Company No: 04383040 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	114,907		181,938
		114,907		181,938
Current assets
Stocks		11,000		12,000
Debtors	5	407,408		405,651
Cash at bank and in hand		108,815		57,238
		527,223		474,889
Creditors: amounts falling due within one year	6	( 153,288)		( 191,165)
Net current assets		373,935		283,724
Total assets less current liabilities		488,842		465,662
Creditors: amounts falling due after more than one year	7	( 8,773)		( 28,926)
Net assets		480,069		436,736
Capital and reserves
Called-up share capital	8	145		145
Capital redemption reserve		59,855		59,855
Profit and loss account		420,069		376,736
Total shareholders' funds		480,069		436,736

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gateway Bureau Services Limited (registered number: 04383040) were approved and authorised for issue by the Board of Directors on 24 September 2025. They were signed on its behalf by:

Mr N P Drayton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gateway Bureau Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is
Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom

The principal place of business is:
Unit 11-12
Northern Way
Cropmead
Crewkerne
Somerset
TA18 7HJ

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The company returned to profit in the year to December 2024, but the directors are conscious of increasing costs and diminishing work pipelines, which are putting ongoing pressure on the company’s ability to trade profitably. The directors are reviewing the company’s future trading prospects, and may conclude that it is appropriate to cease trading, to protect the position of company creditors. This matter remains under close review. As no final decision has been made in this regard, the accounts have been prepared on the going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and adjusted for work undertaken, not yet invoiced and amounts invoiced in advance. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as below. The leasehold improvements are depreciated over 10% straight line or over the life of the lease, whichever is the shortest.

Leasehold improvements	10 years straight line
Vehicles	5 years straight line
Fixtures and fittings	10 years straight line
Office equipment	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	53		99

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	38,335		38,335
At 31 December 2024	38,335		38,335
Accumulated amortisation
At 01 January 2024	38,335		38,335
At 31 December 2024	38,335		38,335
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	204,582		44,538		114,534		887,601		1,251,255
Additions	0		0		0		6,288		6,288
Disposals	( 9,011)		0		( 15,771)		( 36,627)		( 61,409)
At 31 December 2024	195,571		44,538		98,763		857,262		1,196,134
Accumulated depreciation
At 01 January 2024	183,069		42,640		95,404		748,204		1,069,317
Charge for the financial year	2,695		1,898		3,135		65,591		73,319
Disposals	( 9,011)		0		( 15,771)		( 36,627)		( 61,409)
At 31 December 2024	176,753		44,538		82,768		777,168		1,081,227
Net book value
At 31 December 2024	18,818		0		15,995		80,094		114,907
At 31 December 2023	21,513		1,898		19,130		139,397		181,938

5. Debtors

	2024		2023
	£		£
Trade debtors	204,975		269,779
Prepayments and accrued income	187,275		120,116
Other debtors	15,158		15,756
	407,408		405,651

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,289		10,035
Trade creditors	31,939		57,449
Amounts owed to directors	691		11,873
Accruals	4,900		4,650
Other taxation and social security	90,513		85,581
Obligations under finance leases and hire purchase contracts (secured)	9,864		17,274
Other creditors	5,092		4,303
	153,288		191,165

The hire purchase contracts are secured over the respective assets.

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	8,773		19,062
Obligations under finance leases and hire purchase contracts	0		9,864
	8,773		28,926

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
145 Ordinary shares shares of £ 1.00 each	145		145

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	46,440		81,327
between one and five years	81,270		0
	127,710		81,327