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Company Registration No. 07245259 (England and Wales)
GATEWAY TYRES & AUTO LIMITED Unaudited accounts for the year ended 31 May 2025
GATEWAY TYRES & AUTO LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GATEWAY TYRES & AUTO LIMITED Company Information for the year ended 31 May 2025
Director
Robert Bailey
Company Number
07245259 (England and Wales)
Registered Office
UNIT 5 GATEWAY CREWE GATES FARM INDUSTRIAL ESTATE CREWE CHESHIRE CW1 6YY
Accountants
Deborah Harradine MAAT 25 Wentworth Grove Winsford CW7 2LJ
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GATEWAY TYRES & AUTO LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
18,005
22,506
Current assets
Debtors
5
-
8,735
Cash at bank and in hand
17,434
16,137
17,434
24,872
Creditors: amounts falling due within one year
6
(6,117)
(5,935)
Net current assets
11,317
18,937
Net assets
29,322
41,443
Capital and reserves
Called up share capital
900
900
Profit and loss account
28,422
40,543
Shareholders' funds
29,322
41,443
For the year ending 31 May 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 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 20 February 2026 and were signed on its behalf by
Robert Bailey Director Company Registration No. 07245259
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GATEWAY TYRES & AUTO LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
GATEWAY TYRES & AUTO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07245259. The registered office is UNIT 5 GATEWAY, CREWE GATES FARM INDUSTRIAL ESTATE, CREWE, CHESHIRE, CW1 6YY.
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:
Land & buildings
20% reducing balance
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
12,333
63,321
280
559
76,493
At 31 May 2025
12,333
63,321
280
559
76,493
Depreciation
At 1 June 2024
9,912
43,236
280
559
53,987
Charge for the year
484
4,017
-
-
4,501
At 31 May 2025
10,396
47,253
280
559
58,488
Net book value
At 31 May 2025
1,937
16,068
-
-
18,005
At 31 May 2024
2,421
20,085
-
-
22,506
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GATEWAY TYRES & AUTO LIMITED Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
-
8,735
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
823
4,712
Taxes and social security
5,294
1,223
6,117
5,935
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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