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REGISTERED NUMBER: 03999303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

AUTOGATE SERVICES & INSTALLATION LTD.

AUTOGATE SERVICES & INSTALLATION LTD. (REGISTERED NUMBER: 03999303)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOGATE SERVICES & INSTALLATION LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W Baron
M Baron





SECRETARY: M Baron





REGISTERED OFFICE: Unit 14 Wyndmere Park
Ashwell Road
Steeple Morden
Royston
Hertfordshire
SG8 0NZ





REGISTERED NUMBER: 03999303 (England and Wales)





ACCOUNTANTS: Liric Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

AUTOGATE SERVICES & INSTALLATION LTD. (REGISTERED NUMBER: 03999303)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 300,707 275,376
300,707 275,376

CURRENT ASSETS
Stocks 160,979 176,286
Debtors 6 130,816 175,144
Cash at bank 117,812 88,468
409,607 439,898
CREDITORS
Amounts falling due within one year 7 623,219 655,078
NET CURRENT LIABILITIES (213,612 ) (215,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,095

60,196

CREDITORS
Amounts falling due after more than one
year

8

102,269

102,050
NET LIABILITIES (15,174 ) (41,854 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (16,174 ) (42,854 )
(15,174 ) (41,854 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

AUTOGATE SERVICES & INSTALLATION LTD. (REGISTERED NUMBER: 03999303)

BALANCE SHEET - continued
30 JUNE 2024


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 18 September 2024 and were signed on its behalf by:




W Baron - Director



M Baron - Director


AUTOGATE SERVICES & INSTALLATION LTD. (REGISTERED NUMBER: 03999303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Autogate Services & Installation Ltd. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

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.

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.


AUTOGATE SERVICES & INSTALLATION LTD. (REGISTERED NUMBER: 03999303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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 31 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 36,000
AMORTISATION
At 1 July 2023
and 30 June 2024 36,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

AUTOGATE SERVICES & INSTALLATION LTD. (REGISTERED NUMBER: 03999303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 559,822
Additions 142,808
Disposals (80,056 )
At 30 June 2024 622,574
DEPRECIATION
At 1 July 2023 284,446
Charge for year 77,284
Eliminated on disposal (39,863 )
At 30 June 2024 321,867
NET BOOK VALUE
At 30 June 2024 300,707
At 30 June 2023 275,376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 127,723 173,769
Other debtors 3,093 1,375
130,816 175,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 18,982 10,648
Hire purchase contracts 55,431 42,316
Trade creditors 180,025 244,539
Taxation and social security 84,242 127,348
Other creditors 284,539 230,227
623,219 655,078

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 49,690 24,163
Hire purchase contracts 52,579 77,887
102,269 102,050