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REGISTERED NUMBER: 06293563 (England and Wales)















CEMGATE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CEMGATE LTD (REGISTERED NUMBER: 06293563)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CEMGATE LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr V Singh





REGISTERED OFFICE: Dry Bank Maintenance & Storage Yard
Oxford Road
Stokenchurch
High Wycombe
Oxfordshire
HP14 3TD





REGISTERED NUMBER: 06293563 (England and Wales)





ACCOUNTANTS: Quantum Accountancy
Chartered Certified Accountants
Ashley House
97 London Road
Slough
Berkshire
SL3 7RS

CEMGATE LTD (REGISTERED NUMBER: 06293563)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,260,731 1,268,678

CURRENT ASSETS
Stocks 403,866 400,143
Debtors 5 295,372 362,288
Prepayments and accrued income 32,873 30,770
Cash at bank and in hand 184,694 228,311
916,805 1,021,512
CREDITORS
Amounts falling due within one year 6 1,076,723 1,269,278
NET CURRENT LIABILITIES (159,918 ) (247,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,100,813

1,020,912

CREDITORS
Amounts falling due after more than one year 7 347,487 358,484
NET ASSETS 753,326 662,428

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 753,126 662,228
753,326 662,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

CEMGATE LTD (REGISTERED NUMBER: 06293563)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Mr V Singh - Director


CEMGATE LTD (REGISTERED NUMBER: 06293563)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Cemgate 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.

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.

Plant & machinery - 15% reducing balance
Plant & machinery - 10% on cost
Computer equipment - 15% 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.

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.

CEMGATE LTD (REGISTERED NUMBER: 06293563)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 75,000 2,350,125 2,425,125
Additions - 215,336 215,336
At 30 June 2024 75,000 2,565,461 2,640,461
DEPRECIATION
At 1 July 2023 - 1,156,447 1,156,447
Charge for year - 223,283 223,283
At 30 June 2024 - 1,379,730 1,379,730
NET BOOK VALUE
At 30 June 2024 75,000 1,185,731 1,260,731
At 30 June 2023 75,000 1,193,678 1,268,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 294,372 361,288
Other debtors 1,000 1,000
295,372 362,288

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,727 26,727
Finance leases 277,324 343,788
Trade creditors 233,118 337,042
Taxation and social security 73,494 90,815
Other creditors 466,060 470,906
1,076,723 1,269,278

CEMGATE LTD (REGISTERED NUMBER: 06293563)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,740 53,479
Finance leases 320,747 305,005
347,487 358,484