Company Registration No. SC181062 (Scotland)
Galleon Developments Limited
Financial Statements
for the year ended 31 March 2021
Galleon Developments Limited
Financial Statements
Contents
Galleon Developments Limited
Company Information
for the year ended 31 March 2021
Directors
Mr Martin Campbell
Mrs Fiona Campbell
Company Number
SC181062 (Scotland)
Registered Office
110A Maxwell Avenue
Bearsden
Glasgow
G61 1HU
Galleon Developments Limited
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
31,048
37,415
Creditors: amounts falling due within one year
(9,401)
(22,159)
Net current assets
22,823
23,144
Called up share capital
2
2
Profit and loss account
23,104
23,520
Shareholders' funds
23,106
23,522
For the year ending 31 March 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 28 December 2021 and were signed on its behalf by
Mr Martin Campbell
Director
Company Registration No. SC181062
Galleon Developments Limited
Notes to the Accounts
for the year ended 31 March 2021
Galleon Developments Limited is a private company, limited by shares, registered in Scotland, registration number SC181062. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
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.
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
25% reducing balance
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2021
2020
Galleon Developments Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
458
7,743
Loans from directors
6,443
9,061
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).
