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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GATE & BARRIER SERVICES LIMITED

GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

GATE & BARRIER SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Ms T J Berry
Mr E T Berry





SECRETARY: Ms T J Berry





REGISTERED OFFICE: 26A West Street
Nottingham
Nottinghamshire
NG15 7BY





REGISTERED NUMBER: 07647167 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,732 14,269
6,732 14,269

CURRENT ASSETS
Stocks 7,859 9,419
Debtors 6 72,046 45,895
Cash at bank 14,403 45,716
94,308 101,030
CREDITORS
Amounts falling due within one year 7 78,853 76,785
NET CURRENT ASSETS 15,455 24,245
TOTAL ASSETS LESS CURRENT LIABILITIES 22,187 38,514

CREDITORS
Amounts falling due after more than one year 8 (20,598 ) (35,436 )

PROVISIONS FOR LIABILITIES (946 ) (2,303 )
NET ASSETS 643 775

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 543 675
643 775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)

BALANCE SHEET - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Ms T J Berry - Director


GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Gate & Barrier Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and Straight line over 3 years

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 Income Statement, 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.

GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 22,500
AMORTISATION
At 1 April 2022
and 31 March 2023 22,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 3,540 1,348 74,980 6,181 86,049
Additions - - - 1,295 1,295
Disposals - - (43,985 ) - (43,985 )
At 31 March 2023 3,540 1,348 30,995 7,476 43,359
DEPRECIATION
At 1 April 2022 1,607 1,348 63,214 5,611 71,780
Charge for year 762 - 7,462 608 8,832
Eliminated on disposal - - (43,985 ) - (43,985 )
At 31 March 2023 2,369 1,348 26,691 6,219 36,627
NET BOOK VALUE
At 31 March 2023 1,171 - 4,304 1,257 6,732
At 31 March 2022 1,933 - 11,766 570 14,269

GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 17,215
DEPRECIATION
At 1 April 2022 8,608
Charge for year 4,303
At 31 March 2023 12,911
NET BOOK VALUE
At 31 March 2023 4,304
At 31 March 2022 8,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 51,234 14,566
Other debtors 4,722 13,600
Directors' current accounts 12,127 12,196
Prepayments 3,963 5,533
72,046 45,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 9,088
Hire purchase contracts 3,926 5,264
Trade creditors 14,412 14,203
Tax 7,805 11,259
Social security and other taxes 2,057 2,357
VAT 20,227 22,338
Other creditors 8,781 1,759
Pension control 740 -
Accruals and deferred income 10,905 10,517
78,853 76,785

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 20,598 31,510
Hire purchase contracts - 3,926
20,598 35,436

GATE & BARRIER SERVICES LIMITED (REGISTERED NUMBER: 07647167)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 3,926 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr E T Berry and Ms T J Berry
Balance outstanding at start of year 12,196 -
Amounts advanced - 12,196
Amounts repaid (69 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,127 12,196

GATE & BARRIER SERVICES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GATE & BARRIER SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................