Registered number
03280304
M. Gallagher (Civil Engineering) Limited
Filleted Accounts
31 March 2024
M. Gallagher (Civil Engineering) Limited
Registered number: 03280304
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 577,239 670,535
Current assets
Stocks 15,000 15,000
Debtors 4 1,359,475 1,455,089
Cash at bank and in hand 4,864,448 4,264,385
6,238,923 5,734,474
Creditors: amounts falling due within one year 5 (279,857) (169,536)
Net current assets 5,959,066 5,564,938
Total assets less current liabilities 6,536,305 6,235,473
Creditors: amounts falling due after more than one year 6 - (5,227)
Provisions for liabilities (144,310) (124,677)
Net assets 6,391,995 6,105,569
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,391,994 6,105,568
Shareholder's funds 6,391,995 6,105,569
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M J Gallagher
Director
Approved by the board on 28 November 2024
M. Gallagher (Civil Engineering) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2023 1,607,419 140,763 1,748,182
Additions 43,580 62,450 106,030
Disposals - (44,374) (44,374)
At 31 March 2024 1,650,999 158,839 1,809,838
Depreciation
At 1 April 2023 978,541 99,106 1,077,647
Charge for the year 168,115 24,299 192,414
On disposals - (37,462) (37,462)
At 31 March 2024 1,146,656 85,943 1,232,599
Net book value
At 31 March 2024 504,343 72,896 577,239
At 31 March 2023 628,878 41,657 670,535
4 Debtors 2024 2023
£ £
Trade debtors 905,175 891,504
Other debtors 454,300 563,585
1,359,475 1,455,089
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,227 15,680
Trade creditors 110,496 144,398
Taxation and social security costs 156,136 1,900
Other creditors 7,998 7,558
279,857 169,536
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 5,227
7 Related party transactions
The company is a related party of M. Gallagher (Plant Hire) Limited and M Gallagher Homes Ltd, companies registered in England and Wales, by virtue of common control by the director M J Gallagher.

During the year, the company hired plant and machinery from M. Gallagher (Plant Hire) Limited, and the total value of invoices received for the year was £397,500 (2023 - £390,000). Last year, the company also lent £180,748 to M. Gallagher (Plant Hire) Limited. As at 31 March 2024, the amount owed by M. Gallagher (Plant Hire) Limited to the company was £80,516 (2023 - £120,016).

In the past, M. Gallagher (Civil Engineering) Limited lent £239,612 to M Gallagher Homes Ltd. As at 31 March 2024, the amount owed to the company by M Gallagher Homes Ltd was £239,612 (2023 - £239,612).
8 Controlling party
The company is controlled by the director Mr M J Gallagher, by virtue of his ownership of the entire issued share capital.
9 Other information
M. Gallagher (Civil Engineering) Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Victoria Villas
Grangefield Industrial Estate
Pudsey
Leeds
LS28 6BP
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