SB, England.
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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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:
Computer equipment
33.33% SL basis
Intangible fixed assets
Digital assets. The Company holds digital assets. Digital assets are initially recognised at cost. The fair value of digital assets is determined on a daily basis using the relevant quoted market price and is based on the quantity of digital assets held at the reporting date. Subsequent measurement is carried out using the revaluation model, with digital assets revalued to their fair value at each reporting date. Any revaluation gains or losses are recognised in accordance with the Company's accounting policy. Digital assets are amortised on a straight-line basis over a period of 10 years, reflecting their estimated useful economic life. Amortisation is recognised in the profit and loss account over the asset's useful life.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Galaxy Brain Ltd Notes to the Accounts for the period from 28 November 2024 to 30 November 2025
4
Intangible fixed assets
Other
£
Cost
At 28 November 2024
-
Additions
319,700
Disposals
(220,486)
Revaluations
5,709
At 30 November 2025
104,923
Amortisation
At 28 November 2024
-
Charge for the period
9,921
At 30 November 2025
9,921
Net book value
At 30 November 2025
95,002
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 28 November 2024
-
Additions
1,526
At 30 November 2025
1,526
Depreciation
Charge for the period
509
At 30 November 2025
509
Net book value
At 30 November 2025
1,017
6
Creditors: amounts falling due within one year
2025
£
Taxes and social security
24,939
Loans from directors
40,377
65,316
7
Average number of employees
During the period the average number of employees was 1.
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