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REGISTERED NUMBER: 04578421 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Galloway Tree Services Limited

Galloway Tree Services Limited (Registered number: 04578421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Galloway Tree Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr A J Galloway





REGISTERED OFFICE: Glencote
Huthwaite Lane
Thurgoland
Sheffield
South Yorkshire
S35 7AF





REGISTERED NUMBER: 04578421 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Galloway Tree Services Limited (Registered number: 04578421)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,334 43,765

CURRENT ASSETS
Debtors 5 15,739 7,194
Cash at bank 45,510 23,085
61,249 30,279
CREDITORS
Amounts falling due within one year 6 51,697 10,262
NET CURRENT ASSETS 9,552 20,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,886

63,782

PROVISIONS FOR LIABILITIES 7 9,182 8,315
NET ASSETS 48,704 55,467

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 48,702 55,465
SHAREHOLDERS' FUNDS 48,704 55,467

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Galloway Tree Services Limited (Registered number: 04578421)

Balance Sheet - continued
31 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 director and authorised for issue on 30 June 2025 and were signed by:





Mr A J Galloway - Director


Galloway Tree Services Limited (Registered number: 04578421)

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

1. STATUTORY INFORMATION

Galloway Tree Services Limited is a private company , limited by shares , registered in England and Wales. The company's registered number is 04578421and registered office address is Glencote , Huthwaite Lane , Thurgoland , Sheffield , S35 7AF.

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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on reducing balance basis
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Galloway Tree Services Limited (Registered number: 04578421)

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

2. ACCOUNTING POLICIES - continued

Government grants
Grants, related to expenditure on tangible fixed assets, are credited to profit over a period approximating to the lives of qualifying assets. The grants shown in the balance sheet consist of the total grants receivable to date, less the amounts so far credited to profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 68,208 34,904 1,225 104,337
Additions 17,243 - - 17,243
At 31 October 2024 85,451 34,904 1,225 121,580
DEPRECIATION
At 1 November 2023 33,873 25,474 1,225 60,572
Charge for year 10,317 2,357 - 12,674
At 31 October 2024 44,190 27,831 1,225 73,246
NET BOOK VALUE
At 31 October 2024 41,261 7,073 - 48,334
At 31 October 2023 34,335 9,430 - 43,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,844 5,532
Other debtors 895 1,662
15,739 7,194

Galloway Tree Services Limited (Registered number: 04578421)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,724 185
Taxation and social security 10,687 4,722
Other creditors 32,286 5,355
51,697 10,262

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,182 8,315

Deferred
tax
£   
Balance at 1 November 2023 8,315
Provided during year 867
Accelerated capital allowances
Balance at 31 October 2024 9,182