Company Registration No. 8535289 (England and Wales)
Galaxy Extend LIMITED
Unaudited accounts
for the year ended 31 March 2020
Galaxy Extend LIMITED
Unaudited accounts
Contents
Galaxy Extend LIMITED
Company Information
for the year ended 31 March 2020
Company Number
8535289 (England and Wales)
Registered Office
17 A ERROL GARDENS
NEW MALDEN
SURREY
KT3 6QF
Accountants
AM Accountax Ltd
63 Jeddo Road
Unit 14
London
W12 9EE
Galaxy Extend LIMITED
Statement of financial position
as at 31 March 2020
Tangible assets
11,694
6,117
Cash at bank and in hand
2,745
26,364
Creditors: amounts falling due within one year
(14,276)
(34,391)
Net current liabilities
(11,531)
(1,999)
Called up share capital
100
100
Profit and loss account
63
4,018
Shareholders' funds
163
4,118
For the year ending 31 March 2020 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 27 November 2020 and were signed on its behalf by
Waldemar Mytnik
Director
Company Registration No. 8535289
Galaxy Extend LIMITED
Notes to the Accounts
for the year ended 31 March 2020
Galaxy Extend LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8535289. The registered office is 17 A ERROL GARDENS, NEW MALDEN, SURREY, KT3 6QF.
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 remained unchanged from the previous year, and also 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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
-
14,500
-
14,500
Additions
4,450
-
5,024
9,474
At 31 March 2020
4,450
14,500
5,024
23,974
At 1 April 2019
-
8,383
-
8,383
Charge for the year
1,112
1,529
1,256
3,897
At 31 March 2020
1,112
9,912
1,256
12,280
At 31 March 2020
3,338
4,588
3,768
11,694
At 31 March 2019
-
6,117
-
6,117
Galaxy Extend LIMITED
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
28,755
34,391
Loans from directors
(14,479)
-
7
Average number of employees
During the year the average number of employees was 0 (2019: 0).
