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REGISTERED NUMBER: 01660270 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GALLAGHER POWER FENCE (U.K.) LIMITED

GALLAGHER POWER FENCE (U.K.) LIMITED (REGISTERED NUMBER: 01660270)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GALLAGHER POWER FENCE (U.K.) LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: ME Dijkstra





REGISTERED OFFICE: Curriers Close
Canley
Coventry
West Midlands
CV4 8AW





REGISTERED NUMBER: 01660270 (England and Wales)





AUDITORS: Dafferns LLP
Chartered Accountants
Statutory Auditor
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

GALLAGHER POWER FENCE (U.K.) LIMITED (REGISTERED NUMBER: 01660270)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 75,176 85,908

CURRENT ASSETS
Stocks 477,312 554,954
Debtors 6 535,113 813,953
Cash at bank 12,438 120,171
1,024,863 1,489,078
CREDITORS
Amounts falling due within one year 7 316,887 850,528
NET CURRENT ASSETS 707,976 638,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,152

724,458

CAPITAL AND RESERVES
Called up share capital 9 205,912 205,912
Retained earnings 577,240 518,546
SHAREHOLDERS' FUNDS 783,152 724,458

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





ME Dijkstra - Director


GALLAGHER POWER FENCE (U.K.) LIMITED (REGISTERED NUMBER: 01660270)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Gallagher Power Fence (U.K.) 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, typically on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the statement of comprehensive income in the period in which they are incurred.

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

Short leasehold- Straight line over period of lease
Improvement to leasehold property- 10% on cost
Plant & machinery- 10% on cost
Fixtures & fittings- 20% on cost
Motor vehicles- 20% on cost

Any gains and losses on the disposal of tangible fixed assets are recognised in the statement of comprehensive income in the year that the disposal takes place.

Stocks
Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined by maintaining stock on a first-in, first-out basis.

Financial instruments
Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

GALLAGHER POWER FENCE (U.K.) LIMITED (REGISTERED NUMBER: 01660270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

3. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

The assets of the scheme are held separately from those of the company in independently administered funds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

GALLAGHER POWER FENCE (U.K.) LIMITED (REGISTERED NUMBER: 01660270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 133,801 104,794 238,595
Disposals - (16,816 ) (16,816 )
At 30 June 2024 133,801 87,978 221,779
DEPRECIATION
At 1 July 2023 79,435 73,252 152,687
Charge for year 1,542 9,190 10,732
Eliminated on disposal - (16,816 ) (16,816 )
At 30 June 2024 80,977 65,626 146,603
NET BOOK VALUE
At 30 June 2024 52,824 22,352 75,176
At 30 June 2023 54,366 31,542 85,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 525,085 806,097
Other debtors 1,500 2,856
Amounts due from Gallagher
Europe B.V 3,028 -
Deferred tax asset 5,500 5,000
535,113 813,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 55,260 52,501
Amounts owed to group undertakings - 352,934
Tax 21,306 14,952
Social security and other taxes 5,227 6,501
VAT 206,298 212,330
Other creditors 1,105 989
Amounts due to Gallagher Europe B.V. - 167,318
Accrued expenses 27,691 43,003
316,887 850,528

GALLAGHER POWER FENCE (U.K.) LIMITED (REGISTERED NUMBER: 01660270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,350 10,350
Between one and five years 41,400 41,400
In more than five years 334,650 345,000
386,400 396,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
205,912 Ordinary £1 205,912 205,912

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lucy Hatton FCCA (Senior Statutory Auditor)
for and on behalf of Dafferns LLP

11. ULTIMATE PARENT COMPANY

The company is a wholly-owned subsidiary of Gallagher Europe B.V. a company incorporated in the Netherlands, which is also its ultimate parent company.

Copies of the consolidated financial statements are available from Gallagher Europe B.V. Bornholmstraat 62 A, 9723 AZ Groningen, the Netherlands.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.