ACCOUNTS - Final Accounts

Registered number: 01478971

DANIEL GALVIN PRODUCT DIVISION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

DANIEL GALVIN PRODUCT DIVISION LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 5

DANIEL GALVIN PRODUCT DIVISION LIMITED

REGISTERED NUMBER: 01478971

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	167,394		150,485
Cash at bank and in hand	5	70,601		77,719
		237,995		228,204
Creditors: amounts falling due within one year	6	(66,103)		(64,016)
Net current assets			171,892		164,188
Total assets less current liabilities			171,892		164,188

Net assets			171,892		164,188

Capital and reserves
Called up share capital	7	120	120
Share premium account		9,994	9,994
Profit and loss account		161,778	154,074
		171,892	164,188

DANIEL GALVIN PRODUCT DIVISION LIMITED

REGISTERED NUMBER: 01478971

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D W J Galvin

Director

Date: 27 July 2026

DANIEL GALVIN PRODUCT DIVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Daniel Galvin Product Division Limited is a private company, limited by shares, domiciled in England and Wales, registration number 01478971. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, United Kingdom, W1W 8BE.

The principal activity of the company continued to be the wholesale and retail of hairdressing products and the provision of consultancy services in respect of hairdressing products.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Revenue is recognised when the performance obligation has been satisfied. Revenue from salon services is recognised when the treatment or service has been completed. Revenue from the sale of hair care products is recognised at the point of sale.

DANIEL GALVIN PRODUCT DIVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Debtors

					2025	2024
					£	£


Other debtors	56,155	55,915
Prepayments and accrued income	111,239	94,570
	167,394	150,485

DANIEL GALVIN PRODUCT DIVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank	70,601	77,719

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	1,807	1,768
Other taxation and social security	-	93
Other creditors	59,402	57,353
Accruals and deferred income	4,894	4,802
	66,103	64,016

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

120 Ordinary shares of £1.00 each	120	120

8.	Related party transactions
	Included within other creditors at the year end is an amount of £59,402 (2024: £57,353) due to a company under common control. The balance is unsecured, interest-free and repayable on demand. Included within other debtors at the year end is an amount of £55,915 (2024: £55,915) due from a company under common control. The balance is unsecured, interest-free and repayable on demand.