Company Registration No. 08883688 (England and Wales)
CITYGATE ACCOUNTANTS LTD
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
for the year ended 29 February 2024
CITYGATE ACCOUNTANTS LTD
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
Contents
CITYGATE ACCOUNTANTS LTD
Company Information
for the year ended 29 February 2024
Company Number
08883688 (England and Wales)
Registered Office
East London Business Centre
93-101 Greenfield Road
London
E1 1EJ
England
CITYGATE ACCOUNTANTS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
11,219
14,023
Cash at bank and in hand
31,648
35,433
Creditors: amounts falling due within one year
(25,431)
(35,200)
Net current assets
6,217
233
Total assets less current liabilities
17,436
14,256
Creditors: amounts falling due after more than one year
(6,242)
(9,584)
Called up share capital
100
100
Profit and loss account
11,094
4,572
Shareholders' funds
11,194
4,672
For the year ending 29 February 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 23 November 2024 and were signed on its behalf by
MD RASHED AHMED
Director
Company Registration No. 08883688
CITYGATE ACCOUNTANTS LTD
Notes to the Accounts
for the year ended 29 February 2024
CITYGATE ACCOUNTANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08883688. The registered office is East London Business Centre, 93-101 Greenfield Road, London, E1 1EJ, 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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CITYGATE ACCOUNTANTS LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
19,638
593
2,139
22,370
At 29 February 2024
19,638
593
2,139
22,370
At 1 March 2023
6,546
467
1,334
8,347
Charge for the year
2,618
26
160
2,804
At 29 February 2024
9,164
493
1,494
11,151
At 29 February 2024
10,474
100
645
11,219
At 28 February 2023
13,092
126
805
14,023
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,437
-
Other creditors
23,994
35,200
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).