Complete Gates Ltd

Registered Number: 12526570 Complete Gates Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	5	17,891	25,892
		17,891	25,892
Current assets
Stocks		6,500	-
Debtors		28,840	11,516
Cash at bank and in hand		69,168	14,965
		104,508	26,481
Creditors: amount falling due within one year		(62,035)	(23,489)
Net current assets		42,473	2,992

Total assets less current liabilities		60,364	28,884
Creditors: amount falling due after more than one year		(16,932)	(28,298)
Net assets		43,432	586

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		43,332	486
Shareholders' funds		43,432	586

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 22 December 2025 and were signed by:

-------------------------------
Steve Brown
Director

Complete Gates Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Complete Gates Ltd is a private company, limited by shares, registered in England and Wales, registration number 12526570, registration address Unit H3, Innsworth Technology Park, Gloucester, Gloucestershire, GL3 1DL.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS Section 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures and Fittings	33% Straight Line
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Directors' Emoluments

	2025 £	2024 £
Administrative Expenses
Directors Salaries	12,570	12,570
	12,570	12,570

Staff Costs

	2025 £	2024 £
Wages and salaries	96,393	70,063
Social security costs	-	66
Pension costs, defined contribution plan	1,120	1,016
Other staff costs	631	610
	98,144	71,755

Average number of employees during the year	Number	Number
Administration	1	-
Production	2	-
	3	-

4.	Average number of employees Average number of employees during the year was 5 (2024 : 3).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2024	4,330	50,655	200	2,165	57,350
Additions	949	-	-	1,255	2,204
Disposals	-	-	-	-	-
At 31 March 2025	5,279	50,655	200	3,420	59,554
Depreciation
At 01 April 2024	3,153	26,695	133	1,477	31,458
Charge for year	724	8,565	67	849	10,205
On disposals	-	-	-	-	-
At 31 March 2025	3,877	35,260	200	2,326	41,663
Net book values
Closing balance as at 31 March 2025	1,402	15,395	-	1,094	17,891
Opening balance as at 01 April 2024	1,177	23,960	67	688	25,892

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
90 Class A shares of £1.00 each	90	90
10 Class B shares of £1.00 each	10	10
	100	100

Registered Number: 12526570
England and Wales
Abridged Accounts

for the year ended 31 March 2025
for
COMPLETE GATES LTD