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REGISTERED NUMBER: 09474919 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CGate Logistics UK Limited

CGate Logistics UK Limited (Registered number: 09474919)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGate Logistics UK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms A Behr Nogueira
A J Salter





REGISTERED OFFICE: 11 Sandpiper Road
Selsdon
London
CR28PQ





REGISTERED NUMBER: 09474919 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

CGate Logistics UK Limited (Registered number: 09474919)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,361 994

CURRENT ASSETS
Debtors 5 559,038 563,469
Cash at bank and in hand 861,533 1,105,813
1,420,571 1,669,282
CREDITORS
Amounts falling due within one year 6 1,174,855 437,344
NET CURRENT ASSETS 245,716 1,231,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,077

1,232,932

CREDITORS
Amounts falling due after more than one year 7 (12,501 ) (22,501 )

PROVISIONS FOR LIABILITIES - (189 )
NET ASSETS 278,576 1,210,242

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 278,476 1,210,142
SHAREHOLDERS' FUNDS 278,576 1,210,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CGate Logistics UK Limited (Registered number: 09474919)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Ms A Behr Nogueira - Director


CGate Logistics UK Limited (Registered number: 09474919)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

CGate Logistics UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CGate Logistics UK Limited (Registered number: 09474919)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,446 - 8,268 12,714
Additions - 46,025 2,432 48,457
At 31 March 2024 4,446 46,025 10,700 61,171
DEPRECIATION
At 1 April 2023 3,452 - 8,268 11,720
Charge for year 994 2,877 219 4,090
At 31 March 2024 4,446 2,877 8,487 15,810
NET BOOK VALUE
At 31 March 2024 - 43,148 2,213 45,361
At 31 March 2023 994 - - 994

CGate Logistics UK Limited (Registered number: 09474919)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 357,824 518,287
Provision for bad debts (12,245 ) -
Other debtors 1,758 1,758
Tax 158,253 -
VAT 30,272 27,956
Prepayments 23,176 15,468
559,038 563,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,035,317 202,509
Tax - 159,025
Social security and other taxes 13,169 9,779
Proposed dividends 75,590 45,000
Other creditors 2,933 4,051
Accrued expenses 37,846 6,980
1,174,855 437,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 12,501 22,501

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,210,142
Deficit for the year (650,486 )
Dividends (281,180 )
At 31 March 2024 278,476

10. ULTIMATE CONTROLLING PARTY

The controlling party is Cgate Holding GMBH & Co. KG.