REGISTERED NUMBER: 07150026 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Country Gates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N E Corbett

Mrs D M Corbett

Mr A Parker

REGISTERED OFFICE:

Unit 5, Milton Court Horsfield Way, Bred

Bredbury

Stockport

SK6 2TD

REGISTERED NUMBER:

07150026 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

286,115

274,855

CURRENT ASSETS

Stocks

108,812

104,884

Debtors

5

440,012

315,136

Cash at bank and in hand

582,797

540,633

1,131,621

960,653

CREDITORS

Amounts falling due within one year

6

1,025,821

904,137

NET CURRENT ASSETS

105,800

56,516

TOTAL ASSETS LESS CURRENT LIABILITIES

391,915

331,371

CREDITORS

Amounts falling due after more than one year

7

(52,473

)

(73,574

)

PROVISIONS FOR LIABILITIES

(56,570

)

(53,346

)

NET ASSETS

282,872

204,451

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

282,772

204,351

SHAREHOLDERS' FUNDS

282,872

204,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mr N E Corbett - Director

1.	STATUTORY INFORMATION

Country Gates 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

68,352

489,765

558,117

Additions

13,092

98,039

111,131

Disposals

-

(40,132

)

(40,132

)

At 30 June 2025

81,444

547,672

629,116

DEPRECIATION

At 1 July 2024

38,230

245,032

283,262

Charge for year

12,846

75,691

88,537

Eliminated on disposal

-

(28,798

)

(28,798

)

At 30 June 2025

51,076

291,925

343,001

NET BOOK VALUE

At 30 June 2025

30,368

255,747

286,115

At 30 June 2024

30,122

244,733

274,855

The net book value of assets under HP is £177,100 (2024, £160,816).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

261,965

274,262

Other debtors

178,047

40,874

440,012

315,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

58,407

44,773

Trade creditors

402,354

338,720

Taxation and social security

216,707

144,533

Other creditors

338,353

366,111

1,025,821

904,137

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

1,348

11,563

Hire purchase contracts

51,125

62,011

52,473

73,574

8.	SECURED DEBTS

There are legal charges outstanding at Companies House in favour of National Westminster Bank PLC.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2025, the directors owed the company £111,344 (2024:Nil).

10.	RELATED PARTY DISCLOSURES

The directors of Country Gates Limited are also directors of Alucorb Limited and there has been trading between the two companies during this financial period. Held within trade creditors is a balance of £94,075 due to Alucorb (2024 - £85,524) and within trade debtors is a balance of £4,478 due from Alucorb (2024 - £26,700).

There is also a management charge for income within the profit and loss of £48,317. (2024 - £252,393)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N E Corbett.

12.	EMI SHARE OPTION SCHEME

A share option scheme was entered into on 5 August 2024 to incentivise and retain a key employee. The scheme vests if the company meets set turnover and profit targets over a two year period and the individual remains as an employee for the whole vesting period. The total number of shares granted under options in the year is 6.