Company Registration No. 08836327 (England and Wales)
Saigates Limited
Unaudited accounts
for the year ended 28 February 2026
Saigates Limited
Unaudited accounts
Contents
Saigates Limited
Company Information
for the year ended 28 February 2026
Director
Sagar Sunilkumar Patel
Company Number
08836327 (England and Wales)
Registered Office
98 High Street
Wednesfield
Wolverhampton
WV11 1SZ
England
Accountants
Capital Talks LLP
Accountants & Tax consultants
310D - EW Sterling House
Langston Road
Loughton
IG10 3TS
Saigates Limited
Statement of financial position
as at 28 February 2026
Inventories
312,326
212,722
Cash at bank and in hand
2,037
13,575
Creditors: amounts falling due within one year
(176,941)
(117,386)
Net current assets
236,274
207,753
Total assets less current liabilities
236,552
207,565
Creditors: amounts falling due after more than one year
(159,617)
(142,063)
Called up share capital
100
100
Profit and loss account
76,835
65,402
Shareholders' funds
76,935
65,502
For the year ending 28 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2026 and were signed on its behalf by
Sagar Sunilkumar Patel
Director
Company Registration No. 08836327
Saigates Limited
Notes to the Accounts
for the year ended 28 February 2026
Saigates Limited is a private company, limited by shares, registered in England and Wales, registration number 08836327. The registered office is 98 High Street, Wednesfield, Wolverhampton, WV11 1SZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33 on straight line method.
Fixtures & fittings
33.33 on straight line method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2025
876
406
1,282
At 28 February 2026
1,655
406
2,061
At 1 March 2025
1,098
372
1,470
Charge for the year
279
34
313
At 28 February 2026
1,377
406
1,783
At 28 February 2026
278
-
278
At 28 February 2025
(222)
34
(188)
Saigates Limited
Notes to the Accounts
for the year ended 28 February 2026
Amounts falling due within one year
Trade debtors
98,852
98,842
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
57,164
22,041
Taxes and social security
22,194
9,132
Loans from directors
83,543
82,883
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
159,617
142,063
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
At 28 February 2026 the company owed £83,542.76/- to director as a result of loans made to the company. The loans are unsecured and interest free.
The Director controls the company as a result of controlling directly 100% of the issued share capital.
10
Average number of employees
During the year the average number of employees was 8 (2025: 7).