REGISTERED NUMBER: 06943582 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

Portcullis Electric Gates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Madders

SECRETARY:

H Madders

REGISTERED OFFICE:

Sandy Farm Business Centre

The Sands

Farnham

Surrey

GU10 1PX

REGISTERED NUMBER:

06943582 (England and Wales)

ACCOUNTANTS:

Accounted Four (Midlands) Limited

301a Main Street

Thornton

Coalville

Leicestershire

LE67 1AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

45,170

60,181

45,170

60,181

CURRENT ASSETS

Stocks

6

23,624

21,943

Debtors

7

34,616

29,379

Cash at bank and in hand

25,072

18,867

83,312

70,189

CREDITORS

Amounts falling due within one year

8

116,337

174,568

NET CURRENT LIABILITIES

(33,025

)

(104,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,145

(44,198

)

CREDITORS

Amounts falling due after more than one year

9

17,980

36,815

NET LIABILITIES

(5,835

)

(81,013

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,935

)

(81,113

)

SHAREHOLDERS' FUNDS

(5,835

)

(81,013

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2026 and were signed by:

H Madders - Director

1.	STATUTORY INFORMATION

Portcullis Electric 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

151,600

AMORTISATION

At 1 June 2025

and 31 May 2026

151,600

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2025

and 31 May 2026

6,476

6,897

131,815

935

146,123

DEPRECIATION

At 1 June 2025

5,995

6,699

72,314

934

85,942

Charge for year

96

40

14,875

-

15,011

At 31 May 2026

6,091

6,739

87,189

934

100,953

NET BOOK VALUE

At 31 May 2026

385

158

44,626

1

45,170

At 31 May 2025

481

198

59,501

1

60,181

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2025

and 31 May 2026

66,549

DEPRECIATION

At 1 June 2025

27,513

Charge for year

9,759

At 31 May 2026

37,272

NET BOOK VALUE

At 31 May 2026

29,277

At 31 May 2025

39,036

6.

STOCKS

31.5.26

31.5.25

£

£

Stocks

3,000

3,500

Work-in-progress

20,624

18,443

23,624

21,943

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

33,021

28,085

Prepayments

1,595

1,294

34,616

29,379

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans and overdrafts

4,473

10,355

Hire purchase contracts

14,520

14,520

Trade creditors

40,794

53,373

Tax

4

3

Social security and other taxes

3,118

2,645

VAT

15,222

64,505

Other creditors

13,856

15,017

Directors' current accounts

20,200

10,200

Accrued expenses

4,150

3,950

116,337

174,568

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans - 1-2 years

-

4,315

Hire purchase contracts

17,980

32,500

17,980

36,815

10.	RELATED PARTY DISCLOSURES