2023-03-012024-02-292024-02-29false06883838MR GATES FABRICATION SPECIALISTS LIMITED2025-01-1624200falseiso4217:GBPxbrli:pure068838382023-03-01068838382024-02-29068838382023-03-012024-02-29068838382022-05-01068838382023-02-28068838382022-05-012023-02-2806883838bus:SmallEntities2023-03-012024-02-2906883838bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2906883838bus:AbridgedAccounts2023-03-012024-02-2906883838bus:PrivateLimitedCompanyLtd2023-03-012024-02-2906883838core:WithinOneYear2024-02-2906883838core:AfterOneYear2024-02-2906883838core:WithinOneYear2023-02-2806883838core:AfterOneYear2023-02-2806883838core:ShareCapital2024-02-2906883838core:SharePremium2024-02-2906883838core:RevaluationReserve2024-02-2906883838core:OtherReservesSubtotal2024-02-2906883838core:RetainedEarningsAccumulatedLosses2024-02-2906883838core:ShareCapital2023-02-2806883838core:SharePremium2023-02-2806883838core:RevaluationReserve2023-02-2806883838core:OtherReservesSubtotal2023-02-2806883838core:RetainedEarningsAccumulatedLosses2023-02-2806883838core:LandBuildings2024-02-2906883838core:PlantMachinery2024-02-2906883838core:Vehicles2024-02-2906883838core:FurnitureFittings2024-02-2906883838core:OfficeEquipment2024-02-2906883838core:NetGoodwill2024-02-2906883838core:IntangibleAssetsOtherThanGoodwill2024-02-2906883838core:ListedExchangeTraded2024-02-2906883838core:UnlistedNon-exchangeTraded2024-02-2906883838core:LandBuildings2023-02-2806883838core:PlantMachinery2023-02-2806883838core:Vehicles2023-02-2806883838core:FurnitureFittings2023-02-2806883838core:OfficeEquipment2023-02-2806883838core:NetGoodwill2023-02-2806883838core:IntangibleAssetsOtherThanGoodwill2023-02-2806883838core:ListedExchangeTraded2023-02-2806883838core:UnlistedNon-exchangeTraded2023-02-2806883838core:LandBuildings2023-03-012024-02-2906883838core:PlantMachinery2023-03-012024-02-2906883838core:Vehicles2023-03-012024-02-2906883838core:FurnitureFittings2023-03-012024-02-2906883838core:OfficeEquipment2023-03-012024-02-2906883838core:NetGoodwill2023-03-012024-02-2906883838core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906883838core:ListedExchangeTraded2023-03-012024-02-2906883838core:UnlistedNon-exchangeTraded2023-03-012024-02-2906883838core:MoreThanFiveYears2023-03-012024-02-2906883838core:Non-currentFinancialInstruments2024-02-2906883838core:Non-currentFinancialInstruments2023-02-2806883838dpl:CostSales2023-03-012024-02-2906883838dpl:DistributionCosts2023-03-012024-02-2906883838core:LandBuildings2023-03-012024-02-2906883838core:PlantMachinery2023-03-012024-02-2906883838core:Vehicles2023-03-012024-02-2906883838core:FurnitureFittings2023-03-012024-02-2906883838core:OfficeEquipment2023-03-012024-02-2906883838dpl:AdministrativeExpenses2023-03-012024-02-2906883838core:NetGoodwill2023-03-012024-02-2906883838core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906883838dpl:GroupUndertakings2023-03-012024-02-2906883838dpl:ParticipatingInterests2023-03-012024-02-2906883838dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2906883838core:ListedExchangeTraded2023-03-012024-02-2906883838dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2906883838core:UnlistedNon-exchangeTraded2023-03-012024-02-2906883838dpl:CostSales2022-05-012023-02-2806883838dpl:DistributionCosts2022-05-012023-02-2806883838core:LandBuildings2022-05-012023-02-2806883838core:PlantMachinery2022-05-012023-02-2806883838core:Vehicles2022-05-012023-02-2806883838core:FurnitureFittings2022-05-012023-02-2806883838core:OfficeEquipment2022-05-012023-02-2806883838dpl:AdministrativeExpenses2022-05-012023-02-2806883838core:NetGoodwill2022-05-012023-02-2806883838core:IntangibleAssetsOtherThanGoodwill2022-05-012023-02-2806883838dpl:GroupUndertakings2022-05-012023-02-2806883838dpl:ParticipatingInterests2022-05-012023-02-2806883838dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-02-2806883838core:ListedExchangeTraded2022-05-012023-02-2806883838dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-02-2806883838core:UnlistedNon-exchangeTraded2022-05-012023-02-2806883838core:NetGoodwill2024-02-2906883838core:IntangibleAssetsOtherThanGoodwill2024-02-2906883838core:LandBuildings2024-02-2906883838core:PlantMachinery2024-02-2906883838core:Vehicles2024-02-2906883838core:FurnitureFittings2024-02-2906883838core:OfficeEquipment2024-02-2906883838core:AfterOneYear2024-02-2906883838core:WithinOneYear2024-02-2906883838core:ListedExchangeTraded2024-02-2906883838core:UnlistedNon-exchangeTraded2024-02-2906883838core:ShareCapital2024-02-2906883838core:SharePremium2024-02-2906883838core:RevaluationReserve2024-02-2906883838core:OtherReservesSubtotal2024-02-2906883838core:RetainedEarningsAccumulatedLosses2024-02-2906883838core:NetGoodwill2023-02-2806883838core:IntangibleAssetsOtherThanGoodwill2023-02-2806883838core:LandBuildings2023-02-2806883838core:PlantMachinery2023-02-2806883838core:Vehicles2023-02-2806883838core:FurnitureFittings2023-02-2806883838core:OfficeEquipment2023-02-2806883838core:AfterOneYear2023-02-2806883838core:WithinOneYear2023-02-2806883838core:ListedExchangeTraded2023-02-2806883838core:UnlistedNon-exchangeTraded2023-02-2806883838core:ShareCapital2023-02-2806883838core:SharePremium2023-02-2806883838core:RevaluationReserve2023-02-2806883838core:OtherReservesSubtotal2023-02-2806883838core:RetainedEarningsAccumulatedLosses2023-02-2806883838core:NetGoodwill2022-05-0106883838core:IntangibleAssetsOtherThanGoodwill2022-05-0106883838core:LandBuildings2022-05-0106883838core:PlantMachinery2022-05-0106883838core:Vehicles2022-05-0106883838core:FurnitureFittings2022-05-0106883838core:OfficeEquipment2022-05-0106883838core:AfterOneYear2022-05-0106883838core:WithinOneYear2022-05-0106883838core:ListedExchangeTraded2022-05-0106883838core:UnlistedNon-exchangeTraded2022-05-0106883838core:ShareCapital2022-05-0106883838core:SharePremium2022-05-0106883838core:RevaluationReserve2022-05-0106883838core:OtherReservesSubtotal2022-05-0106883838core:RetainedEarningsAccumulatedLosses2022-05-0106883838core:AfterOneYear2023-03-012024-02-2906883838core:WithinOneYear2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2906883838core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2906883838core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2906883838core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2806883838core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2806883838core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2806883838bus:Director12023-03-012024-02-2906883838bus:Director22023-03-012024-02-2906883838bus:Director32023-03-012024-02-29

