Company Registration No. 08758924 (England and Wales)
Gates Logic Technologies Ltd
Unaudited accounts
for the year ended 30 November 2023
Gates Logic Technologies Ltd
Unaudited accounts
Contents
Gates Logic Technologies Ltd
Company Information
for the year ended 30 November 2023
Director
Mr Olakunle Akintunde
Company Number
08758924 (England and Wales)
Registered Office
63 TO 66 HATTON GARDEN
5TH FLOOR, SUITE 23
LONDON
EC1N 8LE
ENGLAND
Gates Logic Technologies Ltd
Statement of financial position
as at 30 November 2023
Called up share capital not paid
(1,000)
(1,000)
Tangible assets
8,550
11,725
Creditors: amounts falling due within one year
(2,976)
(2,400)
Net current liabilities
(2,976)
(2,400)
Total assets less current liabilities
4,574
8,325
Creditors: amounts falling due after more than one year
(13,875)
(6,775)
Net (liabilities)/assets
(9,301)
1,550
Capital redemption reserve
-
6,496
Profit and loss account
(9,301)
(4,946)
Shareholders' funds
(9,301)
1,550
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr Olakunle Akintunde
Director
Company Registration No. 08758924
Gates Logic Technologies Ltd
Notes to the Accounts
for the year ended 30 November 2023
Gates Logic Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08758924. The registered office is 63 TO 66 HATTON GARDEN, 5TH FLOOR, SUITE 23, LONDON, EC1N 8LE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
11,000
3,900
14,900
At 30 November 2023
11,000
3,900
14,900
At 1 December 2022
2,200
975
3,175
Charge for the year
2,200
975
3,175
At 30 November 2023
4,400
1,950
6,350
At 30 November 2023
6,600
1,950
8,550
At 30 November 2022
8,800
2,925
11,725
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,976
2,400
Gates Logic Technologies Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).