0 Gatehouse Decorators Ltd 09353689 false 2024-01-01 2025-06-30 2025-06-30 The principal activity of the company is Painting & decorating Digita Accounts Production Advanced 6.30.9574.0 true true 09353689 2024-01-01 2025-06-30 09353689 2025-06-30 09353689 bus:OrdinaryShareClass1 2025-06-30 09353689 core:RetainedEarningsAccumulatedLosses 2025-06-30 09353689 core:ShareCapital 2025-06-30 09353689 core:CurrentFinancialInstruments 2025-06-30 09353689 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 09353689 core:MotorVehicles 2025-06-30 09353689 core:PlantMachinery 2025-06-30 09353689 bus:SmallEntities 2024-01-01 2025-06-30 09353689 bus:AuditExemptWithAccountantsReport 2024-01-01 2025-06-30 09353689 bus:FullAccounts 2024-01-01 2025-06-30 09353689 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-06-30 09353689 bus:RegisteredOffice 2024-01-01 2025-06-30 09353689 bus:Director1 2024-01-01 2025-06-30 09353689 bus:Director2 2024-01-01 2025-06-30 09353689 bus:OrdinaryShareClass1 2024-01-01 2025-06-30 09353689 bus:PrivateLimitedCompanyLtd 2024-01-01 2025-06-30 09353689 core:MotorVehicles 2024-01-01 2025-06-30 09353689 core:PlantMachinery 2024-01-01 2025-06-30 09353689 core:OtherRelatedParties 2024-01-01 2025-06-30 09353689 countries:AllCountries 2024-01-01 2025-06-30 09353689 2023-12-31 09353689 core:MotorVehicles 2023-12-31 09353689 core:PlantMachinery 2023-12-31 09353689 2023-01-01 2023-12-31 09353689 2023-12-31 09353689 bus:OrdinaryShareClass1 2023-12-31 09353689 core:RetainedEarningsAccumulatedLosses 2023-12-31 09353689 core:ShareCapital 2023-12-31 09353689 core:CurrentFinancialInstruments 2023-12-31 09353689 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09353689 core:MotorVehicles 2023-12-31 09353689 core:PlantMachinery 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Filleted

Registration number: 09353689

Gatehouse Decorators Ltd
Annual Report and Unaudited Financial Statements
for the Period from 1 January 2024 to 30 June 2025

Gatehouse Decorators Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 8

Gatehouse Decorators Ltd

Company Information

Directors | Mr P Gatehouse Mr K J Merritt

Registered office | Flat 7 Drury Lane Aberaeron SA46 0BP

Gatehouse Decorators Ltd

(Registration number: 09353689)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | - | 10,768
Current assets |  |  |
Stocks | 6 | - | 1,550
Debtors | 7 | 7,179 | 23,872
Cash at bank and in hand |  | 7,839 | 20,362
|  | 15,018 | 45,784
Creditors: Amounts falling due within one year | 8 | (15,015) | (56,355)
Net current assets/(liabilities) |  | 3 | (10,571)
Net assets |  | 3 | 197
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 1 | 195
Total equity |  | 3 | 197

For the financial period ending 30 June 2025 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Gatehouse Decorators Ltd

(Registration number: 09353689)
Balance Sheet as at 30 June 2025

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:

......................................... Mr P Gatehouse Director | ......................................... Mr K J Merritt Director |

Gatehouse Decorators Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Flat 7
Drury Lane
Aberaeron
SA46 0BP

These financial statements were authorised for issue by the Board on 27 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors will support the company for the foreseeable future and pay debts as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Gatehouse Decorators Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 20% Reducing Balance
Plant & Machinery | 25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Gatehouse Decorators Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2023 £
Depreciation expense | - | 2,747

Gatehouse Decorators Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025

5 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 2,491 | 28,990 | 31,481
Disposals | (2,491) | (28,990) | (31,481)
At 30 June 2025 | - | - | -
Depreciation
At 1 January 2024 | 1,732 | 18,884 | 20,616
Eliminated on disposal | (1,732) | (18,884) | (20,616)
At 30 June 2025 | - | - | -
Carrying amount
At 30 June 2025 | - | - | -
At 31 December 2023 | 662 | 10,106 | 10,768

6 | Stocks

| 2025 £ | 2023 £
Work in progress | - | 1,000
Other inventories | - | 550
| - | 1,550

7 | Debtors

| 2025 £ | 2023 £
Trade debtors | - | 2,668
Other debtors | 7,179 | 21,204
| 7,179 | 23,872

Gatehouse Decorators Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | 1,351 | 9,636
Taxation and social security |  | 1,927 | 3,501
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | - | 4,851
Directors' loan accounts | 10 | 7,079 | 33,169
Corporation tax liability |  | 2,643 | 3,735
Other creditors |  | 2,015 | 1,463
|  | 15,015 | 56,355

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

10 | Related party transactions

Other transactions with directors

At the balance sheet date, the directors, Mr P Gatehouse & Mr K Merritt, were owed £7,079 (2023: £33,169) from the company. The loan is interest free and repayable on demand.

Summary of transactions with other related parties

Gatehouse Decorators Ltd is related to the following companies by virtue of the same shareholder and/or director:-
Gatehouse (Wales) Ltd
Total amount owed by Gatehouse Decorators Ltd to the above company as at 30th June 2025 is £0 (2023: £4,851).