| GALAXY COMPUTERS & MOBILES LIMITED |
| Registered number: |
08355662 |
| Abbreviated Balance Sheet |
| as at 31 January 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
3,779 |
|
|
3,680 |
| Debtors |
|
|
7,338 |
|
|
2,489 |
| Cash at bank and in hand |
|
|
950 |
|
|
14,835 |
|
|
|
12,067 |
|
|
21,004 |
|
| Creditors: amounts falling due within one year |
|
|
(14,406) |
|
|
(20,908) |
|
| Net current (liabilities)/assets |
|
|
|
(2,339) |
|
|
96 |
|
| Total assets less current liabilities |
|
|
|
(2,339) |
|
|
96 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(7,295) |
|
|
(10,376) |
|
|
|
| Net liabilities |
|
|
|
(9,634) |
|
|
(10,280) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(9,636) |
|
|
(10,282) |
|
| Shareholder's funds |
|
|
|
(9,634) |
|
|
(10,280) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| Mr. Noble Thomas |
| Director |
| Approved by the board on 31 October 2016 |
|
| GALAXY COMPUTERS & MOBILES LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2016 |
|
| 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 |
|
0 |
|
|
0 |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
14,075 |
|
14,075 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£2 each |
|
1 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr. Noble Thomas |
|
Interest free loan |
2,489 |
|
4,849 |
|
- |
|
7,338 |
|
|
|
2,489 |
|
4,849 |
|
- |
|
7,338 |
|
|
|
|
|
|
|
|
|
