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REGISTERED NUMBER: 03314123 (England and Wales)






















Gallagher Engineering (Hull) Limited

Unaudited Financial Statements

for the Period 1st April 2023 to 31st October 2023






Gallagher Engineering (Hull) Limited (Registered number: 03314123)






Contents of the Financial Statements
for the period 1st April 2023 to 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gallagher Engineering (Hull) Limited

Company Information
for the period 1st April 2023 to 31st October 2023







DIRECTORS: D W Smith
W H Smith





REGISTERED OFFICE: Raywell Street
Hull
HU2 8EP





REGISTERED NUMBER: 03314123 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Balance Sheet
31st October 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,584 14,372

CURRENT ASSETS
Stocks 50,800 60,442
Debtors 5 691,059 380,598
Cash at bank and in hand 88,619 328,797
830,478 769,837
CREDITORS
Amounts falling due within one year 6 238,872 219,546
NET CURRENT ASSETS 591,606 550,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,190

564,663

PROVISIONS FOR LIABILITIES 1,351 851
NET ASSETS 603,839 563,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 603,739 563,712
SHAREHOLDERS' FUNDS 603,839 563,812

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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.

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Balance Sheet - continued
31st October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:





D W Smith - Director


Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Notes to the Financial Statements
for the period 1st April 2023 to 31st October 2023

1. STATUTORY INFORMATION

Gallagher Engineering (Hull) 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.

The year end of the company was shortened from 31st March 2024 to 31st October 2023 to align with is parent company. The comparatives figures are not entirely comparable.

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.

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & Machinery - 20% on cost
Motor Vehicles - 25% on cost
Fixture & Fittings - 20% on cost

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 period 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 period 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.

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 31st October 2023

2. ACCOUNTING POLICIES - continued

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 period was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2023 225,551 35,575 50,299 311,425
Additions 1,718 361 - 2,079
At 31st October 2023 227,269 35,936 50,299 313,504
DEPRECIATION
At 1st April 2023 219,125 32,008 45,920 297,053
Charge for period 1,758 254 855 2,867
At 31st October 2023 220,883 32,262 46,775 299,920
NET BOOK VALUE
At 31st October 2023 6,386 3,674 3,524 13,584
At 31st March 2023 6,426 3,567 4,379 14,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 327,902 371,811
Amounts owed by group undertakings 352,500 -
Other debtors 10,657 8,787
691,059 380,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 171,365 135,503
Taxation and social security 62,749 58,943
Other creditors 4,758 25,100
238,872 219,546

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 31st October 2023

7. ULTIMATE CONTROLLING PARTY

The parent company of Gallagher Engineering (Hull) Limited is Fisadco Engineering Limited, a company registered in England and Wales.

Fisadco Engineering Limited is also the company's ultimate parent undertaking and its registered office is Raywell Street, Hull, HU2 8EP.