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REGISTERED NUMBER: 11883585 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Trevor Marks Gates & Automation Limited

Trevor Marks Gates & Automation Limited (Registered number: 11883585)

Contents of the Financial Statements
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trevor Marks Gates & Automation Limited

Company Information
For The Year Ended 31 March 2023







DIRECTOR: Mr T C Marks





REGISTERED OFFICE: Park Farm
Barnwell Road
Thurning
Peterborough
PE8 5RH





REGISTERED NUMBER: 11883585 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Trevor Marks Gates & Automation Limited (Registered number: 11883585)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,197 35,895

CURRENT ASSETS
Stocks 20,000 5,000
Debtors 5 9,909 -
Cash at bank and in hand 18,542 31,472
48,451 36,472
CREDITORS
Amounts falling due within one year 6 57,888 69,475
NET CURRENT LIABILITIES (9,437 ) (33,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,760

2,892

CREDITORS
Amounts falling due after more than one year 7 (21,618 ) -

PROVISIONS FOR LIABILITIES (5,900 ) (1,406 )
NET ASSETS 29,242 1,486

Trevor Marks Gates & Automation Limited (Registered number: 11883585)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,142 1,386
29,242 1,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:





Mr T C Marks - Director


Trevor Marks Gates & Automation Limited (Registered number: 11883585)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Trevor Marks Gates & Automation 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Trevor Marks Gates & Automation Limited (Registered number: 11883585)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 44,158
Additions 46,852
At 31 March 2023 91,010
DEPRECIATION
At 1 April 2022 8,263
Charge for year 16,550
At 31 March 2023 24,813
NET BOOK VALUE
At 31 March 2023 66,197
At 31 March 2022 35,895

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 35,904
At 31 March 2023 35,904
DEPRECIATION
Charge for year 7,181
At 31 March 2023 7,181
NET BOOK VALUE
At 31 March 2023 28,723

Trevor Marks Gates & Automation Limited (Registered number: 11883585)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,909 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,738 -
Trade creditors 6,452 607
Taxation and social security 14,737 9,156
Other creditors 32,961 59,712
57,888 69,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,705 -
Other creditors 11,913 -
21,618 -