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Company Registration No. 08758924 (England and Wales)
Gates Logic Technologies Ltd Unaudited accounts for the year ended 30 November 2024
Gates Logic Technologies Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gates Logic Technologies Ltd Company Information for the year ended 30 November 2024
Director
Mr Olakunle Akintunde
Company Number
08758924 (England and Wales)
Registered Office
63 TO 66 HATTON GARDEN 5TH FLOOR, SUITE 23 LONDON EC1N 8LE ENGLAND
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Gates Logic Technologies Ltd Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Called up share capital not paid
(1,000)
(1,000)
Fixed assets
Tangible assets
4
5,375
8,550
Creditors: amounts falling due within one year
5
(5,376)
(2,976)
Net current liabilities
(5,376)
(2,976)
Total assets less current liabilities
(1,001)
4,574
Creditors: amounts falling due after more than one year
6
(28,444)
(13,875)
Net liabilities
(29,445)
(9,301)
Capital and reserves
Profit and loss account
(29,445)
(9,301)
Shareholders' funds
(29,445)
(9,301)
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 31 August 2025 and were signed on its behalf by
Mr Olakunle Akintunde Director Company Registration No. 08758924
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Gates Logic Technologies Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Gates Logic Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08758924. The registered office is 63 TO 66 HATTON GARDEN, 5TH FLOOR, SUITE 23, LONDON, EC1N 8LE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25%
Computer equipment
25%
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2023
11,000
3,900
14,900
At 30 November 2024
11,000
3,900
14,900
Depreciation
At 1 December 2023
4,400
1,950
6,350
Charge for the year
2,200
975
3,175
At 30 November 2024
6,600
2,925
9,525
Net book value
At 30 November 2024
4,400
975
5,375
At 30 November 2023
6,600
1,950
8,550
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,376
2,976
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Gates Logic Technologies Ltd Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
3,400
5,800
Other creditors
-
8,075
Non-equity preference shares
25,044
-
28,444
13,875
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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