Registration number: 03421994

Gallotech Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Gallotech Limited

(Registration number: 03421994)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Tangible assets	4		1,866		1,673
Current assets
Stocks	5	6,739		18,763
Debtors	6	90,088		12,721
Cash at bank and in hand		284,445		327,322
		381,272		358,806
Creditors: Amounts falling due within one year	7	(26,419)		(26,196)
Net current assets			354,853		332,610
Total assets less current liabilities			356,719		334,283
Provisions for liabilities			1,246		1,106
Net assets			357,965		335,389
Capital and reserves
Called up share capital	8	1		1
Profit and loss account		357,964		335,388
Total equity			357,965		335,389

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2026 and signed on its behalf by:
 

......................................... Mrs S. L. Plummer Director

Gallotech Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Simons Close
Strensall
York
YO32 5AX

These financial statements were authorised for issue by the Board on 23 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Gallotech Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% Reducing balance
Office equipment	25% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Gallotech Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2025	3,559	3,559
Additions	1,124	1,124
At 31 March 2026	4,683	4,683
Depreciation
At 1 April 2025	1,886	1,886
Charge for the year	931	931
At 31 March 2026	2,817	2,817
Carrying amount
At 31 March 2026	1,866	1,866
At 31 March 2025	1,673	1,673

5

Stocks

	2026 £	2025 £
Other inventories	6,739	18,763

6

Debtors

Debtors: amounts falling due within one year	2026 £	2025 £
Trade debtors	24,027	12,721
Other debtors	66,061	-
	90,088	12,721

Other debtors include an advance to Mrs S.L. Plummer, a director of the company in the amount of £65,953 (2025 £nil). The advance is subject to interest at the HMRC official rate, unsecured and repayable on demand. The loan was repaid to the company after the year end.

Gallotech Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Trade creditors	389	1,475
Taxation and social security	24,130	17,821
Other creditors	1,900	6,900
	26,419	26,196

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1