BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is providing support services to the parent company. 25 March 2025 2 1 13926150 2024-03-31 13926150 2023-03-31 13926150 2022-03-31 13926150 2023-04-01 2024-03-31 13926150 2022-04-01 2023-03-31 13926150 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13926150 uk-curr:PoundSterling 2023-04-01 2024-03-31 13926150 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13926150 uk-bus:FullAccounts 2023-04-01 2024-03-31 13926150 uk-bus:Director1 2023-04-01 2024-03-31 13926150 uk-bus:Director2 2023-04-01 2024-03-31 13926150 uk-bus:Director3 2023-04-01 2024-03-31 13926150 uk-bus:Director4 2023-04-01 2024-03-31 13926150 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 13926150 uk-bus:Agent1 2023-04-01 2024-03-31 13926150 uk-core:ShareCapital 2024-03-31 13926150 uk-core:ShareCapital 2023-03-31 13926150 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 13926150 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 13926150 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 13926150 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 13926150 uk-bus:FRS102 2023-04-01 2024-03-31 13926150 uk-bus:Audited 2023-04-01 2024-03-31 13926150 uk-core:CurrentFinancialInstruments 2024-03-31 13926150 uk-core:CurrentFinancialInstruments 2023-03-31 13926150 uk-core:CurrentFinancialInstruments 2024-03-31 13926150 uk-core:CurrentFinancialInstruments 2023-03-31 13926150 uk-core:WithinOneYear 2024-03-31 13926150 uk-core:WithinOneYear 2023-03-31 13926150 uk-core:ParentEntities 2023-04-01 2024-03-31 13926150 uk-countries:Switzerland 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: 13926150
 
 
Galileo Energy UK Ltd
 
Financial Statements
 
for the financial year ended 31 March 2024
Galileo Energy UK Ltd
Directors and Other Information

 
Directors Nikolaus Alexander Rudolf Felix Mainka
Katy Elizabeth Hogg (Appointed 19 July 2024)
Laura Belardinelli
Claire Ratcliffe (Resigned 30 June 2024)
 
 
Company Registration Number 13926150
 
 
Registered Office 16 Great Queen Street, Covent Garden,
London
WC2B 5AH
United Kingdom
 
 
Independent Auditors HCA Chartered Accountants Ltd
Chartered Accountants and Statutory Auditors
12 Cromac Place,
The Gasworks,
Belfast
BT7 2JB
 
 
Bankers HSBC
  60 Queen Victoria Street,
  London,
  EC4N, 4TR



Galileo Energy UK Ltd
Company Registration Number: 13926150
Balance Sheet
as at 31 March 2024

2024 2023
Notes £ £
 
Current Assets
Debtors 7 209,239 134,643
Cash and cash equivalents 76,431 14,541
───────── ─────────
285,670 149,184
───────── ─────────
Creditors: amounts falling due within one year 8 (241,197) (120,151)
───────── ─────────
Net Current Assets 44,473 29,033
───────── ─────────
Total Assets less Current Liabilities 44,473 29,033
═════════ ═════════
 
Capital and Reserves
Called up share capital 10,000 10,000
Retained earnings 34,473 19,033
───────── ─────────
Equity attributable to owners of the company 44,473 29,033
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
Approved by the Board and authorised for issue on 24 March 2025 and signed on its behalf by
           
           
________________________________          
Laura Belardinelli          
Director          
           



Galileo Energy UK Ltd
Notes to the Financial Statements
for the financial year ended 31 March 2024

   
1. General Information
 
Galileo Energy UK Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 13926150. The registered office of the company is 16 Great Queen Street, Covent Garden,, London, WC2B 5AH, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services provided by the company, exclusive of trade discounts and value added tax.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as called up share capital not paid.
   
3. Period of financial statements
 
The comparative figures relate to the 13 month period ended 31 March 2023.
   
4. Going concern
 
The Directors have assessed the forecast financial performance of the company covering a period of 12 months from the date of approval of the financial statements, and have concluded that the company will have sufficient financial resources to continue to operate as a going concern.
   
5. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by HCA Chartered Accountants Ltd.
The Auditor's Report was signed by Brian Hegarty (Senior Statutory Auditor) for and on behalf of HCA Chartered Accountants Ltd on 25th March 2025.
 
       
6. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 1).
 
  2024 2023
  Number Number
 
Employees 2 1
  ═════════ ═════════
       
7. Debtors 2024 2023
  £ £
 
Amounts owed by group undertakings 136,568 59,991
Other debtors 61,419 63,611
Taxation - 627
Called up share capital not paid 10,000 10,000
Prepayments and accrued income 1,252 414
  ───────── ─────────
  209,239 134,643
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to group undertakings 124,402 57,988
Taxation 21,259 9,746
Other creditors 587 587
Accruals:
Pension accrual 2,906 2,025
Other accruals 92,043 49,805
  ───────── ─────────
  241,197 120,151
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
           
10. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
11. Parent company
 
The company regards Galileo Green Energy GmbH as its parent company.
 
The parent of the largest group in which the results are consolidated is Galileo Green Energy GMBH.
Galileo Green Energy GMBH is registered in Switzerland.
 
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.