1 September 2023 false No description of principal activity Taxfiler 2024.5 12791884business:PrivateLimitedCompanyLtd2023-09-012024-08-31 127918842023-08-31 127918842023-09-012024-08-31 12791884business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 12791884business:FilletedAccounts2023-09-012024-08-31 127918842024-08-31 12791884business:Director12023-09-012024-08-31 12791884business:RegisteredOffice2023-09-012024-08-31 127918842023-08-31 12791884core:WithinOneYear2024-08-31 12791884core:WithinOneYear2023-08-31 12791884core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 12791884core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12791884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 12791884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12791884core:PreviouslyStatedAmount2024-08-31 12791884core:PreviouslyStatedAmount2023-08-31 12791884business:SmallEntities2023-09-012024-08-31 12791884countries:EnglandWales2023-09-012024-08-31 12791884core:PlantMachinery2023-09-012024-08-31 12791884core:ComputerEquipment2023-09-012024-08-31 12791884core:PlantMachinery2023-08-31 12791884core:MotorVehicles2023-08-31 12791884core:ComputerEquipment2023-08-31 12791884core:MotorVehicles2023-09-012024-08-31 12791884core:PlantMachinery2024-08-31 12791884core:MotorVehicles2024-08-31 12791884core:ComputerEquipment2024-08-31 127918842022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 12791884 (England and Wales)
Gateride Limited Unaudited accounts for the year ended 31 August 2024
Gateride Limited Unaudited accounts Contents
Page
- 2 -
Gateride Limited Company Information for the year ended 31 August 2024
Director
Danial Ahmed Alyas
Company Number
12791884 (England and Wales)
Registered Office
69 Shepherd Street Bury Lancashire BL9 0RT England
- 3 -
Gateride Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,000 
32,000 
Current assets
Inventories
35,480 
31,435 
Debtors
44,409 
52,713 
Cash at bank and in hand
6,575 
8,235 
86,464 
92,383 
Creditors: amounts falling due within one year
(174,209)
(117,110)
Net current liabilities
(87,745)
(24,727)
Net assets
30,255 
7,273 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
30,253 
7,271 
Shareholders' funds
30,255 
7,273 
For the year ending 31 August 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 1 September 2024 and were signed on its behalf by
Danial Ahmed Alyas Director Company Registration No. 12791884
- 4 -
Gateride Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Gateride Limited is a private company, limited by shares, registered in England and Wales, registration number 12791884. The registered office is 69 Shepherd Street, , Bury, Lancashire, BL9 0RT, 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.
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.
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:
Plant & machinery
10
Computer equipment
10
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
25,000 
- 
15,000 
40,000 
Additions
- 
100,000 
- 
100,000 
At 31 August 2024
25,000 
100,000 
15,000 
140,000 
Depreciation
At 1 September 2023
5,000 
- 
3,000 
8,000 
Charge for the year
2,500 
10,000 
1,500 
14,000 
At 31 August 2024
7,500 
10,000 
4,500 
22,000 
Net book value
At 31 August 2024
17,500 
90,000 
10,500 
118,000 
At 31 August 2023
20,000 
- 
12,000 
32,000 
- 5 -
Gateride Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,930 
41,455 
Other debtors
15,479 
11,258 
44,409 
52,713 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,694 
9,541 
VAT
6,849 
7,364 
Obligations under finance leases and hire purchase contracts
85,248 
18,401 
Trade creditors
47,931 
57,692 
Other creditors
25,487 
24,112 
174,209 
117,110 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -