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
Galaxy Brain Ltd
Company Information
for the period from 28 November 2024 to 30 November 2025
Company Number
16107978 (England and Wales)
Registered Office
Cca, Sussex Innovation Centre
Science Park Square
Brighton
BN1 9SB
England
Accountants
Collective Concepts Accounting Ltd
Galaxy Brain Ltd
Statement of financial position
as at 30 November 2025
Cash at bank and in hand
9,525
Creditors: amounts falling due within one year
(65,316)
Net current liabilities
(55,791)
Called up share capital
10
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
Galaxy Brain Ltd
Notes to the Accounts
for the period from 28 November 2024 to 30 November 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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.
Galaxy Brain Ltd
Notes to the Accounts
for the period from 28 November 2024 to 30 November 2025
4
Intangible fixed assets
Other
At 30 November 2025
104,923
Charge for the period
9,921
At 30 November 2025
95,002
5
Tangible fixed assets
Computer equipment
6
Creditors: amounts falling due within one year
2025
Taxes and social security
24,939
Loans from directors
40,377
7
Average number of employees
During the period the average number of employees was 1.