Gate Farm Limited - Accounts to registrar (filleted) - small 18.2

Gate Farm Limited - Accounts to registrar (filleted) - small 18.2

GATE FARM LIMITED - Company Information

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REGISTERED NUMBER: 09444116 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

GATE FARM LIMITED
GATE FARM LIMITED (REGISTERED NUMBER: 09444116)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

GATE FARM LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2019







DIRECTORS: Mrs J Perrins
S D Perrins





REGISTERED OFFICE: 15 Market Street
Standish
Wigan
Lancashire
WN6 0HW





REGISTERED NUMBER: 09444116 (England and Wales)





ACCOUNTANTS: ADC Accountants Limited
Chartered Cert. Accountants
15 Market Street
Standish
Wigan
Lancashire
WN6 0HW
Page 1
GATE FARM LIMITED (REGISTERED NUMBER: 09444116)

BALANCE SHEET
28 February 2019

28.2.19 28.2.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,307 10,242

CURRENT ASSETS
Cash at bank and in hand 48,847 41,693

CREDITORS
Amounts falling due within one year 5 46,299 46,325
NET CURRENT ASSETS/(LIABILITIES) 2,548 (4,632 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,855 5,610

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 10,755 5,510
SHAREHOLDERS' FUNDS 10,855 5,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 November 2019 and were
signed on its behalf by:





Mrs J Perrins - Director


The notes form part of these financial statements

Page 2
GATE FARM LIMITED (REGISTERED NUMBER: 09444116)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2019

1. STATUTORY INFORMATION

Gate Farm 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. 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 etc - 50% on reducing balance, 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 3 continued...
GATE FARM LIMITED (REGISTERED NUMBER: 09444116)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2018
and 28 February 2019 17,494
DEPRECIATION
At 1 March 2018 7,252
Charge for year 1,935
At 28 February 2019 9,187
NET BOOK VALUE
At 28 February 2019 8,307
At 28 February 2018 10,242

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.19 28.2.18
£    £   
Taxation and social security 1,684 3,627
Other creditors 44,615 42,698
46,299 46,325

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.19 28.2.18
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

There is no Ultimate Controlling Party due to the Directors Equal Shareholding

Page 4
GATE FARM LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GATE FARM LIMITED

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Directors are not required to
be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






ADC Accountants Limited
Chartered Cert. Accountants
15 Market Street
Standish
Wigan
Lancashire
WN6 0HW


Date: .............................................

This page does not form part of the statutory financial statements

Page 5