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REGISTERED NUMBER: 13221341 (England and Wales)















ONE O'CLOCK GATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






ONE O'CLOCK GATE LIMITED (REGISTERED NUMBER: 13221341)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONE O'CLOCK GATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: Mr G J G Hird
Mr D Hird





REGISTERED OFFICE: 9 Georges Row
Dinas Powys
Vale of Glamorgan
CF64 4LF





REGISTERED NUMBER: 13221341 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

ONE O'CLOCK GATE LIMITED (REGISTERED NUMBER: 13221341)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,662 18,587

CURRENT ASSETS
Stocks 5,732 3,450
Debtors 5 487 -
Cash at bank and in hand 69,725 30,097
75,944 33,547
CREDITORS
Amounts falling due within one year 6 34,575 22,928
NET CURRENT ASSETS 41,369 10,619
TOTAL ASSETS LESS CURRENT LIABILITIES 64,031 29,206

CREDITORS
Amounts falling due after more than one year 7 111,676 92,809
NET LIABILITIES (47,645 ) (63,603 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (47,845 ) (63,803 )
(47,645 ) (63,603 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2024 and were signed on its behalf by:




Mr G J G Hird - Director


ONE O'CLOCK GATE LIMITED (REGISTERED NUMBER: 13221341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

One O'Clock Gate 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.

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.

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 - 20% on reducing balance
Computer equipment - 25% straight line on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 17 ) .

ONE O'CLOCK GATE LIMITED (REGISTERED NUMBER: 13221341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2023 23,477 823 24,300
Additions 8,947 - 8,947
At 29th February 2024 32,424 823 33,247
DEPRECIATION
At 1st March 2023 5,338 375 5,713
Charge for year 4,667 205 4,872
At 29th February 2024 10,005 580 10,585
NET BOOK VALUE
At 29th February 2024 22,419 243 22,662
At 28th February 2023 18,139 448 18,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 487 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,393 -
Taxation and social security 30,149 20,233
Other creditors 3,033 2,695
34,575 22,928

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,375 -
Amounts owed to group undertakings 100,586 78,274
Other creditors 8,715 14,535
111,676 92,809

Amounts due to group undertakings refers to a long term loan from a company associated by common control. Other creditors refers to a loan from the directors.