IRIS Accounts Production v24.1.0.578 06751497 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067514972022-12-31067514972023-12-31067514972023-01-012023-12-31067514972021-12-31067514972022-01-012022-12-31067514972022-12-3106751497ns15:EnglandWales2023-01-012023-12-3106751497ns14:PoundSterling2023-01-012023-12-3106751497ns10:Director12023-01-012023-12-3106751497ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106751497ns10:SmallEntities2023-01-012023-12-3106751497ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3106751497ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106751497ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106751497ns10:FullAccounts2023-01-012023-12-310675149712023-01-012023-12-3106751497ns10:OrdinaryShareClass12023-01-012023-12-3106751497ns10:Director22023-01-012023-12-3106751497ns10:RegisteredOffice2023-01-012023-12-3106751497ns5:CurrentFinancialInstruments2023-12-3106751497ns5:CurrentFinancialInstruments2022-12-3106751497ns5:Non-currentFinancialInstruments2023-12-3106751497ns5:Non-currentFinancialInstruments2022-12-3106751497ns5:ShareCapital2023-12-3106751497ns5:ShareCapital2022-12-3106751497ns5:RetainedEarningsAccumulatedLosses2023-12-3106751497ns5:RetainedEarningsAccumulatedLosses2022-12-3106751497ns5:NetGoodwill2023-01-012023-12-3106751497ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106751497ns5:PlantMachinery2023-01-012023-12-3106751497ns5:MotorVehicles2023-01-012023-12-3106751497ns5:ComputerEquipment2023-01-012023-12-3106751497ns5:NetGoodwill2022-12-3106751497ns5:NetGoodwill2023-12-3106751497ns5:NetGoodwill2022-12-3106751497ns5:PlantMachinery2022-12-3106751497ns5:MotorVehicles2022-12-3106751497ns5:ComputerEquipment2022-12-3106751497ns5:PlantMachinery2023-12-3106751497ns5:MotorVehicles2023-12-3106751497ns5:ComputerEquipment2023-12-3106751497ns5:PlantMachinery2022-12-3106751497ns5:MotorVehicles2022-12-3106751497ns5:ComputerEquipment2022-12-3106751497ns5:DeferredTaxation2022-12-3106751497ns5:DeferredTaxation2023-01-012023-12-3106751497ns5:DeferredTaxation2023-12-3106751497ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06751497 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

S.R. & F. Gallagher Transport Ltd

S.R. & F. Gallagher Transport Ltd (Registered number: 06751497)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

S.R. & F. Gallagher Transport Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S R Gallagher
F Gallagher





REGISTERED OFFICE: Elm Tree
Slaymaker Lane
Oakworth
Keighley
West Yorkshire
BD22 7EU





REGISTERED NUMBER: 06751497 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

S.R. & F. Gallagher Transport Ltd (Registered number: 06751497)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 196,083 173,431
196,083 173,431

CURRENT ASSETS
Debtors 6 51,172 46,801
Cash at bank 201,788 171,150
252,960 217,951
CREDITORS
Amounts falling due within one year 7 (117,238 ) (131,387 )
NET CURRENT ASSETS 135,722 86,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,805

259,995

CREDITORS
Amounts falling due after more than one
year

8

(9,600

)

-

PROVISIONS FOR LIABILITIES 9 (44,570 ) (32,952 )
NET ASSETS 277,635 227,043

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 277,535 226,943
SHAREHOLDERS' FUNDS 277,635 227,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

S.R. & F. Gallagher Transport Ltd (Registered number: 06751497)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





S R Gallagher - Director


S.R. & F. Gallagher Transport Ltd (Registered number: 06751497)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

S.R. & F. Gallagher Transport Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoice value of services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles & trailers - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

S.R. & F. Gallagher Transport Ltd (Registered number: 06751497)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 34,500
AMORTISATION
At 1 January 2023
and 31 December 2023 34,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Motor
Plant and vehicles Computer
machinery & trailers equipment Totals
£    £    £    £   
COST
At 1 January 2023 999 436,602 4,091 441,692
Additions - 100,107 1,431 101,538
Disposals - (55,870 ) - (55,870 )
At 31 December 2023 999 480,839 5,522 487,360
DEPRECIATION
At 1 January 2023 727 263,870 3,664 268,261
Charge for year 41 64,895 691 65,627
Eliminated on disposal - (42,611 ) - (42,611 )
At 31 December 2023 768 286,154 4,355 291,277
NET BOOK VALUE
At 31 December 2023 231 194,685 1,167 196,083
At 31 December 2022 272 172,732 427 173,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 51,172 46,801

S.R. & F. Gallagher Transport Ltd (Registered number: 06751497)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 31,673 41,667
Trade creditors 17,881 18,804
Tax 32,984 26,914
Social security and other taxes 15,632 13,201
Directors' current accounts 14,280 28,775
Accrued expenses 1,588 2,026
Deferred government grants 3,200 -
117,238 131,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Deferred government grants 9,600 -

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 44,570 32,952

Deferred
tax
£   
Balance at 1 January 2023 32,952
Charge to Statement of Income and Retained Earnings during year 11,618
Balance at 31 December 2023 44,570

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S.R. & F. Gallagher Transport Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S.R. & F. Gallagher Transport Ltd for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of S.R. & F. Gallagher Transport Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S.R. & F. Gallagher Transport Ltd and state those matters that we have agreed to state to the Board of Directors of S.R. & F. Gallagher Transport Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S.R. & F. Gallagher Transport Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S.R. & F. Gallagher Transport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S.R. & F. Gallagher Transport Ltd. You consider that S.R. & F. Gallagher Transport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S.R. & F. Gallagher Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


16 April 2024