Sue McDonagh Gallery Limited

Sue McDonagh Gallery Limited

SUE MCDONAGH GALLERY LIMITED - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.10.3 5102753business:PrivateLimitedCompanyLtd2022-04-012023-03-31 51027532022-03-31 51027532022-04-012023-03-31 5102753business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 5102753business:FilletedAccounts2022-04-012023-03-31 51027532023-03-31 5102753business:Director12022-04-012023-03-31 5102753business:RegisteredOffice2022-04-012023-03-31 51027532022-03-31 5102753core:WithinOneYear2023-03-31 5102753core:WithinOneYear2022-03-31 5102753core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 5102753core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 5102753core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 5102753core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 5102753core:PreviouslyStatedAmount2023-03-31 5102753core:PreviouslyStatedAmount2022-03-31 5102753business:SmallEntities2022-04-012023-03-31 5102753countries:EnglandWales2022-04-012023-03-31 5102753core:PlantMachinery2022-04-012023-03-31 5102753core:PlantMachinery2022-03-31 5102753core:MotorVehicles2022-03-31 5102753core:FurnitureFittings2022-03-31 5102753core:MotorVehicles2022-04-012023-03-31 5102753core:FurnitureFittings2022-04-012023-03-31 5102753core:PlantMachinery2023-03-31 5102753core:MotorVehicles2023-03-31 5102753core:FurnitureFittings2023-03-31 51027532021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 5102753 (England and Wales)
Sue McDonagh Gallery Limited Unaudited accounts for the year ended 31 March 2023
Sue McDonagh Gallery Limited Unaudited accounts Contents
Page
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Sue McDonagh Gallery Limited Company Information for the year ended 31 March 2023
Director
Susan McDonagh
Company Number
5102753 (England and Wales)
Registered Office
85-87 Eastgate Cowbridge CF71 7AA United Kingdom
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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Sue McDonagh Gallery Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,799 
1,247 
Current assets
Cash at bank and in hand
12,183 
14,939 
Creditors: amounts falling due within one year
5
(1,857)
(1,958)
Net current assets
10,326 
12,981 
Net assets
13,125 
14,228 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,124 
14,227 
Shareholders' funds
13,125 
14,228 
For the year ending 31 March 2023 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 her 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 20 December 2023 and were signed on its behalf by
Susan McDonagh Director Company Registration No. 5102753
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Sue McDonagh Gallery Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sue McDonagh Gallery Limited is a private company, limited by shares, registered in England and Wales, registration number 5102753. The registered office is 85-87 Eastgate, Cowbridge, CF71 7AA, United Kingdom.
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:
Plant & machinery
4 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
9,421 
35,800 
2,614 
47,835 
Additions
2,629 
- 
- 
2,629 
At 31 March 2023
12,050 
35,800 
2,614 
50,464 
Depreciation
At 1 April 2022
8,174 
35,800 
2,614 
46,588 
Charge for the year
1,077 
- 
- 
1,077 
At 31 March 2023
9,251 
35,800 
2,614 
47,665 
Net book value
At 31 March 2023
2,799 
- 
- 
2,799 
At 31 March 2022
1,247 
- 
- 
1,247 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
979 
Loans from directors
1,857 
979 
1,857 
1,958 
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Sue McDonagh Gallery Limited Notes to the Accounts for the year ended 31 March 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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