IRIS Accounts Production v24.3.0.553 04851617 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048516172023-07-31048516172024-07-31048516172023-08-012024-07-31048516172022-07-31048516172022-08-012023-07-31048516172023-07-3104851617ns15:EnglandWales2023-08-012024-07-3104851617ns14:PoundSterling2023-08-012024-07-3104851617ns10:Director12023-08-012024-07-3104851617ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104851617ns10:SmallEntities2023-08-012024-07-3104851617ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3104851617ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104851617ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104851617ns10:FullAccounts2023-08-012024-07-310485161712023-08-012024-07-3104851617ns10:OrdinaryShareClass22023-08-012024-07-3104851617ns10:OrdinaryShareClass32023-08-012024-07-3104851617ns10:OrdinaryShareClass42023-08-012024-07-3104851617ns10:OrdinaryShareClass52023-08-012024-07-3104851617ns10:Director22023-08-012024-07-3104851617ns10:RegisteredOffice2023-08-012024-07-3104851617ns5:CurrentFinancialInstruments2024-07-3104851617ns5:CurrentFinancialInstruments2023-07-3104851617ns5:Non-currentFinancialInstruments2024-07-3104851617ns5:Non-currentFinancialInstruments2023-07-3104851617ns5:ShareCapital2024-07-3104851617ns5:ShareCapital2023-07-3104851617ns5:RetainedEarningsAccumulatedLosses2024-07-3104851617ns5:RetainedEarningsAccumulatedLosses2023-07-3104851617ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3104851617ns5:ComputerSoftware2023-08-012024-07-3104851617ns5:PlantMachinery2023-08-012024-07-3104851617ns5:FurnitureFittings2023-08-012024-07-3104851617ns5:MotorVehicles2023-08-012024-07-3104851617ns5:ComputerSoftware2023-07-3104851617ns5:ComputerSoftware2024-07-3104851617ns5:ComputerSoftware2023-07-3104851617ns5:PlantMachinery2023-07-3104851617ns5:FurnitureFittings2023-07-3104851617ns5:MotorVehicles2023-07-3104851617ns5:PlantMachinery2024-07-3104851617ns5:FurnitureFittings2024-07-3104851617ns5:MotorVehicles2024-07-3104851617ns5:PlantMachinery2023-07-3104851617ns5:FurnitureFittings2023-07-3104851617ns5:MotorVehicles2023-07-3104851617ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3104851617ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3104851617ns5:LeasedAssetsHeldAsLessee2023-07-3104851617ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3104851617ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3104851617ns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3104851617ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3104851617ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3104851617ns5:LeasedAssetsHeldAsLessee2024-07-3104851617ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3104851617ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3104851617ns5:LeasedAssetsHeldAsLessee2023-07-3104851617ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3104851617ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3104851617ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-07-3104851617ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-07-3104851617ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-3104851617ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-3104851617ns5:HirePurchaseContracts2024-07-3104851617ns5:HirePurchaseContracts2023-07-3104851617ns5:WithinOneYear2024-07-3104851617ns5:WithinOneYear2023-07-3104851617ns5:DeferredTaxation2023-07-3104851617ns5:DeferredTaxation2023-08-012024-07-3104851617ns5:DeferredTaxation2024-07-3104851617ns10:OrdinaryShareClass22024-07-3104851617ns10:OrdinaryShareClass32024-07-3104851617ns10:OrdinaryShareClass42024-07-3104851617ns10:OrdinaryShareClass52024-07-31
REGISTERED NUMBER: 04851617 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Arden Gates Ltd

Arden Gates Ltd (Registered number: 04851617)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

Arden Gates Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: G H Allwood
D S Young





REGISTERED OFFICE: Corner Farm
Packwood Road Lapworth
Solihull
West Midlands
B94 6EJ





REGISTERED NUMBER: 04851617 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Arden Gates Ltd (Registered number: 04851617)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,595 17,519
Tangible assets 5 409,545 403,954
436,140 421,473

CURRENT ASSETS
Stocks 27,000 39,000
Debtors 6 440,128 511,644
Cash at bank 205,612 208,842
672,740 759,486
CREDITORS
Amounts falling due within one year 7 (675,133 ) (742,539 )
NET CURRENT (LIABILITIES)/ASSETS (2,393 ) 16,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,747

438,420

CREDITORS
Amounts falling due after more than one
year

8

(109,659

)

(122,219

)

PROVISIONS FOR LIABILITIES 10 (89,873 ) (88,686 )
NET ASSETS 234,215 227,515

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 234,115 227,415
SHAREHOLDERS' FUNDS 234,215 227,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Arden Gates Ltd (Registered number: 04851617)

Balance Sheet - continued
31 July 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





G H Allwood - Director


Arden Gates Ltd (Registered number: 04851617)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Arden Gates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

