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REGISTERED NUMBER: 03956979 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gatehouse Architectural Limited

Gatehouse Architectural Limited (Registered number: 03956979)






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


Gatehouse Architectural Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Adkins
N J Jones





SECRETARY: N Adkins





REGISTERED OFFICE: Unit D Wartell Bank
Dawley Road
Kingswinford
West Midlands
DY6 7QQ





REGISTERED NUMBER: 03956979 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Gatehouse Architectural Limited (Registered number: 03956979)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,064 59,301

CURRENT ASSETS
Stocks 35,439 30,851
Debtors 5 350,583 318,469
Cash at bank and in hand 152,145 131,801
538,167 481,121
CREDITORS
Amounts falling due within one year 6 209,033 160,058
NET CURRENT ASSETS 329,134 321,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,198

380,364

CREDITORS
Amounts falling due after more than one
year

7

(32,233

)

(53,760

)

PROVISIONS FOR LIABILITIES 9 (9,412 ) (11,133 )
NET ASSETS 337,553 315,471

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 337,549 315,467
SHAREHOLDERS' FUNDS 337,553 315,471

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.

Gatehouse Architectural Limited (Registered number: 03956979)

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 15 August 2024 and were signed on its behalf by:




N Adkins - Director



N J Jones - Director


Gatehouse Architectural Limited (Registered number: 03956979)

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

1. STATUTORY INFORMATION

Gatehouse Architectural 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.

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.
Long leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

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.

Gatehouse Architectural Limited (Registered number: 03956979)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 12,642 69,847 19,054 45,564 147,107
Additions - 2,750 - 4,700 7,450
At 31 March 2024 12,642 72,597 19,054 50,264 154,557
DEPRECIATION
At 1 April 2023 11,939 53,810 18,656 3,401 87,806
Charge for year 175 4,697 99 11,716 16,687
At 31 March 2024 12,114 58,507 18,755 15,117 104,493
NET BOOK VALUE
At 31 March 2024 528 14,090 299 35,147 50,064
At 31 March 2023 703 16,037 398 42,163 59,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 310,215 260,403
Other debtors 40,368 58,066
350,583 318,469

Gatehouse Architectural Limited (Registered number: 03956979)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 11,527 11,527
Trade creditors 105,670 73,732
Taxation and social security 57,368 44,596
Other creditors 24,468 20,203
209,033 160,058

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 20,566 32,093
32,233 53,760

8. SECURED DEBTS

Lloyds Bank Plc hold a debenture in the form of a fixed and floating charge in the banks standard form, created on the 8th September 2010.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 9,412 11,133

Deferred
tax
£   
Balance at 1 April 2023 11,133
Provided during year (1,721 )
Balance at 31 March 2024 9,412

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Ordinary £1 4 4

Gatehouse Architectural Limited (Registered number: 03956979)

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

11. RELATED PARTY DISCLOSURES

Debtors (including non interest bearing loans) as at 31st March 2024 include £30,912 (2023 - £33,250) due from Gatehouse Midlands Limited. The loan is interest free and repayable on demand.

Gatehouse Architectural Limited and Gatehouse Midlands Limited share common directors and shareholders.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.