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REGISTERED NUMBER: 01296482 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ETONGATE LIMITED

ETONGATE LIMITED (REGISTERED NUMBER: 01296482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETONGATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs G I Gale
P Gale





SECRETARY: Mrs G I Gale





REGISTERED OFFICE: 18 Bridge Street
Llangollen
Denbighshire
LL20 8PF





REGISTERED NUMBER: 01296482 (England and Wales)





ACCOUNTANTS: GODFREY EDWARDS
Park Lodge
Rhosddu Road
Wrexham
WREXHAM
LL11 1NF

ETONGATE LIMITED (REGISTERED NUMBER: 01296482)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 533,462 535,685

CURRENT ASSETS
Stocks 34,000 34,000
Debtors 5 4,382 3,719
Cash at bank and in hand 27,618 42,452
66,000 80,171
CREDITORS
Amounts falling due within one year 6 238,079 238,174
NET CURRENT LIABILITIES (172,079 ) (158,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,383

377,682

CREDITORS
Amounts falling due after more than one
year

7

(172,600

)

(182,307

)

PROVISIONS FOR LIABILITIES (14,660 ) (14,660 )
NET ASSETS 174,123 180,715

CAPITAL AND RESERVES
Called up share capital 160 160
Revaluation reserve 9 316,127 316,127
Capital redemption reserve 40 40
Retained earnings (142,204 ) (135,612 )
174,123 180,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ETONGATE LIMITED (REGISTERED NUMBER: 01296482)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





P Gale - Director


ETONGATE LIMITED (REGISTERED NUMBER: 01296482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Etongate 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, 15% on cost and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 31 ) .

ETONGATE LIMITED (REGISTERED NUMBER: 01296482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 450,000 245,989 695,989
Additions - 6,500 6,500
At 30 September 2023 450,000 252,489 702,489
DEPRECIATION
At 1 October 2022 - 160,304 160,304
Charge for year - 8,723 8,723
At 30 September 2023 - 169,027 169,027
NET BOOK VALUE
At 30 September 2023 450,000 83,462 533,462
At 30 September 2022 450,000 85,685 535,685

Land & Buildings have an original historical cost of £133,873 (2022
£133,873)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,382 3,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,840 26,840
Trade creditors 16,050 33,084
Taxation and social security 17,811 16,574
Other creditors 177,378 161,676
238,079 238,174

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 172,600 182,307

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,386 86,093

ETONGATE LIMITED (REGISTERED NUMBER: 01296482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 199,440 209,147

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 316,127

10. RELATED PARTY DISCLOSURES

The company is controlled by its directors. Other creditors includes a sum of £172,778 (2022 £156,474) due to the directors.