Company Registration No. 11078599 (England and Wales)
GALAXY TRADE LTD
Unaudited accounts
for the year ended 30 November 2018
GALAXY TRADE LTD
Unaudited accounts
Contents
GALAXY TRADE LTD
Company Information
for the year ended 30 November 2018
Company Number
11078599 (England and Wales)
Accountants
West Yorkshire Accountancy Services
4 Railway Street
Huddersfield
West Yorkshire
HD1 1JP
GALAXY TRADE LTD
Statement of financial position
as at
30 November 2018
Cash at bank and in hand
15,091
Creditors: amounts falling due within one year
(12,957)
Called up share capital
100
Profit and loss account
6,071
Shareholders' funds
6,171
For the year ending 30 November 2018 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 his 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.
Approved by the Board on 23 August 2019.
John Chukwu
Director
Company Registration No. 11078599
GALAXY TRADE LTD
Notes to the Accounts
for the year ended 30 November 2018
GALAXY TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 11078599.
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 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:
Fixtures & fittings
15% Reducing balance basis
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 30 November 2018
4,750
At 30 November 2018
4,037
5
Creditors: amounts falling due within one year
2018
Taxes and social security
946
Loans from directors
12,011
GALAXY TRADE LTD
Notes to the Accounts
for the year ended 30 November 2018
6
Average number of employees
During the year the average number of employees was 1.