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REGISTERED NUMBER: 11337280 (England and Wales)















GALVANIZEUK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GALVANIZEUK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Grant
J Young
J Deegan
R Mohan





SECRETARY: J Young





REGISTERED OFFICE: Trafalgar Works Wallace Road
Parkwood Springs
Sheffield
S3 9SR





REGISTERED NUMBER: 11337280 (England and Wales)






GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,417,869 1,238,919

CURRENT ASSETS
Stocks 484,959 517,401
Debtors 5 1,029,986 1,123,869
Cash at bank and in hand 618,153 353,158
2,133,098 1,994,428
CREDITORS
Amounts falling due within one year 6 878,230 1,048,317
NET CURRENT ASSETS 1,254,868 946,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,672,737

2,185,030

CREDITORS
Amounts falling due after more than one
year

7

(52,269

)

(68,290

)

PROVISIONS FOR LIABILITIES (231,045 ) (197,369 )
NET ASSETS 2,389,423 1,919,371

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 2,389,412 1,919,360
2,389,423 1,919,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





R Mohan - Director


GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

GalvanizeUK Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on cost, 20% on reducing balance, 15% on reducing balance, 10% on reducing balance, 5% on cost and Straight line over 3 years

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

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.

GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 33 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 358,226 1,198,665 1,556,891
Additions 102,944 253,950 356,894
Disposals - (54,824 ) (54,824 )
At 31 March 2024 461,170 1,397,791 1,858,961
DEPRECIATION
At 1 April 2023 17,942 300,030 317,972
Charge for year 21,232 119,494 140,726
Eliminated on disposal - (17,606 ) (17,606 )
At 31 March 2024 39,174 401,918 441,092
NET BOOK VALUE
At 31 March 2024 421,996 995,873 1,417,869
At 31 March 2023 340,284 898,635 1,238,919

GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 149,535
Additions 111,786
Disposals (47,000 )
At 31 March 2024 214,321
DEPRECIATION
At 1 April 2023 30,353
Charge for year 38,227
Eliminated on disposal (15,733 )
At 31 March 2024 52,847
NET BOOK VALUE
At 31 March 2024 161,474
At 31 March 2023 119,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 952,205 1,056,358
Other debtors 77,781 67,511
1,029,986 1,123,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,723 30,600
Trade creditors 409,352 307,074
Taxation and social security 312,981 458,036
Other creditors 119,174 252,607
878,230 1,048,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 52,269 68,290

GALVANIZEUK LIMITED (REGISTERED NUMBER: 11337280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. SECURED DEBTS

The amount shown in hire purchase contracts of £52,269 (2023: £68,290) is secured against fixed assets.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had other financial commitments, not stated elsewhere, of £618,222.