Company registration number 01129009 (England and Wales)
GALLAGHER PLANT LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GALLAGHER PLANT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
GALLAGHER PLANT LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,211,880
8,046,656
Investments
4
882,991
724,806
11,094,871
8,771,462
Current assets
Stocks
27,533
48,064
Debtors
5
1,215,145
981,710
Cash at bank and in hand
2,701,295
2,296,828
3,943,973
3,326,602
Creditors: amounts falling due within one year
6
(2,965,300)
(1,612,727)
Net current assets
978,673
1,713,875
Total assets less current liabilities
12,073,544
10,485,337
Creditors: amounts falling due after more than one year
7
(603,219)
(1,130,805)
Provisions for liabilities
(2,361,017)
(1,772,158)
Net assets
9,109,308
7,582,374
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
9,109,208
7,582,274
Total equity
9,109,308
7,582,374

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr P Gallagher
Mr P J Thomas
Director
Director
Company registration number 01129009 (England and Wales)
GALLAGHER PLANT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Gallagher Plant Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Leitrim House, Little Preston, Coldharbour Lane, Aylesford, Maidstone, Kent, ME20 7NS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, derived from plant hire. Revenue from plant hire contracts is recognised in the profit and loss account by applying hire rates to the period of hire.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
12.5% over the remaining term of the lease.
Plant and machinery
20% - 33% straight line
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

GALLAGHER PLANT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

GALLAGHER PLANT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
2
Employees

The company has no employees during the financial year. All labour was supplied by Gallagher Resources Limited.

 

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
691,886
16,986,929
17,678,815
Additions
-
0
5,197,453
5,197,453
Disposals
-
0
(1,626,688)
(1,626,688)
At 30 September 2024
691,886
20,557,694
21,249,580
Depreciation and impairment
At 1 October 2023
691,886
8,940,273
9,632,159
Depreciation charged in the year
-
0
2,917,227
2,917,227
Eliminated in respect of disposals
-
0
(1,511,686)
(1,511,686)
At 30 September 2024
691,886
10,345,814
11,037,700
Carrying amount
At 30 September 2024
-
0
10,211,880
10,211,880
At 30 September 2023
-
0
8,046,656
8,046,656
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
882,991
724,806
GALLAGHER PLANT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 October 2023
724,806
Additions
250,000
Valuation changes
(91,815)
At 30 September 2024
882,991
Carrying amount
At 30 September 2024
882,991
At 30 September 2023
724,806
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
155
32,106
Amounts owed by group undertakings
611,732
574,508
Other debtors
603,258
375,096
1,215,145
981,710

The amounts owed by group undertakings and amounts owed by companies under common control (included in other debtors) are interest free, with no security and no fixed repayment terms.

6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
790,044
273,312
Amounts owed to group undertakings
844,911
204,618
Other creditors
1,330,345
1,134,797
2,965,300
1,612,727

The amounts owed to group undertakings and amounts owed to companies under common control (included in other creditors) are interest free, with no security and no fixed repayment terms.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
603,219
1,130,805
GALLAGHER PLANT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Mary Gregori FCA, FCCA
Statutory Auditor:
Goldblatts
Date of audit report:
10 June 2025
9
Capital commitments

Amounts contracted for but not provided in the financial statements:

2024
2023
£
£
Acquisition of tangible fixed assets
505,736
-
10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
844,911
204,618
11
Parent company

The ultimate parent company of Gallagher Plant Limited is P Gallagher Limited. The registered office is 4th Floor 4 Tabernacle Street, London, United Kingdom, EC2A 4LU.

 

On 30th September 2024 P Gallagher Limited acquired the shares in Gallagher Group Holdings Limited.

GALLAGHER PLANT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
11
Parent company
(Continued)
- 7 -

The following are the parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
P Gallagher Limited
Smallest group
Gallagher Group Holdings Limited

Both sets of consolidated financial statements and copies can be obtained from - The Company Secretary, Leitrim House, Little Preston, Aylesford, Kent ME20 7NS.

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