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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
Page
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CITYGATE ACCOUNTANTS LTD Company Information for the year ended 29 February 2024
Director
MD RASHED AHMED
Company Number
08883688 (England and Wales)
Registered Office
East London Business Centre 93-101 Greenfield Road London E1 1EJ England
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CITYGATE ACCOUNTANTS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,219 
14,023 
Current assets
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)
Net assets
11,194 
4,672 
Capital and reserves
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
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CITYGATE ACCOUNTANTS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Turnover
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
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
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 
25,431 
35,200 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,242 
9,584 
7
Share capital
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).
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