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REGISTERED NUMBER: 03072361 (England and Wales)













GALVABLAST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






GALVABLAST LIMITED (REGISTERED NUMBER: 03072361)

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 3


GALVABLAST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G Evans
R Evans
A H John





SECRETARY: R Evans





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





REGISTERED NUMBER: 03072361 (England and Wales)





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

GALVABLAST LIMITED (REGISTERED NUMBER: 03072361)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 39,949 35,062

CURRENT ASSETS
Stocks 103,771 111,751
Debtors 5 929,063 965,870
Cash at bank 54,973 72,634
1,087,807 1,150,255
CREDITORS
Amounts falling due within one year 6 198,082 213,168
NET CURRENT ASSETS 889,725 937,087
TOTAL ASSETS LESS CURRENT LIABILITIES 929,674 972,149

PROVISIONS FOR LIABILITIES 8,351 6,766
NET ASSETS 921,323 965,383

CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Retained earnings 916,323 960,383
SHAREHOLDERS' FUNDS 921,323 965,383

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.

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


GALVABLAST LIMITED (REGISTERED NUMBER: 03072361)

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


1. STATUTORY INFORMATION

Galvablast 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.
Plant and machinery - 25% straight line on cost
Fixtures and fittings - 25% straight line on cost
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

GALVABLAST LIMITED (REGISTERED NUMBER: 03072361)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 October 2023 377,458 3,119 65,441 446,018
Additions 19,201 - - 19,201
At 30 September 2024 396,659 3,119 65,441 465,219
DEPRECIATION
At 1 October 2023 342,414 3,103 65,439 410,956
Charge for year 14,300 14 - 14,314
At 30 September 2024 356,714 3,117 65,439 425,270
NET BOOK VALUE
At 30 September 2024 39,945 2 2 39,949
At 30 September 2023 35,044 16 2 35,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 91,657 90,567
Amounts owed by group undertakings 837,406 870,456
Other debtors - 4,847
929,063 965,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 22,186 114,412
Amounts owed to group undertakings 100,371 95,642
Taxation and social security 72,331 -
Other creditors 3,194 3,114
198,082 213,168

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,000 Ordinary 1 5,000 5,000

GALVABLAST LIMITED (REGISTERED NUMBER: 03072361)

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


8. 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:

Galvablast Limited charged Cardiff Galvanizers (1969) Limited:
- Direct costs - £1,630,548 (2023 - £1,298,974)

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)

As at the year end the company owed £3,103,337 (2023 - £1,468,060) to Cardiff Galvanizers (1969) Limited in respect of sundry and trade balances; and was owed £3,002,966 (2023 - £1,372,418) from Cardiff Galvanizers (1969) Limited in respect of sundry and trade balances.

As at the year end the company was owed £837,406 (2023 - £870,456) from Cardiff Galvanizers Holdings Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Cardiff Galvanizers Holdings Ltd.

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.