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Company Registration No. NI051724 (Northern Ireland)
George Gallagher Metals Ltd Unaudited accounts for the year ended 30 September 2024
George Gallagher Metals Ltd Unaudited accounts Contents
Page
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George Gallagher Metals Ltd Company Information for the year ended 30 September 2024
Directors
George Gallagher Laura Edith Gallagher
Secretary
Laura Edith Gallagher
Company Number
NI051724 (Northern Ireland)
Registered Office
229 Scallen Road Trillick Omagh Co Tyrone BT78 3TA Northern Ireland
Accountants
MacNeary Rasdale & Co. Ltd Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW
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Accountants' report to the Board of Directors on the unaudited financial statements of George Gallagher Metals Ltd for the year ended 30 September 2024
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 30 September 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
MacNeary Rasdale & Co. Ltd Chartered Accountants Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW 10 July 2025
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George Gallagher Metals Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
286,868 
325,625 
Investments
99,323 
99,323 
386,191 
424,948 
Current assets
Debtors
157,833 
148,646 
Cash at bank and in hand
142,488 
145,208 
300,321 
293,854 
Creditors: amounts falling due within one year
(67,381)
(39,774)
Net current assets
232,940 
254,080 
Total assets less current liabilities
619,131 
679,028 
Provisions for liabilities
Deferred tax
(44,572)
(44,572)
Net assets
574,559 
634,456 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
574,359 
634,256 
Shareholders' funds
574,559 
634,456 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by
George Gallagher Director Company Registration No. NI051724
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George Gallagher Metals Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
George Gallagher Metals Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI051724. The registered office is 229 Scallen Road, Trillick, Omagh, Co Tyrone, BT78 3TA, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
124,771 
1,189,891 
45,821 
56,921 
1,417,404 
At 30 September 2024
124,771 
1,189,891 
45,821 
56,921 
1,417,404 
Depreciation
At 1 October 2023
35,093 
971,347 
30,423 
54,916 
1,091,779 
Charge for the year
2,495 
32,782 
3,079 
401 
38,757 
At 30 September 2024
37,588 
1,004,129 
33,502 
55,317 
1,130,536 
Net book value
At 30 September 2024
87,183 
185,762 
12,319 
1,604 
286,868 
At 30 September 2023
89,678 
218,544 
15,398 
2,005 
325,625 
5
Investments
Other investments 
£ 
Valuation at 1 October 2023
99,323 
Valuation at 30 September 2024
99,323 
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George Gallagher Metals Ltd Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,646 
Trade debtors
8,880 
- 
Accrued income and prepayments
3,953 
- 
Other debtors
145,000 
145,000 
157,833 
148,646 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
194 
9,757 
VAT
4,606 
- 
Trade creditors
- 
255 
Taxes and social security
119 
- 
Loans from directors
58,512 
27,762 
Accruals
3,950 
2,000 
67,381 
39,774 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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