GALGORM MEATS LIMITED

Company Registration Number:
NI624739 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

GALGORM MEATS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

GALGORM MEATS LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 331,817 345,994
Total fixed assets: 331,817 345,994
Current assets
Stocks: 135,833 125,573
Debtors:   1,083,459 1,060,066
Cash at bank and in hand: 4,212,967 4,113,207
Total current assets: 5,432,259 5,298,846
Creditors: amounts falling due within one year:   (735,199) (778,253)
Net current assets (liabilities): 4,697,060 4,520,593
Total assets less current liabilities: 5,028,877 4,866,587
Total net assets (liabilities): 5,028,877 4,866,587
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 5,028,875 4,866,585
Shareholders funds: 5,028,877 4,866,587

The notes form part of these financial statements

GALGORM MEATS LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Mr Paul McCurdy
Status: Director

The notes form part of these financial statements

GALGORM MEATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

GALGORM MEATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 25 28

GALGORM MEATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 757,079
Additions 68,631
Disposals (7,725)
At 31 May 2024 817,985
Depreciation
At 01 June 2023 411,085
Charge for year 81,206
On disposals (6,123)
At 31 May 2024 486,168
Net book value
At 31 May 2024 331,817
At 31 May 2023 345,994