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REGISTERED NUMBER: 11492170 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

GATEWAY SPECIAL VEHICLES LIMITED

GATEWAY SPECIAL VEHICLES LIMITED (REGISTERED NUMBER: 11492170)






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




Page

Company Information 1

Report of the Director 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


GATEWAY SPECIAL VEHICLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr J N Smit





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 11492170 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

GATEWAY SPECIAL VEHICLES LIMITED (REGISTERED NUMBER: 11492170)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JULY 2024

The director presents his report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of buying, restoring and selling of other motor vehicles.

DIRECTOR
Mr J N Smit held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J N Smit - Director


28 April 2025

GATEWAY SPECIAL VEHICLES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
GATEWAY SPECIAL VEHICLES LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 July 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


28 April 2025

GATEWAY SPECIAL VEHICLES LIMITED (REGISTERED NUMBER: 11492170)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

31.7.24 31.7.23
£    £   

TURNOVER 83,203 69,668

Cost of sales 80,906 66,720
GROSS PROFIT 2,297 2,948

Administrative expenses 4,303 2,155
OPERATING (LOSS)/PROFIT (2,006 ) 793

Interest receivable and similar income 2,613 225
PROFIT BEFORE TAXATION 607 1,018

Tax on profit 115 193
PROFIT FOR THE FINANCIAL YEAR 492 825

GATEWAY SPECIAL VEHICLES LIMITED (REGISTERED NUMBER: 11492170)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Cash at bank 5,198 280,159

CREDITORS
Amounts falling due within one year 4 2,703 1,971
NET CURRENT ASSETS 2,495 278,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,495

278,188

CREDITORS
Amounts falling due after more than one
year

5

-

276,185
NET ASSETS 2,495 2,003

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 2,494 2,002
SHAREHOLDERS' FUNDS 2,495 2,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





Mr J N Smit - Director


GATEWAY SPECIAL VEHICLES LIMITED (REGISTERED NUMBER: 11492170)

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

1. STATUTORY INFORMATION

Gateway Special Vehicles 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Corporation tax 408 292
Accrued expenses 2,295 1,679
2,703 1,971

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings - 266,657
Directors' loan accounts - 9,528
- 276,185

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary 1 1 1

GATEWAY SPECIAL VEHICLES LIMITED (REGISTERED NUMBER: 11492170)

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

7. RESERVES
Retained
earnings
£   

At 1 August 2023 2,002
Profit for the year 492
At 31 July 2024 2,494

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due after more than one year, is an amount of £Nil (2023 - £9,528) owed to the director J N Smit. This loan is interest free, of no fixed term and repayable on demand.

Included under creditors more than 1 year is an amount of £Nil (2023 - £266,657) due to Intercompany Gateway Offroad SA (CC).

The controlling party is the company director by virtue of his shareholding.