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REGISTERED NUMBER: SC474974 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

GALLAGHER BUILDERS LTD

GALLAGHER BUILDERS LTD (REGISTERED NUMBER: SC474974)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GALLAGHER BUILDERS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B Gallagher





REGISTERED OFFICE: Suite 411, Baltic Chambers
50 Wellington Street
Glasgow
G2 6HJ





REGISTERED NUMBER: SC474974 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

GALLAGHER BUILDERS LTD (REGISTERED NUMBER: SC474974)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,982 22,994

CURRENT ASSETS
Debtors 164,508 114,856
Cash at bank 6,633 71,728
171,141 186,584
CREDITORS
Amounts falling due within one year 139,431 130,886
NET CURRENT ASSETS 31,710 55,698
TOTAL ASSETS LESS CURRENT LIABILITIES 100,692 78,692

CREDITORS
Amounts falling due after more than one year (76,925 ) (39,793 )

PROVISIONS FOR LIABILITIES (13,107 ) (4,369 )
NET ASSETS 10,660 34,530

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,659 34,529
SHAREHOLDERS' FUNDS 10,660 34,530

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 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.

GALLAGHER BUILDERS LTD (REGISTERED NUMBER: SC474974)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





B Gallagher - Director


GALLAGHER BUILDERS LTD (REGISTERED NUMBER: SC474974)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gallagher Builders Ltd is a private company, limited by shares , registered in Scotland. 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
In accordance with his responsibility as director, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 7 (2023 - 9 ) .

GALLAGHER BUILDERS LTD (REGISTERED NUMBER: SC474974)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 51,967
Additions 70,696
Disposals (23,217 )
At 31 March 2024 99,446
DEPRECIATION
At 1 April 2023 28,973
Charge for year 22,995
Eliminated on disposal (21,504 )
At 31 March 2024 30,464
NET BOOK VALUE
At 31 March 2024 68,982
At 31 March 2023 22,994

5. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 33,235 9,712

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,960 9,712

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,515 12,971

GALLAGHER BUILDERS LTD (REGISTERED NUMBER: SC474974)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B Gallagher
Balance outstanding at start of year 86,445 18,531
Amounts advanced 219,738 279,266
Amounts repaid (219,738 ) (211,352 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,445 86,445