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REGISTERED NUMBER: 04328711 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Gatebox Engineering Limited

Gatebox Engineering Limited (Registered number: 04328711)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Gatebox Engineering Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: N D Coombs





SECRETARY:





REGISTERED OFFICE: Whatlington Garage
Whatlington
Battle
East Sussex
TN33 0NL





REGISTERED NUMBER: 04328711 (England and Wales)





ACCOUNTANTS: AJH Accountancy Ltd
17 The Weavers
Allington
Maidstone
Kent
ME16 0NZ

Gatebox Engineering Limited (Registered number: 04328711)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 238,392 243,122

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 5 89,997 59,462
Cash at bank and in hand 36,804 40,504
141,801 114,966
CREDITORS
Amounts falling due within one year 6 67,129 45,386
NET CURRENT ASSETS 74,672 69,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,064

312,702

CREDITORS
Amounts falling due after more than one
year

7

31,913

36,463
NET ASSETS 281,151 276,239

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings 281,133 276,221
SHAREHOLDERS' FUNDS 281,151 276,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gatebox Engineering Limited (Registered number: 04328711)

Balance Sheet - continued
30 April 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 director and authorised for issue on 30 January 2025 and were signed by:





N D Coombs - Director


Gatebox Engineering Limited (Registered number: 04328711)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Gatebox Engineering 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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% 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 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.

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.

Gatebox Engineering Limited (Registered number: 04328711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 293,150 323,949 21,823 638,922
Additions - 54,433 - 54,433
At 30 April 2024 293,150 378,382 21,823 693,355
DEPRECIATION
At 1 May 2023 134,899 241,607 19,294 395,800
Charge for year 29,315 27,319 2,529 59,163
At 30 April 2024 164,214 268,926 21,823 454,963
NET BOOK VALUE
At 30 April 2024 128,936 109,456 - 238,392
At 30 April 2023 158,251 82,342 2,529 243,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 32,806 26,048
Other debtors 57,191 33,414
89,997 59,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 37,709 20,338
Taxation and social security 27,824 24,052
Other creditors 1,596 996
67,129 45,386

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 21,599 31,604
Finance leases 10,314 4,859
31,913 36,463

Gatebox Engineering Limited

Report of the Accountants to the Director of
Gatebox Engineering Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AJH Accountancy Ltd
17 The Weavers
Allington
Maidstone
Kent
ME16 0NZ


30 January 2025