REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2021 |
for |
ELECTRIC GATE CENTRE LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2021 |
for |
ELECTRIC GATE CENTRE LIMITED |
ELECTRIC GATE CENTRE LIMITED (REGISTERED NUMBER: 02624904) |
Contents of the Financial Statements |
for the year ended 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ELECTRIC GATE CENTRE LIMITED |
Company Information |
for the year ended 31 DECEMBER 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thistledown Barn |
Holcot Lane |
Sywell |
Northampton |
Northamptonshire |
NN6 0BG |
ELECTRIC GATE CENTRE LIMITED (REGISTERED NUMBER: 02624904) |
Abridged Balance Sheet |
31 DECEMBER 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
ELECTRIC GATE CENTRE LIMITED (REGISTERED NUMBER: 02624904) |
Abridged Balance Sheet - continued |
31 DECEMBER 2021 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ELECTRIC GATE CENTRE LIMITED (REGISTERED NUMBER: 02624904) |
Notes to the Financial Statements |
for the year ended 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Electric Gate Centre Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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. |
Going concern |
The Directors have noted the negative reserves at the balance sheet date. The accounts have been prepared on a going concern basis. In deciding to prepare the accounts on this basis, the Directors have taken account of the continued financial support they and the connected companies are providing to the Company. |
3. | EMPLOYEES |
The average number of employees during the year was |
ELECTRIC GATE CENTRE LIMITED (REGISTERED NUMBER: 02624904) |
Notes to the Financial Statements - continued |
for the year ended 31 DECEMBER 2021 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2021 |
Additions |
At 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1 January 2021 | 13,750 |
Transfer to ownership | (13,750 | ) |
At 31 December 2021 | - |
DEPRECIATION |
At 1 January 2021 | 9,037 |
Charge for year | 1,178 |
Transfer to ownership | (10,215 | ) |
At 31 December 2021 | - |
NET BOOK VALUE |
At 31 December 2021 | - |
At 31 December 2020 | 4,713 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Hire purchase contracts | - | 312 |
The hire purchase creditor is secured on the assets to which they relate. |
ELECTRIC GATE CENTRE LIMITED (REGISTERED NUMBER: 02624904) |
Notes to the Financial Statements - continued |
for the year ended 31 DECEMBER 2021 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary | £1 | 25 | 25 |
B Ordinary | 1p | 30 | 30 |
C Ordinary | £1 | 13 | 13 |
D Ordinary | £1 | 12 | 12 |
80 | 80 |