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Company Registration No. 09373158 (England and Wales)
GATETECH NORTH EAST LIMITED Unaudited accounts for the year ended 4 January 2023
GATETECH NORTH EAST LIMITED Unaudited accounts Contents
Page
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GATETECH NORTH EAST LIMITED Company Information for the year ended 4 January 2023
Director
Gary Cooper
Company Number
09373158 (England and Wales)
Registered Office
4 GRANGE CLOSE WHITLEY BAY TYNE AND WEAR NE25 9RL UNITED KINGDOM
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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GATETECH NORTH EAST LIMITED Statement of financial position as at 4 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,136 
3,990 
Current assets
Debtors
1,396 
203 
Cash at bank and in hand
12,814 
- 
14,210 
203 
Creditors: amounts falling due within one year
(2,214)
(216)
Net current assets/(liabilities)
11,996 
(13)
Total assets less current liabilities
15,132 
3,977 
Creditors: amounts falling due after more than one year
(15,946)
- 
Net (liabilities)/assets
(814)
3,977 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(914)
3,877 
Shareholders' funds
(814)
3,977 
For the year ending 4 January 2023 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 director acknowledges his 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 and authorised for issue on 29 September 2023 and were signed on its behalf by
Gary Cooper Director Company Registration No. 09373158
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GATETECH NORTH EAST LIMITED Notes to the Accounts for the year ended 4 January 2023
1
Statutory information
GATETECH NORTH EAST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09373158. The registered office is 4 GRANGE CLOSE, WHITLEY BAY, TYNE AND WEAR, NE25 9RL, UNITED KINGDOM.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Straight Line
Turnover
The Director draws attention to the difficult circumstances during this reporting period due to Covid19 restrictions and the subsequent increase in costs and time pressures. These coupled with the onset of CIS and reverse charge VAT effectively choked cash flow and meant the business remained unsustainable. The business remains open yet dormant until several residual matters are attended to, including a balance owed from the CIS account by HMRC and the director previously reported all business lending had been settled however there remained a balance on a bounceback loan being serviced from his private funds. This has been allowed for in this period. The director is not aware of any circumstance which the business will recommence trading but he is keeping the option on the table and under review during the period of settling the residual accounts.
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GATETECH NORTH EAST LIMITED Notes to the Accounts for the year ended 4 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 5 January 2022
4,786 
19,220 
598 
24,604 
At 4 January 2023
4,786 
19,220 
598 
24,604 
Depreciation
At 5 January 2022
3,363 
16,653 
598 
20,614 
Charge for the year
213 
641 
- 
854 
At 4 January 2023
3,576 
17,294 
598 
21,468 
Net book value
At 4 January 2023
1,210 
1,926 
- 
3,136 
At 4 January 2022
1,423 
2,567 
- 
3,990 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
203 
Accrued income and prepayments
1,396 
- 
1,396 
203 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,400 
123 
Taxes and social security
(361)
93 
Accruals
175 
- 
2,214 
216 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,946 
- 
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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