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Company Registration No. 08097895 (England and Wales)
Gatetracker Ltd Unaudited accounts for the year ended 30 June 2024
Gatetracker Ltd Unaudited accounts Contents
Page
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Gatetracker Ltd Company Information for the year ended 30 June 2024
Director
Mr Neil Sampson
Company Number
08097895 (England and Wales)
Registered Office
The Packhouse Heath Road Boughton Monchelsea Maidstone Kent ME17 4JB
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Gatetracker Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,140 
8,160 
Tangible assets
78 
2,345 
7,218 
10,505 
Current assets
Inventories
12,395 
12,985 
Debtors
2,122 
- 
Cash at bank and in hand
3,551 
3,907 
18,068 
16,892 
Creditors: amounts falling due within one year
(30,162)
(32,830)
Net current liabilities
(12,094)
(15,938)
Net liabilities
(4,876)
(5,433)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,976)
(5,533)
Shareholders' funds
(4,876)
(5,433)
For the year ending 30 June 2024 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 10 July 2024 and were signed on its behalf by
Mr Neil Sampson Director Company Registration No. 08097895
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Gatetracker Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Gatetracker Ltd is a private company, limited by shares, registered in England and Wales, registration number 08097895. The registered office is The Packhouse, Heath Road, Boughton Monchelsea, Maidstone Kent, ME17 4JB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Gatetracker Ltd Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
10,200 
At 30 June 2024
10,200 
Amortisation
At 1 July 2023
2,040 
Charge for the year
1,020 
At 30 June 2024
3,060 
Net book value
At 30 June 2024
7,140 
At 30 June 2023
8,160 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
7,035 
Additions
117 
At 30 June 2024
7,152 
Depreciation
At 1 July 2023
4,690 
Charge for the year
2,384 
At 30 June 2024
7,074 
Net book value
At 30 June 2024
78 
At 30 June 2023
2,345 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,450 
- 
Trade debtors
672 
- 
2,122 
- 
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Gatetracker Ltd Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
10,777 
Trade creditors
3,593 
978 
Taxes and social security
412 
525 
Other creditors
- 
19,454 
Loans from directors
24,873 
1,096 
Accruals
1,284 
- 
30,162 
32,830 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Neil Sampson
Directors Loan
1,096 
45,559 
21,782 
24,872 
1,096 
45,559 
21,782 
24,872 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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