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REGISTERED NUMBER: 13146442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GALLTOW LTD

| GALLTOW LTD (REGISTERED NUMBER: 13146442) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| GALLTOW LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | M J Keys

| REGISTERED OFFICE: | Room 73

| Wrest House

| Wrest Park

| Silsoe

| Bedfordshire

| MK45 4HR

| REGISTERED NUMBER: | 13146442 (England and Wales)

| ACCOUNTANTS: | MDG Business Associates Limited

| Room 73

| Wrest House

| Wrest Park

| Silsoe

| Bedfordshire

| MK45 4HR

| GALLTOW LTD (REGISTERED NUMBER: 13146442) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 3,220 |  | 11,447 |  |

CURRENT ASSETS

Stocks | 1,855 |  | - |  |

Cash at bank and in hand | 6,200 |  | 3,859 |  |

8,055 |  | 3,859 |  |

CREDITORS

Amounts falling due within one year | 6 | 24,278 |  | 9,442 |  |

NET CURRENT LIABILITIES | (16,223 | ) | (5,583 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (13,003 | ) | 5,864 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 14,196 |  | 18,637 |  |

NET LIABILITIES | (27,199 | ) | (12,773 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 2 |  | 2 |  |

Retained earnings | (27,201 | ) | (12,775 | ) |

SHAREHOLDERS' FUNDS | (27,199 | ) | (12,773 | ) |

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

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

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 15 January 2026 and were signed by:

M J Keys - Director

| GALLTOW LTD (REGISTERED NUMBER: 13146442) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Galltow 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied and services rendered, stated net of discounts and 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.

| Fixtures, fittings and equipment | - | 25% 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.

| Bounce back loan scheme

| The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 5 ) .

| GALLTOW LTD (REGISTERED NUMBER: 13146442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | TANGIBLE FIXED ASSETS

| Fixtures,

| fittings

| and

| equipment

£ |

| Cost

| At 1 January 2024

| and 31 December 2024 | 32,910 |  |

| Depreciation

| At 1 January 2024 | 21,463 |  |

| Charge for year | 8,227 |  |

| At 31 December 2024 | 29,690 |  |

| Net book value

| At 31 December 2024 | 3,220 |  |

| At 31 December 2023 | 11,447 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 4,267 |  | 2,080 |  |

| Social security and other taxes | 1,271 |  | 1,785 |  |

| VAT | - |  | 1,843 |  |

| Director's loan account | 18,740 |  | 3,734 |  |

24,278 |  | 9,442 |  |

| The bank loan is 100% guaranteed by the government in line with the COVID scheme rules, with interest being charged at 2.5% per annum.

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 14,196 |  | 18,637 |  |

| The bank loan is 100% guaranteed by the government in line with the COVID scheme rules, with interest being charged at 2.5% per annum.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

9. | RELATED PARTY DISCLOSURES

| Included within creditors is a balance of £18,740 (2023: £3,734) due to the director. No interest has been charged on this balance during the year and there are no set repayment terms.