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
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
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
George Gallagher Metals Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
286,868
325,625
Cash at bank and in hand
142,488
145,208
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
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
George Gallagher Metals Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
George Gallagher Metals Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
3,953
-
Other debtors
145,000
145,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
194
9,757
Taxes and social security
119
-
Loans from directors
58,512
27,762
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).