GALLUS PROMOTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
Company Registration Number SC586958 (Scotland)
PAGES FOR FILING WITH REGISTRAR
GALLUS PROMOTIONS LTD
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
£
£
£
£
Current assets
665
351
Creditors: amounts falling due within one year
(2,945)
(1,095)
Net current liabilities
(2,280)
(744)
Net liabilities
(2,280)
(744)
Capital and reserves
(2,280)
(744)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
Included within creditors due within 1 year is £2,945 (2019 - £345) due to the director. This loan has no fixed repayment date and does not bear any interest.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2020
2019
Number
Number
Employees
1
1
3
Events after the reporting date
At the date on which the financial statements were approved, the financial implications arising
from the Coronavirus (Covid-19) outbreak, which has affected the UK, are uncertain. The
director
is
reviewing forecasts for an anticipated change in the company’s operational
activities in the short term. The director
is
of the opinion that
despite
Covid-19 the company
remains a going conce
rn.
4
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company.
GALLUS PROMOTIONS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2020
31 March 2020
- 2 -
Gallus Promotions Ltd is a private company limited by shares incorporated in Scotland. The registered office is 30 Miller Road, Ayr, Ayrshire, KA7 2AY.
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 November 2020
Mr P Carella
Director
Company Registration Number SC586958