Company Registration No. 07368070 (England and Wales)
Automated Gateways Limited
Unaudited accounts
for the year ended 30 September 2020
Automated Gateways Limited
Unaudited accounts
Contents
Automated Gateways Limited
Company Information
for the year ended 30 September 2020
Directors
Trevor Ellis
Susan Warnes
Company Number
07368070 (England and Wales)
Registered Office
IVY COTTAGE THE CROFT
COSTESSEY
NORWICH
NR8 5DT
Accountants
Grow Your Business East Anglia Ltd
7A Corn Exchange
Market Place
Swaffham
Norfolk
PE37 7AB
Automated Gateways Limited
Statement of financial position
as at 30 September 2020
Cash at bank and in hand
-
624
Creditors: amounts falling due within one year
(76,050)
(40,994)
Net current liabilities
(32,118)
(30,831)
Total assets less current liabilities
(28,882)
(30,129)
Provisions for liabilities
Net liabilities
(29,762)
(31,009)
Called up share capital
2
2
Profit and loss account
(29,764)
(31,011)
Shareholders' funds
(29,762)
(31,009)
For the year ending 30 September 2020 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.
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 13 May 2021 and were signed on its behalf by
Trevor Ellis
Director
Company Registration No. 07368070
Automated Gateways Limited
Notes to the Accounts
for the year ended 30 September 2020
Automated Gateways Limited is a private company, limited by shares, registered in England and Wales, registration number 07368070. The registered office is IVY COTTAGE THE CROFT, COSTESSEY, NORWICH, NR8 5DT.
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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2019
3,177
27,194
2,798
33,169
Additions
3,130
-
14
3,144
At 30 September 2020
6,307
27,194
2,812
36,313
At 1 October 2019
2,383
27,194
2,890
32,467
Charge for the year
610
-
-
610
At 30 September 2020
2,993
27,194
2,890
33,077
At 30 September 2020
3,314
-
(78)
3,236
At 30 September 2019
794
-
(92)
702
Automated Gateways Limited
Notes to the Accounts
for the year ended 30 September 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
37,432
3,039
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
152
-
Obligations under finance leases and hire purchase contracts
-
6,235
Trade creditors
25,708
22,223
Taxes and social security
13,160
(7,470)
Loans from directors
16,801
20,006
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2019: 3).