Company Registration No. 07210701 (England and Wales)
Gateway OHS Ltd
Unaudited accounts
for the year ended 31 March 2025
Gateway OHS Ltd
Unaudited accounts
Contents
Gateway OHS Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
23,967
42,679
Cash at bank and in hand
272,055
289,766
Creditors: amounts falling due within one year
(169,578)
(103,408)
Net current assets
193,615
258,551
Total assets less current liabilities
217,582
301,230
Provisions for liabilities
Deferred tax
(5,681)
(10,115)
Net assets
211,901
291,115
Called up share capital
101
101
Profit and loss account
211,800
291,014
Shareholders' funds
211,901
291,115
For the year ending 31 March 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 1 October 2025 and were signed on its behalf by
George Warmisham
Director
Company Registration No. 07210701
Gateway OHS Ltd
Notes to the Accounts
for the year ended 31 March 2025
Gateway OHS Ltd is a private company, limited by shares, registered in England and Wales, registration number 07210701. The registered office is 44 Cross Street, Abergavenny, Gwent, NP7 5ER.
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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.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Gateway OHS Ltd
Notes to the Accounts
for the year ended 31 March 2025
On the 28 October 2016 the entire issued share capital of Gateway OHS Ltd was sold and is now an "employee owned" company. To achieve this aim a new trustee company named Gateway EOT Limited was incorporated which acts as trustee of the Gateway Employee Ownership Trust ("EOT").
The EOT now owns approximately 99% of the share capital of Gateway OHS Ltd.
It has been determined that the EOT has the legal and beneficial ownership of the shares of Gateway OHS Ltd as a result of the influence that it has over the future direction of the company. As a result of this fact the above loans have not been recognised as a liability within the Gateway OHS Ltd accounts.
The previous year's figures have been re-stated due to an adjustment of £79,847 paid after the year end which relates to the financial statements ended 31 March 2024.
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Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
18,712
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Average number of employees
During the year the average number of employees was 17 (2024: 18).