Retail Gateway Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04199960 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

RETAIL GATEWAY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

F O Dawood

P R Halton

H A Rogers

Secretary:

Mrs N Dawood

Registered office:

Unit 3

Redwing Court Business Centre

Ashton Road

Romford

Essex

RM3 8QQ

Registered number:

04199960 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

4

3,541

6,735

Current assets

Debtors

5

98,412

100,736

Cash at bank and in hand

33,737

21,387

132,149

122,123

Creditors

Amounts falling due within one year

6

441,059

440,857

Net current liabilities

(308,910

)

(318,734

)

Total assets less current liabilities

(305,369

)

(311,999

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

(305,469

)

(312,099

)

Shareholders' funds

(305,369

)

(311,999

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors on 19 September 2019 and were signed on its behalf by:

F O Dawood - Director

1.	Statutory information

Retail 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Going concern

The financial statements have been prepared on a going concern basis. The company continues to be supported by the

director and its parent company.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2018

and 31 December 2018

389,096

8,850

76,543

474,489

Depreciation

At 1 January 2018

383,449

8,850

75,455

467,754

Charge for year

2,606

-

588

3,194

At 31 December 2018

386,055

8,850

76,043

470,948

Net book value

At 31 December 2018

3,041

-

500

3,541

At 31 December 2017

5,647

-

1,088

6,735

5.

Debtors: amounts falling due within one year

31.12.18

31.12.17

£

£

Trade debtors

47,643

47,481

Other debtors

50,769

53,255

98,412

100,736

6.

Creditors: amounts falling due within one year

31.12.18

31.12.17

£

£

Bank loans and overdrafts

-

23,586

Trade creditors

34,591

9,420

Taxation and social security

130

2,858

Other creditors

406,338

404,993

441,059

440,857

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

100

Ordinary

£1

100

100

8.

Reserves

Retained

earnings

£

At 1 January 2018

(312,099

)

Profit for the year

6,630

At 31 December 2018

(305,469

)