GALAXY LEGAL SERVICES LTD - Abbreviated accounts

GALAXY LEGAL SERVICES LTD - Abbreviated accounts


Registered number
07507813
GALAXY LEGAL SERVICES LTD
Abbreviated Accounts
31 January 2015
GALAXY LEGAL SERVICES LTD
Registered number: 07507813
Abbreviated Balance Sheet
as at 31 January 2015
Notes 2015 2014
£ £
Current assets
Cash at bank and in hand 686 157
Creditors: amounts falling due within one year (2,901) (300)
Net current liabilities (2,215) (143)
Net liabilities (2,215) (143)
Capital and reserves
Called up share capital 2 9 9
Profit and loss account (2,224) (152)
Shareholder's funds (2,215) (143)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Bhuiyan M Aupoo
Director
Approved by the board on 20 October 2015
GALAXY LEGAL SERVICES LTD
Notes to the Abbreviated Accounts
for the year ended 31 January 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 9 9
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