REGISTERED NUMBER: 04279824 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2026

for

Tom Gallagher Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Gallagher

A Rowland

Mrs C Griffin

Mrs L J Gallagher

REGISTERED OFFICE:

M4 Service and MOT Centre

Westmead Industrial Estate

Westmead

Swindon

Wiltshire

SN5 7YT

REGISTERED NUMBER:

04279824 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

63,037

59,776

Investments

6

2

2

63,039

59,778

CURRENT ASSETS

Stocks

190,454

2,962,034

Debtors

7

2,517,259

2,280,392

Cash at bank and in hand

3,114,919

1,102,282

5,822,632

6,344,708

CREDITORS

Amounts falling due within one year

8

745,460

800,787

NET CURRENT ASSETS

5,077,172

5,543,921

TOTAL ASSETS LESS CURRENT LIABILITIES

5,140,211

5,603,699

PROVISIONS FOR LIABILITIES

19,131

14,736

NET ASSETS

5,121,080

5,588,963

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,120,980

5,588,863

SHAREHOLDERS' FUNDS

5,121,080

5,588,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

T D Gallagher - Director

1.	STATUTORY INFORMATION

Tom Gallagher Group 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.

The financial statement are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Preparation of consolidated financial statements

The company has taken exemption from preparing consolidated financial statements under sections 402 and 405 of the Companies Act 2006 on the basis that the company's subsidiaries are dormant and may be excluded from consolidation as their inclusion is not material for the purpose of giving a true and fair view.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies which are described above, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experiences and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Stock

Significant estimates are involved in the determination of stock provisions. Management exercise significant judgement in determining whether value of a particular stock line is recoverable on a stock line by stock line basis. A provision is made where a loss can be reliably estimated.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation.

Depreciation

Assets are depreciated over their useful economic lives as estimated by management. This initial estimate of an assets useful economic life, although informed by management's analysis of previous assets lives, can have a significant impact on the overall depreciation charge for the year.

Turnover

Turnover is measured at the fair value of consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of vehicles

Turnover from the sale of vehicles and associated income is recognised at the point of sale.

Workshop services and sales

When providing workshop services and sales, turnover is recognised on completion of the service.

Commissions and other income

Commissions and other income is recognised when the related services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Investments in subsidiaries

Investment in subsidiary undertakings are held at cost less accumulated impairment losses.

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 Statement of Income and Retained Earnings, 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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2025

600,000

Disposals

(300,000

)

At 31 July 2026

300,000

AMORTISATION

At 1 August 2025

600,000

Eliminated on disposal

(300,000

)

At 31 July 2026

300,000

NET BOOK VALUE

At 31 July 2026

-

At 31 July 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2025

155,711

31,254

65,040

252,005

Additions

8,784

28,038

-

36,822

Disposals

(42,307

)

(10,258

)

(53,274

)

(105,839

)

At 31 July 2026

122,188

49,034

11,766

182,988

DEPRECIATION

At 1 August 2025

122,056

20,272

49,901

192,229

Charge for year

7,434

7,746

1,140

16,320

Eliminated on disposal

(37,042

)

(9,966

)

(41,590

)

(88,598

)

At 31 July 2026

92,448

18,052

9,451

119,951

NET BOOK VALUE

At 31 July 2026

29,740

30,982

2,315

63,037

At 31 July 2025

33,655

10,982

15,139

59,776

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 August 2025

and 31 July 2026

2

NET BOOK VALUE

At 31 July 2026

2

At 31 July 2025

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

263,694

911,552

Other debtors

1,588,629

1,321,267

Directors' current accounts

576,024

-

Tax

51,608

-

Prepayments

37,304

47,573

2,517,259

2,280,392

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Finance loan

-

8,314

Trade creditors

183,148

268,365

Corporation tax

11,347

266,889

Social security and other taxes

512,727

158,316

Other creditors

7,358

6,768

Directors' current accounts

-

274

Accruals

30,880

91,861

745,460

800,787

Other creditors include outstanding pension contributions of £7,358 (2025: £6,768).

9.	RELATED PARTY DISCLOSURES

Amounts owed by companies under common control

At the balance sheet date Tom Gallagher Group Limited was owed £184,205 (2025: £21,959) by a company under common control. This balance is included within other debtors in note 14 to the financial statements.

Transactions with directors

During the year the company was charged rent of £19,500 (2025: £24,000) for the use of business premises by a director of the company. The rent charges were not conducted on terms equivalent to those that prevail in arm's length transactions as the amounts were below the full market rent for comparable commercial premises.

Transactions with companies controlled by close family members of the ultimate controlling party

At the balance sheet date this company owed the company £1,401,299 (2025: £1,278,703). This balance is repayable on demand, interest free and shown within other debtors in note 15 to the financial statements.

Following sale of the property the company was charged rent of £57,667 (2025: £57,667) for the use of the premises. At the balance sheet date, £39,000 (2025: £39,000) was payable in respect of these charges.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is T D Gallagher.