Ingate Builders Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11264668

Ingate Builders Limited

Unaudited financial statements

31 March 2026

Ingate Builders Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Current assets

Stocks		2,377,117	2,409,040
Debtors	5	32,842	1,587
Cash at bank and in hand		11,356	127,361
		-----------	-----------
		2,421,315	2,537,988

Creditors: Amounts falling due within one year	6	( 1,245,700)		( 1,275,086)
		-----------		-----------
Net current assets			1,175,615		1,262,902
			-----------		-----------
Total assets less current liabilities			1,175,615		1,262,902

Accruals and deferred income	( 5,784)	( 2,050)
	-----------	-----------
Net assets	1,169,831	1,260,852
	-----------	-----------

Capital and reserves

Called up share capital	7	300	300
Profit and loss account		1,169,531	1,260,552
		-----------	-----------
Shareholders funds		1,169,831	1,260,852
		-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 15 July 2026 , and are signed on behalf of the board by:

Mr A B MacLean

Director

Company registration number: 11264668

Ingate Builders Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Nelson Way, Beccles, NR34 9PH, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the construction of residential dwellings, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Work in progress

Stocks are work in progress that is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the work in progress to its present location and condition.

4. Employee numbers

The average number of employees during the year was 3 (2025: 3 ).

5. Debtors

	2026	2025
	£	£
Other debtors	32,842	1,587
	-------	------

6. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	–	54,386
Other creditors	1,245,700	1,220,700
	-----------	-----------
	1,245,700	1,275,086
	-----------	-----------

Included within other creditors falling due within one year are amounts owed to the directors of £1,180,700 (2025: £1,180,700).

7. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	300	300	300	300
	----	----	----	----