Gatherer Systems Ltd 08264995 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Design and Manufacture of physical medicine, rehabilitation & gymnasium equipment. Digita Accounts Production Advanced 6.30.9574.0 true 08264995 2023-04-01 2024-03-31 08264995 2024-03-31 08264995 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08264995 core:Non-currentFinancialInstruments 2024-03-31 08264995 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08264995 core:OtherResidualIntangibleAssets 2024-03-31 08264995 core:OtherPropertyPlantEquipment 2024-03-31 08264995 bus:Micro-entities 2023-04-01 2024-03-31 08264995 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08264995 bus:FullAccounts 2023-04-01 2024-03-31 08264995 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08264995 bus:RegisteredOffice 2023-04-01 2024-03-31 08264995 bus:Director1 2023-04-01 2024-03-31 08264995 bus:Director2 2023-04-01 2024-03-31 08264995 bus:Director3 2023-04-01 2024-03-31 08264995 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08264995 bus:Agent1 2023-04-01 2024-03-31 08264995 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 08264995 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08264995 countries:England 2023-04-01 2024-03-31 08264995 2023-03-31 08264995 core:OtherResidualIntangibleAssets 2023-03-31 08264995 core:OtherPropertyPlantEquipment 2023-03-31 08264995 2022-04-01 2023-03-31 08264995 2023-03-31 08264995 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08264995 core:Non-currentFinancialInstruments 2023-03-31 08264995 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08264995 core:OtherResidualIntangibleAssets 2023-03-31 08264995 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08264995

Gatherer Systems Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Gatherer Systems Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5 to 8

Notes to the Unaudited Financial Statements

5

Detailed Profit and Loss Account

9 to 10

 

Gatherer Systems Ltd

Company Information

Directors

Mr Jon Malvern

Mr Donald William Gatherer

Dr Angus Prideaux Perry

Registered office

61 Whiting Street,
Bury St Edmunds,
Suffolk,
IP33 1NP

Accountants

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

 

Gatherer Systems Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Incorporation

The company was incorporated on 23 October 2012.

Directors of the company

The directors who held office during the year were as follows:

Mr Jon Malvern

Mr Donald William Gatherer

Dr Angus Prideaux Perry

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 August 2024 and signed on its behalf by:
 

.........................................
Mr Donald William Gatherer
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gatherer Systems Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gatherer Systems Ltd for the year ended 31 March 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Gatherer Systems Ltd, as a body, in accordance with the terms of our engagement letter dated 1 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of Gatherer Systems Ltd and state those matters that we have agreed to state to the Board of Directors of Gatherer Systems Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gatherer Systems Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gatherer Systems 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 loss of Gatherer Systems Ltd. You consider that Gatherer Systems 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 Gatherer Systems 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.

......................................

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

12 August 2024

 

Gatherer Systems Ltd

Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

Turnover

53,946

67,064

Cost of raw materials and consumables

(23,723)

(20,439)

Staff costs

(111)

(67)

Depreciation and other amounts written off assets

(12,088)

(11,923)

Other charges

(27,630)

(30,682)

(Loss)/profit for the year

(9,606)

3,953

 

Gatherer Systems Ltd

(Registration number: 08264995)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

146,127

144,178

Current assets

17,834

26,478

Creditors: Amounts falling due within one year

(88,181)

(88,365)

Net current liabilities

(70,347)

(61,887)

Total assets less current liabilities

75,780

82,291

Creditors: Amounts falling due after more than one year

(252,500)

(250,000)

 

(176,720)

(167,709)

Capital and reserves

(176,720)

(167,709)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
61 Whiting Street,
Bury St Edmunds,
Suffolk,
IP33 1NP
England

These financial statements were authorised for issue by the Board on 12 August 2024.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Gatherer Systems Ltd

(Registration number: 08264995)
Balance Sheet as at 31 March 2024

3

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2023

223,491

223,491

Additions acquired separately

14,037

14,037

At 31 March 2024

237,528

237,528

Amortisation

At 1 April 2023

79,735

79,735

Amortisation charge

11,877

11,877

At 31 March 2024

91,612

91,612

Carrying amount

At 31 March 2024

145,916

145,916

At 31 March 2023

143,755

143,755

Amortisation is calculated at 5% on Patent items as indicated on the balance sheet on a straight line basis. No R & D expenditure is recognised as an expense during the period.

The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2023 - £Nil).
 

 

Gatherer Systems Ltd

(Registration number: 08264995)
Balance Sheet as at 31 March 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

2,244

2,244

At 31 March 2024

2,244

2,244

Depreciation

At 1 April 2023

1,822

1,822

Charge for the year

211

211

At 31 March 2024

2,033

2,033

Carrying amount

At 31 March 2024

211

211

At 31 March 2023

423

423

5

Debtors

2024
£

2023
£

Trade debtors

902

10,537

Other debtors

3,467

1,961

4,369

12,498

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

8,016

5,575

Other creditors

80,165

82,790

88,181

88,365

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Redeemable preference shares

202,500

-

 

Gatherer Systems Ltd

(Registration number: 08264995)
Balance Sheet as at 31 March 2024

8

Dividends

Cumulative dividend arrears

There are £2,500 (2023 - £Nil) fixed cumulative dividends in arrears in relation to Redeemable Preference Shares which were due on 30 June 2024.

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.

Approved and authorised by the Board on 12 August 2024 and signed on its behalf by:
 

.........................................
Mr Donald William Gatherer
Director

 

Gatherer Systems Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
 £

2023
 £

Turnover (analysed below)

53,946

67,064

Cost of sales (analysed below)

(23,934)

(21,187)

Gross profit

30,012

45,877

Gross profit (%)

55.63%

68.41%

Distribution costs (analysed below)

-

(140)

Administrative expenses

Employment costs (analysed below)

(111)

(67)

Establishment costs (analysed below)

(9,262)

(11,618)

General administrative expenses (analysed below)

(18,265)

(18,822)

Finance charges (analysed below)

(103)

(102)

Depreciation costs (analysed below)

(11,877)

(11,175)

(39,618)

(41,784)

Operating (loss)/profit

(9,606)

3,953

(Loss)/profit before tax

(9,606)

3,953

 

Gatherer Systems Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

   

Turnover

Analyser, Harness and related income

53,946

67,064

   

Cost of sales

Purchases

(23,723)

(20,439)

Depreciation of plant and machinery

(211)

(748)

(23,934)

(21,187)

   

Distribution costs

Hire of other assets (Operating leases)

-

(140)

   

Employment costs

Travelling

(111)

(67)

   

Establishment costs

Rent

(4,515)

(6,715)

Insurance

(223)

(479)

Repairs and maintenance

(23)

(3)

Equipment repairs and renewals

(4,501)

(4,421)

(9,262)

(11,618)

   

General administrative expenses

Telephone, nternet,Licences

(316)

(560)

Computer software and maintenance costs

(439)

(299)

Printing, postage and stationery

(495)

(512)

Courier services

(6,352)

(6,542)

Trade subscriptions

(3,348)

(2,391)

Sundry expenses

-

(64)

Motor expenses

(154)

(122)

Advertising

-

(250)

Customer entertaining (disallowable for tax)

-

(249)

Accountancy fees

(2,515)

(4,334)

Consultancy fees

(489)

(1,050)

Legal and professional fees

(4,157)

(2,449)

(18,265)

(18,822)

   

Finance charges

Bank charges

(103)

(102)

   

Depreciation costs

Amortisation of intangible assets

(11,877)

(11,175)