Company Registration No. SC709919 (Scotland)
Gatotech Ltd
Unaudited accounts
for the year ended 30 September 2024
Gatotech Ltd
Unaudited accounts
Contents
Gatotech Ltd
Company Information
for the year ended 30 September 2024
Directors
Eddy Karin Gonzalez Lopez
Milos Michael Kriz
Company Number
SC709919 (Scotland)
Registered Office
272 Bath Street
Glasgow
G2 4JR
Scotland
Accountants
WellTax Limited
24 Fitzroy Square
London
W1T 6EP
Gatotech Ltd
Statement of financial position
as at 30 September 2024
Intangible assets
95,183
89,886
Tangible assets
41,400
37,042
Cash at bank and in hand
9,768
799
Creditors: amounts falling due within one year
(73,264)
(35,400)
Net current liabilities
(57,428)
(30,853)
Total assets less current liabilities
79,155
96,075
Provisions for liabilities
Other provisions
(20,678)
(29,570)
Called up share capital
200
200
Revaluation reserve
188
37,455
Profit and loss account
58,089
28,850
Shareholders' funds
58,477
66,505
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Eddy Karin Gonzalez Lopez
Director
Company Registration No. SC709919
Gatotech Ltd
Notes to the Accounts
for the year ended 30 September 2024
Gatotech Ltd is a private company, limited by shares, registered in Scotland, registration number SC709919. The registered office is 272 Bath Street, Glasgow, G2 4JR, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
A class of intangible fixed assets (including trademarks) is included at cost less accumulated amortisation while another class of intangible fixed assets (including cryptocurrencies) is carried at a revalued amount (based on fair value) less any subsequent impairment losses.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Gatotech Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Other
At 30 September 2024
95,257
At 30 September 2024
95,183
At 30 September 2023
89,886
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
1,440
1,364
43,833
46,637
Additions
-
2,747
20,003
22,750
At 30 September 2024
1,440
4,111
63,836
69,387
At 1 October 2023
131
662
8,802
9,595
Charge for the year
480
733
17,179
18,392
At 30 September 2024
611
1,395
25,981
27,987
At 30 September 2024
829
2,716
37,855
41,400
At 30 September 2023
1,309
702
35,031
37,042
Amounts falling due after more than one year
Accrued income and prepayments
5,791
3,558
Gatotech Ltd
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
20,823
2,245
Proposed dividends
30,000
-
Loans from directors
18,548
28,534
8
Provisions for liabilities
£
Decrease in existing provisions
(8,892)
At 30 September 2024
20,678
Allotted, called up and fully paid:
2 Ordinary shares of £100 each
200
200
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).