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REGISTERED NUMBER: 09645184 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

The Gateway Resources Limited

The Gateway Resources Limited (Registered number: 09645184)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Gateway Resources Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: B Williams
Mrs L A Williams



REGISTERED OFFICE: Ground Floor
North Warehouse
Gloucester Docks
Gloucester
Gloucestershire
GL1 2EP



REGISTERED NUMBER: 09645184 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC
PO BOX 33
9 Queen Square
Wolverhampton
West Midlands
WV1 1TE

The Gateway Resources Limited (Registered number: 09645184)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213 425

CURRENT ASSETS
Debtors 5 50,877 40,936
Cash at bank - 12,169
50,877 53,105
CREDITORS
Amounts falling due within one year 6 32,635 26,373
NET CURRENT ASSETS 18,242 26,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,455

27,157

CREDITORS
Amounts falling due after more than one
year

7

15,063

17,369
NET ASSETS 3,392 9,788

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,390 9,786
SHAREHOLDERS' FUNDS 3,392 9,788

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

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

The Gateway Resources Limited (Registered number: 09645184)

Statement of Financial Position - continued
31 October 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 16 July 2025 and were signed on its behalf by:





Mrs L A Williams - Director


The Gateway Resources Limited (Registered number: 09645184)

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


1. STATUTORY INFORMATION

The Gateway Resources 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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the HM Revenue and Customs published average rate of exchange for the month in which the invoice was raised. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

The Gateway Resources Limited (Registered number: 09645184)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2023
and 31 October 2024 255 3,998 4,253
Depreciation
At 1 November 2023 255 3,573 3,828
Charge for year - 212 212
At 31 October 2024 255 3,785 4,040
Net book value
At 31 October 2024 - 213 213
At 31 October 2023 - 425 425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 16,811 7,698
Other debtors 34,066 33,238
50,877 40,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 8,201 2,660
Trade creditors 27 -
Taxation and social security 23,067 22,538
Other creditors 1,340 1,175
32,635 26,373

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans 15,063 17,369

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,424 6,730

The Gateway Resources Limited (Registered number: 09645184)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/10/24 31/10/23
£    £   
Within one year 1,408 1,584
Between one and five years 732 2,140
2,140 3,724

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24 31/10/23
£    £   
B Williams and Mrs L A Williams
Balance outstanding at start of year 22,695 29,107
Amounts advanced 52,169 32,596
Amounts repaid (49,999 ) (39,008 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,865 22,695

The above loan to the directors, included within other debtors, has been charged interest at the official rate. The loan has no fixed repayment terms.