|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
FOR |
|
GALA GRAPHICS LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
FOR |
|
GALA GRAPHICS LIMITED |
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
GALA GRAPHICS LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
BALANCE SHEET |
30 NOVEMBER 2018 |
|
30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings | ( |
) |
|
SHAREHOLDERS' FUNDS | ( |
) |
|
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
BALANCE SHEET - continued |
30 NOVEMBER 2018 |
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved and authorised for issue by the Board of Directors on
|
|
|
|
|
|
|
|
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
1. | STATUTORY INFORMATION |
|
Gala Graphics Limited is a
|
company's registered number and registered office address can be found on the Company |
Information page. |
|
The financial statements are presented in sterling which is the functional currency of the company |
and rounded to the nearest pound. |
|
2. | ACCOUNTING POLICIES |
|
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
|
|
The financial statements have been prepared on a going concern basis on the grounds that the |
company's directors will give financial support the company for at least the next 12 months. |
|
SIGNIFICANT JUDGEMENTS AND ESTIMATES |
No judgements have been made in the process of applying the below accounting policies that have |
had the most significant effect on amounts recognised the financial statements. |
|
There are no key assumptions concerning the future and other key sources of estimation |
uncertainty at the reporting date that have a significant risk of causing material adjustment to the |
carrying amounts of assets and liabilities within the next financial year. |
|
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable net of VAT and |
trade discounts. |
|
Turnover from the sale of signage and advertising materials is recognised when significant risks and |
rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be |
measured reliably, it is probable that the economic benefits associated with the transaction will flow |
to the company and the costs incurred or to be incurred in respect of the transaction can be |
measured reliably. This is usually on dispatch of the goods. |
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
2. | ACCOUNTING POLICIES - continued |
|
TANGIBLE FIXED ASSETS |
|
Leasehold improvements | - |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes all |
costs directly attributable to making the asset capable of operating as intended. |
|
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving stock. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport and |
handling costs in bringing the stocks to their present location and condition. |
|
TAXATION |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income |
or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
2. | ACCOUNTING POLICIES - continued |
|
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
remain with the lessor are charged against profits on a straight line basis over the period of the |
lease. |
|
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
|
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Leasehold | Plant and | Motor | Computer |
improvements | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 December 2017 |
|
|
|
|
|
Additions |
|
|
|
|
|
At 30 November 2018 |
|
|
|
|
|
DEPRECIATION |
At 1 December 2017 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 30 November 2018 |
|
|
|
|
|
NET BOOK VALUE |
At 30 November 2018 |
|
|
|
|
|
At 30 November 2017 |
|
|
|
|
|
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
4. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 December 2017 |
and 30 November 2018 |
|
|
|
DEPRECIATION |
At 1 December 2017 |
|
|
|
Charge for year |
|
|
|
At 30 November 2018 |
|
|
|
NET BOOK VALUE |
At 30 November 2018 |
|
|
|
At 30 November 2017 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Social security and other taxes |
|
|
VAT | 7,983 | 4,787 |
Other creditors |
|
|
Directors' current accounts | 4,530 | 4,530 |
Accrued expenses |
|
|
|
|
GALA GRAPHICS LIMITED (REGISTERED NUMBER: 08095006) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Hire purchase contracts |
|
|
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
30.11.18 | 30.11.17 |
£ | £ |
Hire purchase contracts | 44,170 | 59,307 |
|
The debt is secured on the assets to which it relates. |
|
9. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.18 | 30.11.17 |
value: | £ | £ |
|
A Ordinary | £1 | 100 | 100 |
|
B Ordinary | £1 | 1 | 1 |
|
C Ordinary | £1 | 1 | 1 |
102 | 102 |
|
10. | ULTIMATE PARENT COMPANY |
|
Gala Tent Limited, a company incorporated in England and Wales, is the company's controlling |
related party by virtue of its shareholding in the company. |
|
Mace Group (UK) Limited is the ultimate parent company, which is incorporated in England and |
Wales. |
|
Mr J Mace and Mr M Thompson are the directors and shareholders of Mace Group (UK) Limited. |