Registration number:
Gatherer Systems Ltd
for the Year Ended 31 March 2024
Gatherer Systems Ltd
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Gatherer Systems Ltd
Company Information
Directors |
Mr Jon Malvern Mr Donald William Gatherer Dr Angus Prideaux Perry |
Registered office |
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Accountants |
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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
Directors of the company
The directors who held office during the year were as follows:
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
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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.
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Certified Accountant
Main Gate Road
Chatham
Kent
ME4 4TZ
Gatherer Systems Ltd
Profit and Loss Account for the Year Ended 31 March 2024
2024 |
2023 |
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Turnover |
|
|
Cost of raw materials and consumables |
( |
( |
Staff costs |
( |
( |
Depreciation and other amounts written off assets |
( |
( |
Other charges |
(27,630) |
(30,682) |
(Loss)/profit for the year |
( |
|
Gatherer Systems Ltd
(Registration number: 08264995)
Balance Sheet as at 31 March 2024
2024 |
2023 |
|
Fixed assets |
|
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Current assets |
|
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Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
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|
Creditors: Amounts falling due after more than one year |
( |
( |
( |
( |
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Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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).
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Gatherer Systems Ltd
(Registration number: 08264995)
Balance Sheet as at 31 March 2024
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 April 2023 |
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Additions acquired separately |
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At 31 March 2024 |
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Amortisation |
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At 1 April 2023 |
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Amortisation charge |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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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
Tangible assets |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 April 2023 |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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Creditors |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Redeemable preference shares |
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- |
Gatherer Systems Ltd
(Registration number: 08264995)
Balance Sheet as at 31 March 2024
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:
• |
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• |
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
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Gatherer Systems Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2024
2024 |
2023 |
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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 |
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Analyser, Harness and related income |
53,946 |
67,064 |
Cost of sales |
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Purchases |
(23,723) |
(20,439) |
Depreciation of plant and machinery |
(211) |
(748) |
(23,934) |
(21,187) |
Distribution costs |
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Hire of other assets (Operating leases) |
- |
(140) |
Employment costs |
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Travelling |
(111) |
(67) |
Establishment costs |
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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 |
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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 |
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Bank charges |
(103) |
(102) |
Depreciation costs |
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Amortisation of intangible assets |
(11,877) |
(11,175) |