MR GATES FABRICATION SPECIALISTS LIMITED


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)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets			248,971		307,417
			248,971		307,417
Current assets
Stocks	3	1,221,392		1,086,501
Debtors		1,247,410		1,405,436
Cash at bank and on hand		217,118		274,625
		2,685,920		2,766,562
Creditors amounts falling due within one year	4	(638,622)		(669,861)
Net current assets (liabilities)			2,047,298		2,096,701
Total assets less current liabilities			2,296,269		2,404,118
Creditors amounts falling due after one year	5		(183,690)		(293,455)
Net assets			2,112,579		2,110,663
Capital and reserves
Called up share capital			2,000		2,000
Profit and loss account			2,110,579		2,108,663
Shareholders' funds			2,112,579		2,110,663

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 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 28 February 2025

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.

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.

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.

	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.

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


		2025		2024
	Average number of employees during the year	25		28

3.	Stocks

	2025	2024
	£	£
Work in progress	1,221,392	1,086,501
Total	1,221,392	1,086,501

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	276,320	288,092
Bank borrowings and overdrafts	109,387	109,636
Taxation and social security	91,702	35,631
Other creditors	38,562	113,852
Accrued liabilities and deferred income	122,651	122,650
Total	638,622	669,861


	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.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	183,690	293,455
Total	183,690	293,455