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REGISTERED NUMBER: 08606459 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

GATEWAY EDUCATION (LONDON) LIMITED

GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GATEWAY EDUCATION (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Md Ferdous Ahmed





REGISTERED OFFICE: 40 Bank Street
Level 18
Canary Wharf
London
E14 5NR





REGISTERED NUMBER: 08606459 (England and Wales)





ACCOUNTANTS: Stan Lee Accountancy Ltd (T/A: The Stan Lee)
Chartered Certified Accountants
40 Bank Street, 18th Floor
Canary Wharf
London
E14 5NR

GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,868 28,555

CURRENT ASSETS
Debtors 5 8,000 50,027
Cash at bank 443,205 400,110
451,205 450,137
CREDITORS
Amounts falling due within one year 6 41,098 120,817
NET CURRENT ASSETS 410,107 329,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,975

357,875

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 8 433,965 357,865
SHAREHOLDERS' FUNDS 433,975 357,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





Md Ferdous Ahmed - Director


GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Gateway Education (London) 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 and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s principal activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Going concern
No material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern have been indentified by the director.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 14,529 17,024 53,121 84,674
DEPRECIATION
At 1 August 2022 10,195 12,984 32,940 56,119
Charge for year 650 1,010 3,027 4,687
At 31 July 2023 10,845 13,994 35,967 60,806
NET BOOK VALUE
At 31 July 2023 3,684 3,030 17,154 23,868
At 31 July 2022 4,334 4,040 20,181 28,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,000 27,524
Rent deposit - 22,503
8,000 50,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 62,684
Tax 32,880 20,715
Social security and other taxes 18 1,831
Other creditors 2,197 23,550
Net wages control 2,313 4,639
Directors' current accounts - 3,798
Accrued expenses 3,690 3,600
41,098 120,817

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 ORDINARY £1 10 10

GATEWAY EDUCATION (LONDON) LIMITED (REGISTERED NUMBER: 08606459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. RESERVES
Retained
earnings
£   

At 1 August 2022 357,865
Profit for the year 120,100
Dividends (44,000 )
At 31 July 2023 433,965

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the current and previous years, the Company was under the control of its director, Mr M F Ahmed and his family, by the virtue of their ownership of the entire issued share capital of the Company.

At the balance sheet date, the company owed its director £nil (2022 : £3,798). The loan carries no interest and is repayable in full at short notice on demand.

During the financial year, the company paid the dividends of £44,000 (2022 : £20,000) to its shareholders.