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REGISTERED NUMBER: 00964827 (England and Wales)













CARDIFF GALVANIZERS (1969) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CARDIFF GALVANIZERS (1969) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R Evans
G Evans
A H John





REGISTERED OFFICE: Cambria House
East Moors Road
Cardiff
CF24 5EG





REGISTERED NUMBER: 00964827 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 324,170 387,547

CURRENT ASSETS
Stocks 240,721 308,752
Debtors 5 937,868 1,014,408
Cash at bank and in hand 269,203 291,387
1,447,792 1,614,547
CREDITORS
Amounts falling due within one year 6 1,229,532 1,364,135
NET CURRENT ASSETS 218,260 250,412
TOTAL ASSETS LESS CURRENT LIABILITIES 542,430 637,959

CREDITORS
Amounts falling due after more than one year 7 (22,500 ) (27,402 )

PROVISIONS FOR LIABILITIES (63,643 ) (78,042 )
NET ASSETS 456,287 532,515

CAPITAL AND RESERVES
Called up share capital 9 15,000 15,000
Retained earnings 441,287 517,515
SHAREHOLDERS' FUNDS 456,287 532,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





R Evans - Director


CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Cardiff Galvanizers (1969) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33.33% straight line on cost, Over 20 years and Straight line over 7 years
Motor vehicles - 25% straight line on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 89 (2023 - 92 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 October 2023 2,747,050 759,076 3,506,126
Additions 13,558 94,990 108,548
Disposals (4,756 ) - (4,756 )
At 30 September 2024 2,755,852 854,066 3,609,918
DEPRECIATION
At 1 October 2023 2,447,341 671,238 3,118,579
Charge for year 99,188 67,981 167,169
At 30 September 2024 2,546,529 739,219 3,285,748
NET BOOK VALUE
At 30 September 2024 209,323 114,847 324,170
At 30 September 2023 299,709 87,838 387,547

CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 October 2023 195,684
Additions 94,990
Transfer to ownership (92,927 )
At 30 September 2024 197,747
DEPRECIATION
At 1 October 2023 107,859
Charge for year 67,981
Transfer to ownership (92,926 )
At 30 September 2024 82,914
NET BOOK VALUE
At 30 September 2024 114,833
At 30 September 2023 87,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 824,010 897,988
Amounts owed by group undertakings 100,371 95,642
Other debtors 13,487 20,778
937,868 1,014,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 30,928 19,556
Trade creditors 153,609 249,063
Amounts owed to group undertakings 718,362 848,079
Taxation and social security 253,662 217,933
Other creditors 72,971 29,504
1,229,532 1,364,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 22,500 27,402

CARDIFF GALVANIZERS (1969) LIMITED (REGISTERED NUMBER: 00964827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 53,428 46,958

The loans in respect of hire purchase agreements are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
15,000 Ordinary 1 15,000 15,000

10. RELATED PARTY DISCLOSURES

The company was under the control of the directors as disclosed on Page 1 throughout the current and
previous year.

The company undertook the following material transactions with group companies during the year:

Cardiff Galvanizers (1969) Limited charged Galvablast Limited:
- Management charges - £20,000 (2023 - £20,000)
- Direct costs & Operating expense recharges - £1,512,600 (2023 - £1,129,928)

Galvablast Limited charged the company:
- Direct costs - £1,630,548 (2023 - £1,298,974)

Cardiff Galvanizers Holdings Limited charged the company:
- Management charges & Rent of Premises & Equipment - £90,000 (2023 - £90,000)

As at the year end the company was owed £3,002,966 (2023 - £1,468,060) from Galvablast Limited in respect of sundry and trade balances; and owed Galvablast Limited £3,103,337 (2023 - £1,372,418) in respect of sundry and trade balances.

As at the year end the company owed £718,362 (2023 - £848,079) to Cardiff Galvanizers Holdings
Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Cardiff Galvanizers HoldingsLimited.

Cardiff Galvanizers Holdings Limited, incorporated in Great Britain, is the beneficial holder of the entire issued share capital in the company. The group is exempt from the preparation of consolidated accounts since the group qualifies as a small group for Company Law purposes.