Company Registration No. 06729467 (England and Wales)
Gateway 2 Finance Ltd
Unaudited accounts
for the year ended 31 December 2016
Gateway 2 Finance Ltd
Unaudited accounts
Contents
Gateway 2 Finance Ltd
Company Information
for the year ended 31 December 2016
Company Number
06729467 (England and Wales)
Registered Office
42-50 HERSHAM ROAD
WALTON-ON-THAMES
SURREY
KT12 1RZ
UNITED KINGDOM
Accountants
Joanne Nock
Accountability
45 Market Street
Hoylake
Wirral
CH47 2BQ
Gateway 2 Finance Ltd
Statement of financial position
as at 31 December 2016
Tangible assets
23,720
39,898
Cash at bank and in hand
-
89,928
Creditors: amounts falling due within one year
(33,271)
(95,550)
Net current (liabilities)/assets
(27,720)
26,384
Net (liabilities)/assets
(4,000)
66,282
Called up share capital
1,334
1,334
Share premium
34,666
34,666
Profit and loss account
(40,000)
30,282
Shareholders' funds
(4,000)
66,282
For the year ending 31 December 2016 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.
Approved by the Board on 24 February 2017.
Paul Woodworth
Director
Company Registration No. 06729467
Gateway 2 Finance Ltd
Notes to the Accounts
for the year ended 31 December 2016
Gateway 2 Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 06729467. The registered office and principal place of business is 42-50 HERSHAM ROAD, WALTON-ON-THAMES, SURREY, KT12 1RZ, UNITED KINGDOM.
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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
20% on the reducing balance
Computer equipment
33% on the reducing balance
4
Tangible fixed assets
Plant & machinery
At 31 December 2016
191,724
Charge for the year
11,683
At 31 December 2016
168,004
At 31 December 2016
23,720
At 31 December 2015
39,898
Gateway 2 Finance Ltd
Notes to the Accounts
for the year ended 31 December 2016
Trade debtors
5,551
32,006
6
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
9,680
-
Trade creditors
23,591
54,227
Taxes and social security
-
2,846
Loans from directors
-
38,477
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Average number of employees
During the year the average number of employees was 8 (2015: 9).
