ELECTRIC GATE SPECIALISTS LIMITED

Company Registration Number:
14223132 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

ELECTRIC GATE SPECIALISTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ELECTRIC GATE SPECIALISTS LIMITED

Company Information

for the Period Ended 31 July 2024




Director: Kerrie Boyd
Registered office: 35
35 Lindley Street
Scunthorpe
North Lincolnshire
GBR
DN16 2SG
Company Registration Number: 14223132 (England and Wales)

ELECTRIC GATE SPECIALISTS LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

Gate automation installation, servicing and call outs.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
Kerrie Boyd

This report was approved by the board of directors on 20 September 2024
And Signed On Behalf Of The Board By:

Name: Kerrie Boyd
Status: Director

ELECTRIC GATE SPECIALISTS LIMITED

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Turnover 63,446 48,195
Cost of sales ( 44,529 ) ( 33,208 )
Gross Profit or (Loss) 18,917 14,987
Distribution Costs ( 12,958 ) ( 10,042 )
Administrative Expenses ( 5,579 ) ( 8,909 )
Operating Profit or (Loss) 380 ( 3,964 )
Interest Payable and Similar Charges ( 60 ) ( 45 )
Profit or (Loss) Before Tax 320 ( 4,009 )
Tax on Profit ( 64 ) -
Profit or (Loss) for Period 256 ( 4,009 )

The notes form part of these financial statements

ELECTRIC GATE SPECIALISTS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Fixed assets
Tangible assets: 4 2,623 3,125
Total fixed assets: 2,623 3,125
Current assets
Debtors: 5 4,462 685
Cash at bank and in hand: 1,275 417
Total current assets: 5,737 1,102
Creditors: amounts falling due within one year: 6 ( 12,112 ) ( 8,235 )
Net current assets (liabilities): ( 6,375 ) ( 7,133 )
Total assets less current liabilities: ( 3,752 ) ( 4,008 )
Total net assets (liabilities): ( 3,752 ) ( 4,008 )

The notes form part of these financial statements

ELECTRIC GATE SPECIALISTS LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 7 ( 3,753 ) ( 4,009 )
Shareholders funds: ( 3,752 ) ( 4,008 )

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 September 2024
And Signed On Behalf Of The Board By:

Name: Kerrie Boyd
Status: Director

The notes form part of these financial statements

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024
    13 months to
    31 Jul 2023
    Average number of employees during the period 2 4

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 August 2023 235 2,890 3,125
Additions 492 2,650 3,142
Disposals - ( 2,890 ) ( 2,890 )
Revaluations - - -
Transfers - - -
At 31 July 2024 727 2,650 3,377
Depreciation
At 01 August 2023 - - -
Charge for year 117 637 754
On disposals - - -
Other adjustments - - -
At 31 July 2024 117 637 754
Net book value
At 31 July 2024 610 2,013 2,623
At 31 July 2023 235 2,890 3,125

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors


2024
£
13 months to
31 Jul 2023
£
Trade debtors 2,743 685
Other debtors 1,719
Total 4,462 685

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due within one year note


2024
£
13 months to
31 Jul 2023
£
Trade creditors 1,059 2,607
Other creditors 11,053 5,628
Total 12,112 8,235

ELECTRIC GATE SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Revaluation reserve


2024
£
Balance at 01 August 2023 ( 4,009 )
Surplus or deficit after revaluation 256
Balance at 31 July 2024 ( 3,753 )