REGISTERED NUMBER: 03314123 (England and Wales)

Gallagher Engineering (Hull) Limited

Unaudited Financial Statements for the Year Ended 31st October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D W Smith

W H Smith

P A Bentley

REGISTERED OFFICE:

Raywell Street

Hull

HU2 8EP

REGISTERED NUMBER:

03314123 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

117,392

10,100

CURRENT ASSETS

Stocks

48,652

52,263

Debtors

5

968,415

651,043

Cash at bank

233,795

46,196

1,250,862

749,502

CREDITORS

Amounts falling due within one year

6

582,559

193,101

NET CURRENT ASSETS

668,303

556,401

TOTAL ASSETS LESS CURRENT LIABILITIES

785,695

566,501

CREDITORS

Amounts falling due after more than one year

7

(42,538

)

-

PROVISIONS FOR LIABILITIES

(21,478

)

(410

)

ACCRUALS AND DEFERRED INCOME

(18,634

)

-

NET ASSETS

703,045

566,091

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

702,945

565,991

SHAREHOLDERS' FUNDS

703,045

566,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31st July 2026 and were signed on its behalf by:

D W Smith - Director

1.	STATUTORY INFORMATION

Gallagher Engineering (Hull) Limited 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.

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:

Plant & Machinery - 20% on cost

Motor Vehicles - 25% on cost

Fixture & Fittings - 20% on cost

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st November 2024

227,269

37,947

50,299

315,515

Additions

90,389

2,462

32,000

124,851

Disposals

(56,025

)

-

(7,833

)

(63,858

)

At 31st October 2025

261,633

40,409

74,466

376,508

DEPRECIATION

At 1st November 2024

222,659

34,523

48,233

305,415

Charge for year

10,564

1,537

5,458

17,559

Eliminated on disposal

(56,025

)

-

(7,833

)

(63,858

)

At 31st October 2025

177,198

36,060

45,858

259,116

NET BOOK VALUE

At 31st October 2025

84,435

4,349

28,608

117,392

At 31st October 2024

4,610

3,424

2,066

10,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

461,261

242,262

Amounts owed by group undertakings

476,385

402,500

Other debtors

30,769

6,281

968,415

651,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,279

-

Trade creditors

323,241

128,097

Amounts owed to group undertakings

86,309

8,997

Taxation and social security

131,013

34,458

Other creditors

32,717

21,549

582,559

193,101

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

42,538

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

51,817

-

The hire purchase creditors are secured on certain assets of the company.

9.	OTHER FINANCIAL COMMITMENTS

The company has future property operating lease commitments of £33,000 (2024: £69,000) of which £33,000 (2024: £36,000) falls due for payment within one year.