2022-11-012023-10-312023-10-31false12933164FLEETGATE LTD2024-07-23iso4217:GBPxbrli:pure129331642022-11-01129331642023-10-31129331642022-11-012023-10-31129331642021-11-01129331642022-10-31129331642021-11-012022-10-3112933164bus:SmallEntities2022-11-012023-10-3112933164bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3112933164bus:FullAccounts2022-11-012023-10-3112933164bus:PrivateLimitedCompanyLtd2022-11-012023-10-3112933164core:WithinOneYear2023-10-3112933164core:AfterOneYear2023-10-3112933164core:WithinOneYear2022-10-3112933164core:AfterOneYear2022-10-3112933164core:ShareCapital2023-10-3112933164core:SharePremium2023-10-3112933164core:RevaluationReserve2023-10-3112933164core:OtherReservesSubtotal2023-10-3112933164core:RetainedEarningsAccumulatedLosses2023-10-3112933164core:ShareCapital2022-10-3112933164core:SharePremium2022-10-3112933164core:RevaluationReserve2022-10-3112933164core:OtherReservesSubtotal2022-10-3112933164core:RetainedEarningsAccumulatedLosses2022-10-3112933164core:LandBuildings2023-10-3112933164core:PlantMachinery2023-10-3112933164core:Vehicles2023-10-3112933164core:FurnitureFittings2023-10-3112933164core:OfficeEquipment2023-10-3112933164core:NetGoodwill2023-10-3112933164core:IntangibleAssetsOtherThanGoodwill2023-10-3112933164core:ListedExchangeTraded2023-10-3112933164core:UnlistedNon-exchangeTraded2023-10-3112933164core:LandBuildings2022-10-3112933164core:PlantMachinery2022-10-3112933164core:Vehicles2022-10-3112933164core:FurnitureFittings2022-10-3112933164core:OfficeEquipment2022-10-3112933164core:NetGoodwill2022-10-3112933164core:IntangibleAssetsOtherThanGoodwill2022-10-3112933164core:ListedExchangeTraded2022-10-3112933164core:UnlistedNon-exchangeTraded2022-10-3112933164core:LandBuildings2022-11-012023-10-3112933164core:PlantMachinery2022-11-012023-10-3112933164core:Vehicles2022-11-012023-10-3112933164core:FurnitureFittings2022-11-012023-10-3112933164core:OfficeEquipment2022-11-012023-10-3112933164core:NetGoodwill2022-11-012023-10-3112933164core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3112933164core:ListedExchangeTraded2022-11-012023-10-3112933164core:UnlistedNon-exchangeTraded2022-11-012023-10-3112933164core:MoreThanFiveYears2022-11-012023-10-3112933164core:Non-currentFinancialInstruments2023-10-3112933164core:Non-currentFinancialInstruments2022-10-3112933164dpl:CostSales2022-11-012023-10-3112933164dpl:DistributionCosts2022-11-012023-10-3112933164core:LandBuildings2022-11-012023-10-3112933164core:PlantMachinery2022-11-012023-10-3112933164core:Vehicles2022-11-012023-10-3112933164core:FurnitureFittings2022-11-012023-10-3112933164core:OfficeEquipment2022-11-012023-10-3112933164dpl:AdministrativeExpenses2022-11-012023-10-3112933164core:NetGoodwill2022-11-012023-10-3112933164core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3112933164dpl:GroupUndertakings2022-11-012023-10-3112933164dpl:ParticipatingInterests2022-11-012023-10-3112933164dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3112933164core:ListedExchangeTraded2022-11-012023-10-3112933164dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3112933164core:UnlistedNon-exchangeTraded2022-11-012023-10-3112933164dpl:CostSales2021-11-012022-10-3112933164dpl:DistributionCosts2021-11-012022-10-3112933164core:LandBuildings2021-11-012022-10-3112933164core:PlantMachinery2021-11-012022-10-3112933164core:Vehicles2021-11-012022-10-3112933164core:FurnitureFittings2021-11-012022-10-3112933164core:OfficeEquipment2021-11-012022-10-3112933164dpl:AdministrativeExpenses2021-11-012022-10-3112933164core:NetGoodwill2021-11-012022-10-3112933164core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3112933164dpl:GroupUndertakings2021-11-012022-10-3112933164dpl:ParticipatingInterests2021-11-012022-10-3112933164dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3112933164core:ListedExchangeTraded2021-11-012022-10-3112933164dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3112933164core:UnlistedNon-exchangeTraded2021-11-012022-10-3112933164core:NetGoodwill2023-10-3112933164core:IntangibleAssetsOtherThanGoodwill2023-10-3112933164core:LandBuildings2023-10-3112933164core:PlantMachinery2023-10-3112933164core:Vehicles2023-10-3112933164core:FurnitureFittings2023-10-3112933164core:OfficeEquipment2023-10-3112933164core:AfterOneYear2023-10-3112933164core:WithinOneYear2023-10-3112933164core:ListedExchangeTraded2023-10-3112933164core:UnlistedNon-exchangeTraded2023-10-3112933164core:ShareCapital2023-10-3112933164core:SharePremium2023-10-3112933164core:RevaluationReserve2023-10-3112933164core:OtherReservesSubtotal2023-10-3112933164core:RetainedEarningsAccumulatedLosses2023-10-3112933164core:NetGoodwill2022-10-3112933164core:IntangibleAssetsOtherThanGoodwill2022-10-3112933164core:LandBuildings2022-10-3112933164core:PlantMachinery2022-10-3112933164core:Vehicles2022-10-3112933164core:FurnitureFittings2022-10-3112933164core:OfficeEquipment2022-10-3112933164core:AfterOneYear2022-10-3112933164core:WithinOneYear2022-10-3112933164core:ListedExchange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FLEETGATE LTD

Registered Number
12933164
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

FLEETGATE LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

PATEL, Hitesh Jayanand
PATEL, Rakhee

Registered Address

2nd Floor, Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

12933164 (England and Wales)
FLEETGATE LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property3181,474181,474
181,474181,474
Current assets
Cash at bank and on hand3,7723,432
3,7723,432
Creditors amounts falling due within one year4(41,162)(43,681)
Net current assets (liabilities)(37,390)(40,249)
Total assets less current liabilities144,084141,225
Creditors amounts falling due after one year5(139,750)(137,995)
Net assets4,3343,230
Capital and reserves
Called up share capital100100
Profit and loss account4,2343,130
Shareholders' funds4,3343,230
The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2024, and are signed on its behalf by:
PATEL, Rakhee
Director
Registered Company No. 12933164
FLEETGATE LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20232022
Average number of employees during the year11
3.Investment property

£
Fair value at 01 November 22181,474
At 31 October 23181,474
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,0711,071
Taxation and social security355386
Other creditors38,83742,224
Accrued liabilities and deferred income899-
Total41,16243,681
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts139,750137,995
Total139,750137,995
6.Directors advances, credits and guarantees
At the balance sheet date, the Director's loan account had a credit balance of £34,937 (2022 £38,324).