Company Registration No. 08685472 (England and Wales)
Gates Rankin Ltd
Unaudited accounts
for the year ended 30 September 2023
Gates Rankin Ltd
Unaudited accounts
Contents
Gates Rankin Ltd
Company Information
for the year ended 30 September 2023
Company Number
08685472 (England and Wales)
Registered Office
38 Gurney Court Road
St. Albans
AL1 4RL
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Gates Rankin Ltd
Accountants' report
Accountants' report to the director of Gates Rankin Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gates Rankin Ltd for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gates Rankin Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gates Rankin Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gates Rankin Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gates Rankin Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gates Rankin Ltd. You consider that Gates Rankin Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gates Rankin Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
9 February 2024
Gates Rankin Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
1,742
2,614
Cash at bank and in hand
51,565
32,614
Creditors: amounts falling due within one year
(57,208)
(25,140)
Net current (liabilities)/assets
(1,642)
15,514
Called up share capital
100
100
Profit and loss account
-
18,028
Shareholders' funds
100
18,128
For the year ending 30 September 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 9 February 2024 and were signed on its behalf by
Cavan Mcdonald
Director
Company Registration No. 08685472
Gates Rankin Ltd
Notes to the Accounts
for the year ended 30 September 2023
Gates Rankin Ltd is a private company, limited by shares, registered in England and Wales, registration number 08685472. The registered office is 38 Gurney Court Road, St. Albans, AL1 4RL .
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
10% Straight line
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2023
8,716
At 30 September 2023
6,974
At 30 September 2023
1,742
At 30 September 2022
2,614
Amounts falling due within one year
Gates Rankin Ltd
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,902
2,378
Loans from directors
53,965
21,794
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(21,794)
(93,312)
(61,141)
(53,965)
(21,794)
(93,312)
(61,141)
(53,965)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).