REGISTERED NUMBER: 10575047 (England and Wales)

GARLINA STEEL

INSTALLATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B Gallagher

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

10575047 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

14,530

11,874

CURRENT ASSETS

Stocks

56,772

15,604

Debtors

5

716,698

421,921

Cash at bank

168,212

278,466

941,682

715,991

CREDITORS

Amounts falling due within one year

6

149,841

147,134

NET CURRENT ASSETS

791,841

568,857

TOTAL ASSETS LESS CURRENT LIABILITIES

806,371

580,731

CREDITORS

Amounts falling due after more than one year

7

(5,001

)

(15,001

)

PROVISIONS FOR LIABILITIES

8

(2,870

)

(2,968

)

NET ASSETS

798,500

562,762

CAPITAL AND RESERVES

Called up share capital

85

85

Retained earnings

798,415

562,677

SHAREHOLDERS' FUNDS

798,500

562,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 1 August 2025 and were signed by:

Mr B Gallagher - Director

1.	STATUTORY INFORMATION

Garlina Steel Installations Ltd 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

8,819

39,685

1,569

50,073

Additions

-

7,500

-

7,500

At 31 January 2025

8,819

47,185

1,569

57,573

DEPRECIATION

At 1 February 2024

6,712

29,918

1,569

38,199

Charge for year

527

4,317

-

4,844

At 31 January 2025

7,239

34,235

1,569

43,043

NET BOOK VALUE

At 31 January 2025

1,580

12,950

-

14,530

At 31 January 2024

2,107

9,767

-

11,874

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

575,055

418,040

Prepayments and accrued income

29,798

3,881

Loan to Garlina Properties Ltd

111,845

-

716,698

421,921

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

11,148

8,069

Corporation tax

96,574

57,470

Social security and other taxes

23,185

6,561

Shareholder loan

1,134

57,164

Directors' current accounts

4,240

4,575

Accrued expenses

3,560

3,295

149,841

147,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

5,001

15,001

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

2,870

2,968

Deferred

tax

£

Balance at 1 February 2024

2,968

Credit to Income Statement during year

(98

)

Balance at 31 January 2025

2,870

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Mr B Gallagher

Balance outstanding at start of year

-

24,856

Amounts repaid

-

(24,856

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr B Gallagher

Balance outstanding at start of year

4,575

-

Amounts advanced

-

4,575

Amounts repaid

(335

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,240

4,575

Shareholder loan

At 31st January 2025 loans to the company from the shareholder amounted to £1,134 (2024 £57,164).

10.	RELATED PARTY DISCLOSURES

During the year the company has advanced a loan to Garlina Properties Limited, a company under common control. Interest is charged on a daily basis at 4%

The balance at 31st January 2025 amounted to £111,845.