MR GATES FABRICATION SPECIALISTS LIMITED

Registered Number
06883838
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

MR GATES FABRICATION SPECIALISTS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

CHANDARANA, Sunil
CHANDARANA, Seema
GRIFFITHS, Daryl Lance Raymond

Company Secretary

CHANDARANA, Sunil

Registered Address

Building 18, Gateway 1000 Whittle Way
Arlington Business Park
Stevenage
SG1 2FP

Registered Number

06883838 (England and Wales)
MR GATES FABRICATION SPECIALISTS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3307,417388,343
Investments375,418375,418
682,835763,761
Current assets
Stocks1,086,5011,086,501
Debtors1,030,0181,090,803
Cash at bank and on hand274,62592,149
2,391,1442,269,453
Creditors amounts falling due within one year4(712,529)(680,345)
Net current assets (liabilities)1,678,6151,589,108
Total assets less current liabilities2,361,4502,352,869
Creditors amounts falling due after one year(293,455)(394,721)
Net assets2,067,9951,958,148
Capital and reserves
Called up share capital2,0002,000
Profit and loss account2,065,9951,956,148
Shareholders' funds2,067,9951,958,148
The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2025, and are signed on its behalf by:
CHANDARANA, Sunil
Director
Registered Company No. 06883838
MR GATES FABRICATION SPECIALISTS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23700,150
Additions167
At 29 February 24700,317
Depreciation and impairment
At 01 March 23311,807
Charge for year81,093
At 29 February 24392,900
Net book value
At 29 February 24307,417
At 28 February 23388,343
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables260,045147,809
Bank borrowings and overdrafts109,636176,947
Taxation and social security78,29947,657
Other creditors141,898184,155
Accrued liabilities and deferred income122,651123,777
Total712,529680,345
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.