Gateway 120 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07888135 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gateway 120 Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Stocks

4

513,835

503,193

Debtors

5

32,578

32,631

Cash at bank

29,664

29,206

576,077

565,030

CREDITORS

Amounts falling due within one year

6

13,132

12,224

NET CURRENT ASSETS

562,945

552,806

TOTAL ASSETS LESS CURRENT
LIABILITIES

562,945

552,806

CREDITORS

Amounts falling due after more than one
year

7

481,941

NET ASSETS

81,004

70,865

CAPITAL AND RESERVES

Called up share capital

8

155

Retained earnings

80,849

70,710

SHAREHOLDERS' FUNDS

81,004

70,865

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:

Mr Robert William Crayston - Director

1.	STATUTORY INFORMATION

Gateway 120 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07888135

Registered office:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

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 represents net invoiced provision of services, excluding value added tax.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.

STOCKS

31.12.24

31.12.23

£

Work-in-progress

513,835

503,193

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

26,062

Other debtors

6,372

Prepayments and accrued income

144

197

32,578

32,631

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

302

-

Tax

2,437

3,314

Other creditors

8,093

6,910

Accrued expenses

2,300

2,000

13,132

12,224

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Other loans

476,941

Directors' loan accounts

5,000

481,941

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

53

Deferred ordinary

£0.00

1

-

154,501

Ordinary

£0.00

1

155