Registered number
07074320
Gateway Environmental Services Limited
Unaudited Filleted Accounts
28 October 2024
Gateway Environmental Services Limited
Balance Sheet
as at 28 October 2024
28 October 30 November
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 194,018 179,343
Investments 5 - 250
194,018 179,593
Current assets
Debtors 6 615,631 539,693
Cash at bank and in hand 457,742 712,660
1,073,373 1,252,353
Creditors: amounts falling due within one year 7 (261,768) (384,458)
Net current assets 811,605 867,895
Total assets less current liabilities 1,005,623 1,047,488
Creditors: amounts falling due after more than one year 8 (25,083) (48,488)
Provisions for liabilities 9 (27,112) (20,690)
Net assets 953,428 978,310
Capital and reserves
Called up share capital 100 100
Profit and loss account 953,328 978,210
Shareholders' funds 953,428 978,310
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J W Bradley J M Briggs
Director Director
Approved by the board on 10 April 2025
Gateway Environmental Services Limited
Notes to the Accounts
for the period from 1 December 2023 to 28 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% on reducing balance
Plant and machinery 25% on reducing balance
Motor vehicles 25% on reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 1 December 2023 to 28 October 2024
2023
Number Number
Average number of persons employed by the company 30 21
3 Taxation 1 December 2023 to 28 October 2024
2023
£ £
Corporation tax
Current tax on profits for the year 74,079 49,138
Total current tax 74,079 49,138
Deferred tax 6,422 17,036
Total deferred tax 6,422 17,036
Total tax charge 80,501 66,174
4 Tangible fixed assets
Fixtures and fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 6,227 103,469 230,225 339,921
Additions 1,953 7,040 44,567 53,560
Disposals/write offs (6,472) (82,576) (16,755) (105,803)
At 28 October 2024 1,708 27,933 258,037 287,678
Depreciation
At 1 December 2023 2,982 70,564 87,032 160,578
Charge for the period 2,282 4,730 14,969 21,981
On disposals/write offs (5,056) (67,088) (16,755) (88,899)
At 28 October 2024 208 8,206 85,246 93,660
Net book value
At 28 October 2024 1,500 19,727 172,791 194,018
At 30 November 2023 3,245 32,905 143,193 179,343
5 Investments
Other
investments
£
Cost
At 1 December 2023 250
Revaluation (250)
At 28 October 2024 -
Historical cost
At 1 December 2023 250
At 28 October 2024 250
Details of investment holdings are as follows:
Company Activity % Ownership
Vantage Yorkshire 1 Ltd Dissolved 51%
Vantage Commercial Cleaning Limited Dissolved 100%
Vantage Industrial Cleaning East Midlands Ltd Dissolved 25%
Vantage Industrial Cleaning South East 3 Limited Dissolved 100%
As at 28 October 2024, all investments in unlisted companies have been revalued to nil (2023:£250).
28 October 30 November
6 Debtors 2024 2023
£ £
Trade debtors 518,463 492,387
Prepayments and accrued income 65,270 6,742
Other debtors 31,898 40,564
615,631 539,693
28 October 30 November
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 25,532 25,532
Trade creditors 42,243 154,940
Taxation and social security costs 167,887 117,156
Other creditors 26,106 86,830
261,768 384,458
28 October 30 November
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 25,083 48,488
9 Provision for liabilities 28 October 30 November
2024 2023
£ £
Deferred tax liabilities
Timing differences on accelerated capital allowances (27,112) (20,690)
(27,112) (20,690)
Movement in deferred tax during the period:
At beginning of the period (20,690)
Charged to profit and loss in the period (6,422)
At end of the period (27,112)
10 Related party transactions
The Company has taken advantage of the exemption offered in FRS102, not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by the same parent undertaking.
11 Controlling party
As at the period end the ultimate controlling party was considered to be M V Cloke by virtue of his ownership of MDLM Pension Scheme No A0092503.
As at 28 October 2024, there is no group for which consolidated financial statements are prepared that include the Company.
As at 29 October 2024 (refer note 10), the Company's immediate parent undertaking is Churchill Contract Services Limited. The registered office of the controlling party is Cedar House, Parkland Square, 750a Capability Green. Luton, LU1 3LU.
12 Events after the reporting date
On 29th October 2024 the entire share capital of the Company was acquired by Churchill Contract Services Limited, a company registered in the UK (registered number 03762020).
13 Other information
Gateway Environmental Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cedar House
Parkland Square
750a Capability Green
Luton
LU1 3LU
Gateway Environmental Services Limited 07074320 false 2023-12-01 2024-10-28 2024-10-28 VT Final Accounts July 2024 J W Bradley No description of principal activity 07074320 2022-12-01 2023-11-30 07074320 core:WithinOneYear 2023-11-30 07074320 core:AfterOneYear 2023-11-30 07074320 core:ShareCapital 2023-11-30 07074320 core:RetainedEarningsAccumulatedLosses 2023-11-30 07074320 2023-12-01 2024-10-28 07074320 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-10-28 07074320 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-10-28 07074320 bus:Director40 2023-12-01 2024-10-28 07074320 1 2023-12-01 2024-10-28 07074320 2 2023-12-01 2024-10-28 07074320 core:LandBuildings 2023-12-01 2024-10-28 07074320 core:PlantMachinery 2023-12-01 2024-10-28 07074320 core:Vehicles 2023-12-01 2024-10-28 07074320 countries:England 2023-12-01 2024-10-28 07074320 bus:FRS102 2023-12-01 2024-10-28 07074320 bus:FilletedAccounts 2023-12-01 2024-10-28 07074320 2024-10-28 07074320 core:WithinOneYear 2024-10-28 07074320 core:AfterOneYear 2024-10-28 07074320 core:ShareCapital 2024-10-28 07074320 core:RetainedEarningsAccumulatedLosses 2024-10-28 07074320 core:LandBuildings 2024-10-28 07074320 core:PlantMachinery 2024-10-28 07074320 core:Vehicles 2024-10-28 07074320 core:RevaluationsIncreaseDecreaseInInvestments 2024-10-28 07074320 2023-11-30 07074320 core:LandBuildings 2023-11-30 07074320 core:PlantMachinery 2023-11-30 07074320 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure