REGISTERED NUMBER: SC762355 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Gateway Joiners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S R Marshall

REGISTERED OFFICE:

C/O Rennie Smith & Co

64 Murray Place

Stirling

Stirlingshire

FK8 2BX

REGISTERED NUMBER:

SC762355 (Scotland)

FIXED ASSETS

Tangible assets

4

15,343

24,705

CURRENT ASSETS

Stocks

-

13,088

Debtors

5

13,056

2,881

Cash at bank

13,304

22,556

26,360

38,525

CREDITORS

Amounts falling due within one year

6

107,112

88,937

NET CURRENT LIABILITIES

(80,752

)

(50,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,409

)

(25,707

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(65,410

)

(25,708

)

SHAREHOLDERS' FUNDS

(65,409

)

(25,707

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

S R Marshall - Director

1.	STATUTORY INFORMATION

Gateway Joiners Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

33% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

10,117

18,264

997

29,378

DEPRECIATION

At 1 April 2024

3,339

1,005

329

4,673

Charge for year

3,338

5,695

329

9,362

At 31 March 2025

6,677

6,700

658

14,035

NET BOOK VALUE

At 31 March 2025

3,440

11,564

339

15,343

At 31 March 2024

6,778

17,259

668

24,705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,972

1,027

Other debtors

2,084

1,854

13,056

2,881

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

48

-

Trade creditors

9,189

29,245

Amounts owed to associates

3,610

3,610

Taxation and social security

59,964

35,029

Other creditors

34,301

21,053

107,112

88,937

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary shares

1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2024

(25,708

)

Deficit for the year

(39,702

)

At 31 March 2025

(65,410

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S R Marshall.