Gateway Chassis Limited - Limited company - abbreviated - 11.9
Gateway Chassis Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Gateway Chassis Limited |
| Abbreviated Unaudited Accounts for the Year Ended 31st October 2015 |
| Gateway Chassis Limited (Registered number: 06281466) |
| Contents of the Abbreviated Accounts |
| for the year ended 31st October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Gateway Chassis Limited |
| Company Information |
| for the year ended 31st October 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Gateway Chassis Limited (Registered number: 06281466) |
| Abbreviated Balance Sheet |
| 31st October 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Gateway Chassis Limited (Registered number: 06281466) |
| Abbreviated Balance Sheet - continued |
| 31st October 2015 |
| The financial statements were approved by the Board of Directors on |
| Gateway Chassis Limited (Registered number: 06281466) |
| Notes to the Abbreviated Accounts |
| for the year ended 31st October 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Land and buildings | - Straight line over 50 years |
| Improvements to property | - Straight line over 20 years |
| Plant & machinery | - 15% on reducing balance basis |
| Fixtures & fittings | - 15% on reducing balance basis |
| Motor vehicles | - 20% on reducing balance basis |
| Office equipment | - 25% on reducing balance basis |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
| held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
| leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Gateway Chassis Limited (Registered number: 06281466) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st October 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st November 2014 |
| and 31st October 2015 |
| AMORTISATION |
| At 1st November 2014 |
| Amortisation for year |
| At 31st October 2015 |
| NET BOOK VALUE |
| At 31st October 2015 |
| At 31st October 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1st November 2014 |
| Additions |
| Disposals | ( |
) |
| At 31st October 2015 |
| DEPRECIATION |
| At 1st November 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st October 2015 |
| NET BOOK VALUE |
| At 31st October 2015 |
| At 31st October 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 478,632 | 512,912 |
| Gateway Chassis Limited (Registered number: 06281466) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st October 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £0.10 |
| A Ordinary | £0.01 |
| 400,000 | 900,000 |
| On 26th March 2015, the company passed a written resolution to reduce the share capital by £500,000 |
| increasing distributable reserves. |
| 6. | ULTIMATE PARENT COMPANY |
| Point Fabrications Limited is the ultimate parent company. |