IRIS Accounts Production v25.1.3.33 02571000 Board of Directors 1.1.24 31.12.24 31.12.24 6/5/2025 false true false false true false Auditors Opinion Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025710002023-12-31025710002024-12-31025710002024-01-012024-12-31025710002022-12-31025710002023-01-012023-12-31025710002023-12-3102571000ns15:EnglandWales2024-01-012024-12-3102571000ns14:PoundSterling2024-01-012024-12-3102571000ns10:Director12024-01-012024-12-3102571000ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102571000ns10:SmallEntities2024-01-012024-12-3102571000ns10:Audited2024-01-012024-12-3102571000ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102571000ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102571000ns10:FullAccounts2024-01-012024-12-3102571000ns10:OrdinaryShareClass12024-01-012024-12-3102571000ns10:Director22024-01-012024-12-3102571000ns10:RegisteredOffice2024-01-012024-12-3102571000ns5:CurrentFinancialInstruments2024-12-3102571000ns5:CurrentFinancialInstruments2023-12-3102571000ns5:ShareCapital2024-12-3102571000ns5:ShareCapital2023-12-3102571000ns5:RetainedEarningsAccumulatedLosses2024-12-3102571000ns5:RetainedEarningsAccumulatedLosses2023-12-3102571000ns5:FurnitureFittings2024-01-012024-12-3102571000ns5:ComputerEquipment2024-01-012024-12-3102571000ns5:FurnitureFittings2023-12-3102571000ns5:ComputerEquipment2023-12-3102571000ns5:FurnitureFittings2024-12-3102571000ns5:ComputerEquipment2024-12-3102571000ns5:FurnitureFittings2023-12-3102571000ns5:ComputerEquipment2023-12-3102571000ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102571000ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102571000ns5:WithinOneYear2024-12-3102571000ns5:WithinOneYear2023-12-3102571000ns5:BetweenOneFiveYears2024-12-3102571000ns5:BetweenOneFiveYears2023-12-3102571000ns5:AllPeriods2024-12-3102571000ns5:AllPeriods2023-12-3102571000ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 02571000 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Galliance UK Limited

Galliance UK Limited (Registered number: 02571000)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Galliance UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S C J Walker
Mr A M Lacombe





REGISTERED OFFICE: Hilliard House, Lester Way
Hithercroft
Wallingford
Oxfordshire
OX10 9TA





REGISTERED NUMBER: 02571000 (England and Wales)

Galliance UK Limited (Registered number: 02571000)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,262 1,869

CURRENT ASSETS
Stocks 60,048 24,319
Debtors 5 575,629 750,049
Cash at bank 1,186,028 1,702,294
1,821,705 2,476,662
CREDITORS
Amounts falling due within one year 6 (684,610 ) (590,659 )
NET CURRENT ASSETS 1,137,095 1,886,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,139,357

1,887,872

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 1,129,357 1,877,872
SHAREHOLDERS' FUNDS 1,139,357 1,887,872

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 6 May 2025 and were signed on its behalf by:





Mr S C J Walker - Director


Galliance UK Limited (Registered number: 02571000)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Galliance UK 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.

A sale is recognised when the goods are delivered and when revenue and associated costs can be measured reliably and future economic benefits are probable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost, 33% on cost, 25% on cost and 20% on cost
Office equipment - 50% on cost, 33% on cost and 25% on cost

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

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Galliance UK Limited (Registered number: 02571000)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 2,875 13,661 16,536
Additions - 1,569 1,569
At 31 December 2024 2,875 15,230 18,105
DEPRECIATION
At 1 January 2024 2,485 12,182 14,667
Charge for year 142 1,034 1,176
At 31 December 2024 2,627 13,216 15,843
NET BOOK VALUE
At 31 December 2024 248 2,014 2,262
At 31 December 2023 390 1,479 1,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 555,473 731,565
Other debtors 20,156 18,484
575,629 750,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 135,759 37,624
Amounts owed to group undertakings 186,305 396,375
Taxation and social security 30,020 59,012
Other creditors 332,526 97,648
684,610 590,659

Galliance UK Limited (Registered number: 02571000)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,806
Between one and five years 28,288 14,350
28,288 16,156

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary shares 1 10,000 10,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Kerins FCCA (Senior Statutory Auditor)
for and on behalf of Ad Valorem Audit Services Limited

10. ULTIMATE CONTROLLING PARTY

The controlling party is Galliance SA, a company incorporated in France. The address of Galliance SA is:

Zac de l'aéropole
250 rue Jean Mermoz
44150
Ancenis
France

The ultimate controlling party is Terrena, a company incorporated in France.