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REGISTERED NUMBER: 07888135 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gateway 120 Limited

Gateway 120 Limited (Registered number: 07888135)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Gateway 120 Limited (Registered number: 07888135)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 503,193 506,348
Debtors 32,631 83,605
Cash at bank 29,206 25,533
565,030 615,486
CREDITORS
Amounts falling due within one year 12,224 57,904
NET CURRENT ASSETS 552,806 557,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,806

557,582

CREDITORS
Amounts falling due after more than one
year

481,941

500,603
NET ASSETS 70,865 56,979

CAPITAL AND RESERVES
Called up share capital 4 155 155
Retained earnings 70,710 56,824
SHAREHOLDERS' FUNDS 70,865 56,979

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

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

Gateway 120 Limited (Registered number: 07888135)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





Mr Robert William Crayston - Director


Gateway 120 Limited (Registered number: 07888135)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gateway 120 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07888135

Registered office: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

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 represents net invoiced provision of services, excluding value added tax.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2022 - 6 ) .

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
53 Deferred ordinary £0.00 1 - -
154,501 Ordinary £0.00 1 155 155
155 155