Cannock Gates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06189276

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		118,538		117,097

			118,538		117,097
CURRENT ASSETS
Stocks	5	820,744		593,594
Debtors	6	521,038		323,177
Cash at bank and in hand		431,228		1,152,100

		1,773,010		2,068,871
Creditors: Amounts Falling Due Within One Year	7	(442,550 )		(708,661 )

NET CURRENT ASSETS (LIABILITIES)			1,330,460		1,360,210

TOTAL ASSETS LESS CURRENT LIABILITIES			1,448,998		1,477,307

NET ASSETS			1,448,998		1,477,307

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			1,448,898		1,477,207

SHAREHOLDERS' FUNDS			1,448,998		1,477,307

Page 1

Page 2

Cannock Gates Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Treve Hendry

Director

30/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cannock Gates Limited Registered number 06189276 is a limited by shares company incorporated in England & Wales. The Registered Office is UNIT 16 MILL PARK, HAWKS GREEN IND ESTATE, CANNOCK, STAFFORDSHIRE, WS11 7XT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight Line 10 years
Plant & Machinery	Straight Line 1 - 10 years
Motor Vehicles	Straight Line 4 years
Fixtures & Fittings	Straight Line 1 - 5 years
Computer Equipment	Straight Line 1 - 3 years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	8	8
Sales, marketing and distribution	5	5
Manufacturing	14	15

	27	28

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Cannock Gates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	487,489	15,054	94,624	23,219	620,386
Additions	33,998	29,075	-	-	63,073
Disposals	(48,130 )	(15,054 )	-	(3,765 )	(66,949 )

As at 31 March 2025	473,357	29,075	94,624	19,454	616,510

Depreciation
As at 1 April 2024	390,061	15,054	80,933	17,241	503,289
Provided during the period	35,133	8,884	13,691	3,924	61,632
Disposals	(48,130 )	(15,054 )	-	(3,765 )	(66,949 )

As at 31 March 2025	377,064	8,884	94,624	17,400	497,972

Net Book Value
As at 31 March 2025	96,293	20,191	-	2,054	118,538

As at 1 April 2024	97,428	-	13,691	5,978	117,097

5. Stocks

	2025	2024
	£	£
Stock	820,744	593,594

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	276,406	217,262
Prepayments and accrued income	26,280	28,258
Other debtors	218,352	77,657

	521,038	323,177

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	112,619	212,976
Corporation tax	143,608	137,680
Other taxes and social security	19,373	17,671
VAT	80,439	84,752
Net wages	13,144	11,996
Other creditors	84,820	91,521
Accruals and deferred income	2,400	2,072
Amounts owed to group undertakings	(13,853 )	149,993

	442,550	708,661

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Cannock Gates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	465,310	800,000

10. Related Party Transactions

The company is a wholly owned subsidiary of Argent Industrial Limited, a company incorporated in the Republic of South Africa. The company transacts with various subsidiaries of Argent Industrial Limited (fellow subsidiaries). All the transactions between group companies are conducted at arms length. Details of transactions with group companies are not considered necessary for an understanding of these financial statements.

11. Ultimate Controlling Party

The company's ultimate controlling party is Argent Industial Ltd (South Africa) by virtue of his ownership of 100% of the issued share capital in the company.

12. Audit Information

The auditor's report on the accounts of Cannock Gates Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.