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Company Registration No. 14254392 (England and Wales)
GALBRAITH GALLERIES LTD Unaudited accounts for the year ended 31 July 2026
GALBRAITH GALLERIES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GALBRAITH GALLERIES LTD Company Information for the year ended 31 July 2026
Director
Mr Robert Galbraith
Company Number
14254392 (England and Wales)
Registered Office
128 DIMOND ROAD SOUTHAMPTON SO18 1JX ENGLAND
Accountants
Zoey Mills 5 Wycliffe Road Southampton Hampshire SO18 2BY
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GALBRAITH GALLERIES LTD Statement of financial position as at 31 July 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
823
2,990
Current assets
Inventories
100
1,000
Debtors
5
-
4,500
Cash at bank and in hand
997
1,533
1,097
7,033
Creditors: amounts falling due within one year
6
(14,632)
(23,298)
Net current liabilities
(13,535)
(16,265)
Net liabilities
(12,712)
(13,275)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(12,713)
(13,276)
Shareholders' funds
(12,712)
(13,275)
For the year ending 31 July 2026 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 6 August 2026 and were signed on its behalf by
Mr Robert Galbraith Director Company Registration No. 14254392
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GALBRAITH GALLERIES LTD Notes to the Accounts for the year ended 31 July 2026
1
Statutory information
GALBRAITH GALLERIES LTD is a private company, limited by shares, registered in England and Wales, registration number 14254392. The registered office is 128 DIMOND ROAD, SOUTHAMPTON, SO18 1JX, 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 remained unchanged from the previous year, and also 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.
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:
Fixtures & fittings
Straight Line Actual days 18%
Computer equipment
Straight Line Actual days 18%
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2025
5,788
135
5,923
Disposals
(3,296)
(135)
(3,431)
At 31 July 2026
2,492
-
2,492
Depreciation
At 1 August 2025
2,878
55
2,933
Charge for the year
468
-
468
On disposals
(1,677)
(55)
(1,732)
At 31 July 2026
1,669
-
1,669
Net book value
At 31 July 2026
823
-
823
At 31 July 2025
2,910
80
2,990
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Accrued income and prepayments
-
4,500
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GALBRAITH GALLERIES LTD Notes to the Accounts for the year ended 31 July 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
349
11,350
Loans from directors
13,963
11,628
Accruals
320
320
14,632
23,298
7
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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