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REGISTERED NUMBER: 05584863 (England and Wales)















GALLERY 53 LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016





GALLERY 53 LIMITED (REGISTERED NUMBER: 05584863)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 5
GALLERY 53 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: Mr P Brown





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
Huddersfield
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 05584863 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL
GALLERY 53 LIMITED (REGISTERED NUMBER: 05584863)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 175 233

CURRENT ASSETS
Stocks 1,815 1,815
Debtors 95 1,130
Cash at bank 4,135 -
6,045 2,945
CREDITORS
Amounts falling due within one year 3,734 2,755
NET CURRENT ASSETS 2,311 190
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,486

423

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 2,386 323
SHAREHOLDERS' FUNDS 2,486 423
GALLERY 53 LIMITED (REGISTERED NUMBER: 05584863)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 3 November 2016 and were signed by:





Mr P Brown - Director

GALLERY 53 LIMITED (REGISTERED NUMBER: 05584863)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 1,118
DEPRECIATION
At 1 April 2015 885
Charge for year 58
At 31 March 2016 943
NET BOOK VALUE
At 31 March 2016 175
At 31 March 2015 233

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100
GALLERY 53 LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
GALLERY 53 LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


3 November 2016

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