Company Registration No. 12791884 (England and Wales)
Gateride Limited
Unaudited accounts
for the year ended 31 August 2024
Gateride Limited
Unaudited accounts
Contents
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
Gateride Limited
Statement of financial position
as at 31 August 2024
Tangible assets
118,000
32,000
Cash at bank and in hand
6,575
8,235
Creditors: amounts falling due within one year
(174,209)
(117,110)
Net current liabilities
(87,745)
(24,727)
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
Gateride Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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
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
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
At 31 August 2024
17,500
90,000
10,500
118,000
At 31 August 2023
20,000
-
12,000
32,000
Gateride Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
28,930
41,455
Other debtors
15,479
11,258
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,694
9,541
Obligations under finance leases and hire purchase contracts
85,248
18,401
Trade creditors
47,931
57,692
Other creditors
25,487
24,112
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).