Company Registration No. 07245259 (England and Wales)
GATEWAY TYRES & AUTO LIMITED
Unaudited accounts
for the year ended 31 May 2023
GATEWAY TYRES & AUTO LIMITED
Unaudited accounts
Contents
GATEWAY TYRES & AUTO LIMITED
Company Information
for the year ended 31 May 2023
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
GATEWAY TYRES & AUTO LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
28,132
35,165
Cash at bank and in hand
39,362
39,362
Creditors: amounts falling due within one year
(3,226)
(3,455)
Net current assets
36,136
35,907
Total assets less current liabilities
64,268
71,072
Creditors: amounts falling due after more than one year
(19,972)
(30,719)
Called up share capital
900
900
Profit and loss account
43,396
39,453
Shareholders' funds
44,296
40,353
For the year ending 31 May 2023 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 22 February 2024 and were signed on its behalf by
Robert Bailey
Director
Company Registration No. 07245259
GATEWAY TYRES & AUTO LIMITED
Notes to the Accounts
for the year ended 31 May 2023
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.
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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.
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 2022
12,333
63,321
280
559
76,493
At 31 May 2023
12,333
63,321
280
559
76,493
At 1 June 2022
8,550
31,939
280
559
41,328
Charge for the year
757
6,276
-
-
7,033
At 31 May 2023
9,307
38,215
280
559
48,361
At 31 May 2023
3,026
25,106
-
-
28,132
At 31 May 2022
3,783
31,382
-
-
35,165
GATEWAY TYRES & AUTO LIMITED
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,575
807
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
19,972
30,719
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Average number of employees
During the year the average number of employees was 0 (2022: 0).
