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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
Page
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Gates Rankin Ltd Company Information for the year ended 30 September 2023
Director
Cavan Mcdonald
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
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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
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Gates Rankin Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,742 
2,614 
Current assets
Debtors
4,001 
8,040 
Cash at bank and in hand
51,565 
32,614 
55,566 
40,654 
Creditors: amounts falling due within one year
(57,208)
(25,140)
Net current (liabilities)/assets
(1,642)
15,514 
Net assets
100 
18,128 
Capital and reserves
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
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Gates Rankin Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
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:
Fixtures & fittings
10% Straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2022
8,716 
At 30 September 2023
8,716 
Depreciation
At 1 October 2022
6,102 
Charge for the year
872 
At 30 September 2023
6,974 
Net book value
At 30 September 2023
1,742 
At 30 September 2022
2,614 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
192 
Trade debtors
4,001 
7,848 
4,001 
8,040 
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Gates Rankin Ltd Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
148 
- 
Taxes and social security
1,902 
2,378 
Loans from directors
53,965 
21,794 
Accruals
1,193 
968 
57,208 
25,140 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Cavan Mcdonald
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).
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