Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11492170 J N Smit Exceed Cosec Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11492170 2022-07-31 11492170 2023-07-31 11492170 2022-08-01 2023-07-31 11492170 frs-core:CurrentFinancialInstruments 2023-07-31 11492170 frs-core:Non-currentFinancialInstruments 2023-07-31 11492170 frs-core:ShareCapital 2023-07-31 11492170 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11492170 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11492170 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11492170 frs-bus:SmallEntities 2022-08-01 2023-07-31 11492170 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11492170 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11492170 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 11492170 frs-bus:OrdinaryShareClass1 2023-07-31 11492170 frs-bus:Director1 2022-08-01 2023-07-31 11492170 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 11492170 frs-countries:EnglandWales 2022-08-01 2023-07-31 11492170 2021-07-31 11492170 2022-07-31 11492170 2021-08-01 2022-07-31 11492170 frs-core:CurrentFinancialInstruments 2022-07-31 11492170 frs-core:Non-currentFinancialInstruments 2022-07-31 11492170 frs-core:ShareCapital 2022-07-31 11492170 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 11492170 frs-bus:OrdinaryShareClass1 2021-08-01 2022-07-31
Registered number: 11492170
Gateway Special Vehicles Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11492170
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 280,159 225,920
280,159 225,920
Creditors: Amounts Falling Due Within One Year 3 (1,972 ) (1,707 )
NET CURRENT ASSETS (LIABILITIES) 278,187 224,213
TOTAL ASSETS LESS CURRENT LIABILITIES 278,187 224,213
Creditors: Amounts Falling Due After More Than One Year 4 (276,184 ) (223,035 )
NET ASSETS 2,003 1,178
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 2,002 1,177
SHAREHOLDERS' FUNDS 2,003 1,178
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J N Smit
Director
12/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
1.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 292 99
Accruals and deferred income 1,680 1,608
1,972 1,707
4. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 9,528 10,378
Amounts owed to group undertakings 266,656 212,657
276,184 223,035
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5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Value Number 2023 2022
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 1 1 1
6. Related Party Transactions
At the balance sheet date, included within creditors due after more than one year, is an amount of £9,528 (2022 - £10,378) owed to the director J N Smit. This loan is interest free, of no fixed term and repayable on demand.
Included under creditors more than 1 year is an amount of £266,657 (2022 - £212,657) due to Intercompany Gateway Offroad SA (CC).
The controlling party is the company director by virtue of his shareholding.
7. General Information
Gateway Special Vehicles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11492170 . The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
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