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Company Registration No. NI051724 (Northern Ireland)
George Gallagher Metals Ltd Unaudited accounts for the year ended 30 September 2025
George Gallagher Metals Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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George Gallagher Metals Ltd Company Information for the year ended 30 September 2025
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
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Accountants' report to the Board of Directors on the unaudited financial statements of George Gallagher Metals Ltd for the year ended 30 September 2025
In accordance with our engagement letter dated 1 June 2026, 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 2025 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 6 August 2026
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George Gallagher Metals Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
260,725
286,868
Investments
5
99,323
99,323
360,048
386,191
Current assets
Debtors
6
10,000
157,833
Cash at bank and in hand
299,029
142,488
309,029
300,321
Creditors: amounts falling due within one year
7
(89,152)
(67,381)
Net current assets
219,877
232,940
Total assets less current liabilities
579,925
619,131
Provisions for liabilities
Deferred tax
(44,572)
(44,572)
Net assets
535,353
574,559
Capital and reserves
Called up share capital
200
200
Profit and loss account
535,153
574,359
Shareholders' funds
535,353
574,559
For the year ending 30 September 2025 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 6 August 2026 and were signed on its behalf by
Laura Edith Gallagher Director Company Registration No. NI051724
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George Gallagher Metals Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 2024
124,771
1,189,891
45,821
56,921
1,417,404
Additions
-
6,300
-
-
6,300
At 30 September 2025
124,771
1,196,191
45,821
56,921
1,423,704
Depreciation
At 1 October 2024
37,588
1,004,129
33,502
55,317
1,130,536
Charge for the year
1,794
27,864
2,464
321
32,443
At 30 September 2025
39,382
1,031,993
35,966
55,638
1,162,979
Net book value
At 30 September 2025
85,389
164,198
9,855
1,283
260,725
At 30 September 2024
87,183
185,762
12,319
1,604
286,868
5
Investments
Other investments
£
Valuation at 1 October 2024
99,323
Valuation at 30 September 2025
99,323
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George Gallagher Metals Ltd Notes to the Accounts for the year ended 30 September 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
8,880
Accrued income and prepayments
-
3,953
Other debtors
10,000
145,000
10,000
157,833
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,446
194
VAT
1,920
4,606
Taxes and social security
-
119
Loans from directors
78,851
58,512
Accruals
1,935
3,950
89,152
67,381
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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