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 - 15% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Arden Gates Ltd (Registered number: 04851617)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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 19 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 August 2023 37,450
Additions 17,403
At 31 July 2024 54,853
AMORTISATION
At 1 August 2023 19,931
Amortisation for year 8,327
At 31 July 2024 28,258
NET BOOK VALUE
At 31 July 2024 26,595
At 31 July 2023 17,519

Arden Gates Ltd (Registered number: 04851617)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2023 338,683 38,936 347,156 724,775
Additions 11,856 24,360 101,779 137,995
Disposals - - (20,455 ) (20,455 )
At 31 July 2024 350,539 63,296 428,480 842,315
DEPRECIATION
At 1 August 2023 152,985 21,693 146,143 320,821
Charge for year 28,766 11,928 88,609 129,303
Eliminated on disposal - - (17,354 ) (17,354 )
At 31 July 2024 181,751 33,621 217,398 432,770
NET BOOK VALUE
At 31 July 2024 168,788 29,675 211,082 409,545
At 31 July 2023 185,698 17,243 201,013 403,954

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Valuation in 2013 19,175 - - 19,175
Cost 331,364 63,296 428,480 823,140
350,539 63,296 428,480 842,315

If plant and machinery had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 331,363 319,508
Aggregate depreciation 165,785 137,586

Plant and machinery was revalued on 2 December 2013 by Grange Tool and Industrial, at the open market value, and this valuation has been included in the accounts. Plant and machinery purchased since that date has not been revalued.

As allowed under the transition rules of FRS 102 1A, the directors have chosen to treat previously revalued plant and machinery as deemed cost and not revalue in future periods.

Arden Gates Ltd (Registered number: 04851617)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 149,675 234,538 384,213
Additions - 73,184 73,184
Transfer to ownership (85,276 ) - (85,276 )
At 31 July 2024 64,399 307,722 372,121
DEPRECIATION
At 1 August 2023 62,849 77,773 140,622
Charge for year 6,761 60,161 66,922
Transfer to ownership (43,527 ) - (43,527 )
At 31 July 2024 26,083 137,934 164,017
NET BOOK VALUE
At 31 July 2024 38,316 169,788 208,104
At 31 July 2023 86,826 156,765 243,591

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 362,915 453,288
Other debtors 77,213 58,356
440,128 511,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 64,052 64,326
Trade creditors 429,255 428,066
Taxation and social security 115,416 120,178
Other creditors 56,410 119,969
675,133 742,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,333 18,333
Hire purchase contracts (see note 9) 101,326 103,886
109,659 122,219

Arden Gates Ltd (Registered number: 04851617)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 64,052 64,326
Between one and five years 101,326 103,886
165,378 168,212

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 2,187

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 89,873 88,686

Deferred
tax
£   
Balance at 1 August 2023 88,686
Charge to Profit and Loss Account during year 1,187
Balance at 31 July 2024 89,873

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
100 100

All shares rank pari-passu in all respects except that each class of share shall be entitled to dividends on a discretionary basis as a separate class right.

12. OTHER FINANCIAL COMMITMENTS

As at 31 July 2024, there were outstanding pension contributions of £3,222 (2023 - £2,774).

Arden Gates Ltd (Registered number: 04851617)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

13. RELATED PARTY DISCLOSURES

Arden Fabrications Limited

A company in which the director, G Allwood, has a controlling interest


During the year, the company has entered into transactions, on normal commercial terms, with Arden Fabrications Limited as follows:-

Management and administration fees £63,000 (2023 - £57,000).

There is an amount owing from Arden Fabrications Limited of £21,360 (2023 - £23,576). The amount owed is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Arden Gates Limited have given their assurance that the amount payable will not be demanded until such time as Arden Fabrications Limited can afford to do so without detriment to its working capital needs.

Fare Game Limited

A company in which the director, D Young, has an interest


There is an amount owing from Arden Property Holdings Limited of £10,000 (2023 - £30,000) The amount owed is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Arden Gates Limited have given their assurance that the amount payable will not be demanded until such time as Arden Property Holdings Limited can afford to do so without detriment to its working capital needs.

RT Gate Automation Limited

A company in which D Young and G Allwood have an interest


There is an amount owing from RT Gate Automation Limited of £40,998. The amount owed is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Arden Gates Limited have given their assurance that the amount payable will not be demanded until such time as RT Gate Automation Limited can afford to do so without detriment to its working capital needs.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Arden Gates Ltd

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arden Gates Ltd for the year ended 31 July 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arden Gates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arden Gates Ltd and state those matters that we have agreed to state to the Board of Directors of Arden Gates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arden Gates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arden Gates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arden Gates Ltd. You consider that Arden Gates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arden Gates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


23 January 2025