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REGISTERED NUMBER: 03314123 (England and Wales)


















Gallagher Engineering (Hull) Limited

Unaudited Financial Statements for the Year Ended 31st October 2024






Gallagher Engineering (Hull) Limited (Registered number: 03314123)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gallagher Engineering (Hull) Limited

Company Information
for the year ended 31st October 2024







DIRECTORS: D W Smith
W H Smith
P A Bentley





REGISTERED OFFICE: Raywell Street
Hull
HU2 8EP





REGISTERED NUMBER: 03314123 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,100 13,584

CURRENT ASSETS
Stocks 52,263 50,800
Debtors 5 651,043 691,059
Cash at bank 46,196 88,619
749,502 830,478
CREDITORS
Amounts falling due within one year 6 193,101 238,872
NET CURRENT ASSETS 556,401 591,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,501

605,190

PROVISIONS FOR LIABILITIES 410 1,351
NET ASSETS 566,091 603,839

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 565,991 603,739
SHAREHOLDERS' FUNDS 566,091 603,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Balance Sheet - continued
31st October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





D W Smith - Director


Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

Gallagher Engineering (Hull) 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.

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & Machinery - 20% on cost
Motor Vehicles - 25% on cost
Fixture & Fittings - 20% 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 Income Statement, 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 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.

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.

Gallagher Engineering (Hull) Limited (Registered number: 03314123)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2023 227,269 35,936 50,299 313,504
Additions - 2,011 - 2,011
At 31st October 2024 227,269 37,947 50,299 315,515
DEPRECIATION
At 1st November 2023 220,883 32,262 46,775 299,920
Charge for year 1,776 2,261 1,458 5,495
At 31st October 2024 222,659 34,523 48,233 305,415
NET BOOK VALUE
At 31st October 2024 4,610 3,424 2,066 10,100
At 31st October 2023 6,386 3,674 3,524 13,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,262 327,902
Amounts owed by group undertakings 402,500 352,500
Other debtors 6,281 10,657
651,043 691,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 128,097 171,365
Amounts owed to group undertakings 8,997 -
Taxation and social security 34,458 62,749
Other creditors 21,549 4,758
193,101 238,872

7. OTHER FINANCIAL COMMITMENTS

The company has future property operating lease commitments of £69,000 (2023: £nil) of which £36,000 (2023: £nil) falls due for payment within one year.