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Monmouthshire Gate Company Ltd Ltd
Unaudited Financial Statements
For the Period 1 January 2025 to 31 March 2026
Ace Accounts & Bookkeeping Services Ltd
13 Wyebank Rise
Tutshill
Gloucestershire
NP16 7DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12380662
31 March 2026 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,285 16,858
10,285 16,858
CURRENT ASSETS
Debtors 5 8,722 13,336
Cash at bank and in hand 7,341 17,811
16,063 31,147
Creditors: Amounts Falling Due Within One Year 6 (14,667 ) (7,605 )
NET CURRENT ASSETS (LIABILITIES) 1,396 23,542
TOTAL ASSETS LESS CURRENT LIABILITIES 11,681 40,400
Creditors: Amounts Falling Due After More Than One Year 7 (15,685 ) (41,311 )
NET LIABILITIES (4,004 ) (911 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (4,006 ) (913 )
SHAREHOLDERS' FUNDS (4,004) (911)
Page 1
Page 2
For the period ending 31 March 2026 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 MARK GOWING
Director
21/09/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monmouthshire Gate Company Ltd Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12380662 . The registered office is 33 MAIN ROAD, PORTSKEWEET, CALDICOT, MONMOUTHSHIRE, NP26 5SA.
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 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2024: 4)
5 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 193 30,450 192 532 31,367
Additions - 12,190 - - 12,190
Disposals - (30,450 ) - - (30,450 )
As at 31 March 2026 193 12,190 192 532 13,107
Depreciation
As at 1 January 2025 - 14,509 - - 14,509
Provided during the period 65 2,438 241 77 2,821
Disposals - (14,508 ) - - (14,508 )
As at 31 March 2026 65 2,439 241 77 2,822
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2026 128 9,751 (49 ) 455 10,285
As at 1 January 2025 193 15,941 192 532 16,858
5. Debtors
31 March 2026 31 December 2024
£ £
Due within one year
Trade debtors 8,722 13,336
6. Creditors: Amounts Falling Due Within One Year
31 March 2026 31 December 2024
£ £
Trade creditors (1 ) -
Bank loans and overdrafts - 4,000
Taxation and social security 14,668 3,605
14,667 7,605
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2026 31 December 2024
£ £
Bank loans 8,217 1,667
Other creditors 7,468 39,644
15,685 41,311
8. Share Capital
31 March 2026 31 December 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4