Parts Gateway Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03819062 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2024 to 30 August 2025

for

Parts Gateway Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

W Pendlebury

REGISTERED OFFICE:

Russell Chambers

61A North Street

Keighley

West Yorkshire

BD21 3DS

REGISTERED NUMBER:

03819062 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

CURRENT ASSETS

Stocks

-

6,125

Debtors

6

193,623

202,799

Cash at bank

501,214

21,515

694,837

230,439

CREDITORS

Amounts falling due within one year

7

315,107

208,745

NET CURRENT ASSETS

379,730

21,694

TOTAL ASSETS LESS CURRENT
LIABILITIES

379,730

21,694

CREDITORS

Amounts falling due after more than one
year

8

-

18,783

NET ASSETS

379,730

2,911

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

378,730

1,911

SHAREHOLDERS' FUNDS

379,730

2,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

W Pendlebury - Director

1.	STATUTORY INFORMATION

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 September 2024

and 30 August 2025

19,584

1,149

20,733

DEPRECIATION

At 1 September 2024

and 30 August 2025

19,584

1,149

20,733

NET BOOK VALUE

At 30 August 2025

-

At 31 August 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.25

31.8.24

£

Other debtors

193,623

59,789

Directors' current accounts

-

143,010

193,623

202,799

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.25

31.8.24

£

Bank loans and overdrafts

-

38,789

Tax

202,487

91,137

Social security and other taxes

47,410

14,619

Other creditors

62,571

61,800

Directors' current accounts

1

-

Accrued expenses

2,638

2,400

315,107

208,745

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.8.25

31.8.24

£

Bank loans - 1-2 years

-

18,783

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.8.25

31.8.24

£

Loan

-

39,235

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 August 2025 and the year ended 31 August 2024:

30.8.25

31.8.24

£

M Pendlebury

Balance outstanding at start of period

65,404

46,725

Amounts advanced

-

49,875

Amounts repaid

(65,404

)

(31,196

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

65,404

J N Dickinson (Deceased)

Balance outstanding at start of period

77,606

58,565

Amounts advanced

7,735

50,237

Amounts repaid

(8,573

)

(31,196

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

76,768

77,606

During the year the directors of the Company changed, where appropriate any overdrawn Directors Loan Account balances have been transferred to other debtors.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parts Gateway Limited for the period ended 30 August 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Parts Gateway Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parts Gateway Limited and state those matters that we have agreed to state to the director of Parts Gateway Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parts Gateway Limited and its director for our work or for this report.

It is your duty to ensure that Parts Gateway Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parts Gateway Limited. You consider that Parts Gateway Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Parts Gateway Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

19 August 2026