GALAMAST LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Riverside Accountancy Lancaster Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The board of Directors is required to consider the company's ability to continue as a going concern over a period of at least 12 months from date of approval of the financial statements. The directors have considered all aspects of the current economy and are confident that the company can continue to trade successfully and continue to provide an excellent and reliable service to our customers for the foreseeable future. Even in the current circumstances we have a satisfactory order book from well established customers, and we have a strong balance sheet with a strong liquidity and consistent profits. Thus, we continue to adopt the going concern basis in preparing in financial statements.”

Significant events

• “COVID-19 All our sites are now operational with additional Health and Safety procedures in place. Whilst the risks associated with covid 19 have disappeared there still remains risks from new strains and other virus's and we still maintain a policy of good hygiene whilst on site.”
• “Brexit and the economy The state of the economy and related global activity is an issue which can have a significant impact on our longer term performance and success. We are concerned that the current problems are having a significant impact on the housing sector and we are looking to re-access our projected turnover for the year ending September 2025.”
• “Our policy therefore remains to maintain a strong and liquid balance sheet capable of funding our activities and meeting our obligations as they fall due. Clearly, as a country we are still experiencing the issues associated with the global turndown and this, combined with the uncertainty of the Ukraine/Russia. The housing market has remained stagnant for longer than anticipated but we would reconfirm that our company, with it's strong balance sheet is completely capable of withstanding this lull.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +33.2%

  £55,194,430 → £73,514,222

• Cash

  +13.6%

  £8,872,249 → £10,080,075

• Net assets

  +8.6%

  £24,543,166 → £26,654,614

• Employees

  -8.7%

  184 → 168

• Operating profit

  +148.2%

  £2,493,993 → £6,190,101

• Profit before tax

  +390.7%

  £1,265,232 → £6,208,816

• Wages

  +16.6%

  £9,547,976 → £11,130,708

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers