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REGISTERED NUMBER: 07860299 (England and Wales)












GATEWAY CENTRAL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






GATEWAY CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 07860299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GATEWAY CENTRAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S Dendy
J E Houghton
G Mockett
C Nunn
S L Weare



SECRETARY: A Burnside



REGISTERED OFFICE: The Romsey School
Greatbridge Road
Romsey
Hampshire
SO51 8ZB



REGISTERED NUMBER: 07860299 (England and Wales)



SENIOR STATUTORY AUDITOR: James Flood FCA



AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR

GATEWAY CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 07860299)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 14,208 18,789

CURRENT ASSETS
Stocks 5,700 -
Debtors 5 90,533 106,358
Cash at bank 46,849 130,938
143,082 237,296
CREDITORS
Amounts falling due within one year 6 (117,579 ) (80,440 )
NET CURRENT ASSETS 25,503 156,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,711

175,645

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 39,710 175,644
39,711 175,645

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 7 March 2025 and were signed on its behalf by:





J E Houghton - Director


GATEWAY CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 07860299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Gateway Central Services 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Related party transactions
The Company is exempt from disclosing related party transactions with other 100% owned members of the group headed by Gateway Multi Academy Trust by virtue of FRS 102 section 33.1A.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as related expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years
Office equipment - Straight line over 5 years

GATEWAY CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 07860299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current 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 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.

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.

Distributions
The company donates the profit that it achieves to its parent charity, Gateway Multi Academy Trust Limited. The gift aid payment is recognised at the earlier of the date of payment or the date a legal obligation to make the payment exists.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 27 ) .

GATEWAY CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 07860299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£ £ £
COST
At 1 September 2023
and 31 August 2024 16,502 6,405 22,907
DEPRECIATION
At 1 September 2023 275 3,843 4,118
Charge for year 3,300 1,281 4,581
At 31 August 2024 3,575 5,124 8,699
NET BOOK VALUE
At 31 August 2024 12,927 1,281 14,208
At 31 August 2023 16,227 2,562 18,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 55,701 13,453
Other debtors 34,832 92,905
90,533 106,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 40,054 32,155
Taxation and social security 15,830 10,001
Other creditors 61,695 38,284
117,579 80,440

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year - 7,854

GATEWAY CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 07860299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Flood FCA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company and controlling party is Gateway Multi Academy Trust Limited, a company limited by guarantee with its registered office at The Romsey School, Greatbridge, Romsey, Hampshire, SO51 8ZB.