REGISTERED NUMBER: 07864535 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bills Gates (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

W C Burton

REGISTERED OFFICE:

120 Cockfosters Road

BARNET

EN4 0DZ

REGISTERED NUMBER:

07864535 (England and Wales)

ACCOUNTANTS:

G & A Partners LLP

Chartered Accountants

120 Cockfosters Road

Barnet

EN4 0DZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

72,325

87,154

72,325

87,154

CURRENT ASSETS

Stocks

12,150

11,500

Debtors

6

65,466

70,926

Cash at bank

165,611

164,838

243,227

247,264

CREDITORS

Amounts falling due within one year

7

105,738

94,691

NET CURRENT ASSETS

137,489

152,573

TOTAL ASSETS LESS CURRENT LIABILITIES

209,814

239,727

CREDITORS

Amounts falling due after more than one year

8

(36,097

)

(42,743

)

PROVISIONS FOR LIABILITIES

9

(18,081

)

(12,503

)

NET ASSETS

155,636

184,481

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

155,536

184,381

SHAREHOLDERS' FUNDS

155,636

184,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 20 November 2025 and were signed by:

W C Burton - Director

1.	STATUTORY INFORMATION

Bills Gates (UK) 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, 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

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

12,500

AMORTISATION

At 1 April 2024

and 31 March 2025

12,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

148,246

8,807

157,053

Additions

11,162

1,348

12,510

Transfer to ownership

(19,950

)

-

(19,950

)

At 31 March 2025

139,458

10,155

149,613

DEPRECIATION

At 1 April 2024

63,901

5,998

69,899

Charge for year

26,286

1,053

27,339

Transfer to ownership

(19,950

)

-

(19,950

)

At 31 March 2025

70,237

7,051

77,288

NET BOOK VALUE

At 31 March 2025

69,221

3,104

72,325

At 31 March 2024

84,345

2,809

87,154

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

Plant and

machinery

£

COST

At 1 April 2024

86,985

Additions

11,162

Transfer to ownership

(19,950

)

At 31 March 2025

78,197

DEPRECIATION

At 1 April 2024

9,640

Charge for year

19,549

At 31 March 2025

29,189

NET BOOK VALUE

At 31 March 2025

49,008

At 31 March 2024

77,345

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,462

67,074

Other debtors

20,004

3,852

65,466

70,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,691

7,448

Trade creditors

78,744

72,637

Taxation and social security

13,466

11,156

Other creditors

5,837

3,450

105,738

94,691

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

36,097

42,743

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

18,081

12,503

Deferred

tax

£

Balance at 1 April 2024

12,503

Provided during year

5,578

Balance at 31 March 2025

18,081