13314347falselocksmiths2022-11-012023-04-30http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director22022-11-012023-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-11-012023-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-04-30http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-11-012023-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 13314347
BADDOW LOCKSMITHS LTD
ACCOUNTS
FOR THE 181 DAY PERIOD ENDED 30 APRIL 2023
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
BADDOW LOCKSMITHS LTD
ACCOUNTS
FOR THE 181 DAY PERIOD ENDED 30 APRIL 2023
DIRECTORS
Mr S Hoad
Mrs J Hoad
SECRETARY
Mrs J Hoad
REGISTERED OFFICE
21 Rothmans Avenue
Chelmsford
Essex
CM2 9UF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13314347
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
BADDOW LOCKSMITHS LTD
ACCOUNTS
FOR THE181 DAY PERIODENDED30 APRIL 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
BADDOW LOCKSMITHS LTD
BALANCE SHEET AT 30 April 2023
20232022
Notes££
FIXED ASSETS
Tangible assets323,809-
CURRENT ASSETS
Stock20,000-
Debtors57,309-
Cash at bank and in hand14,140-
41,449-
CREDITORS: Amounts falling due within one year640,406-
NET CURRENT ASSETS1,043-
TOTAL ASSETS LESS CURRENT LIABILITIES24,852-
PROVISIONS FOR LIABILITIES AND CHARGES74,523-
NET ASSETS20,329-
CAPITAL AND RESERVES
Called up share capital82-
Profit and loss account20,327-
SHAREHOLDERS' FUNDS20,329-
For the year ending 30 April 2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 3 November 2023 and signed on their behalf by
.............................
Mr S Hoad
Director
.............................
Mrs J Hoad
Director
BADDOW LOCKSMITHS LTD
NOTES TO THE ACCOUNTS
FOR THE 181 DAY PERIOD ENDED 30 APRIL 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. EMPLOYEES
20232022
No.No.
Average number of employees2-
BADDOW LOCKSMITHS LTD
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
Additions41,50841,508
Disposals(10,000)(10,000)
At 30 April 202331,50831,508
Depreciation
For the 181 day period7,6997,699
At 30 April 20237,6997,699
Net Book Amounts
At 30 April 202323,80923,809
4. STOCK 20232022
££
Stock comprises:
Stock of finished goods20,000-
20,000-
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors4,280-
VAT2,360-
Other debtors669-
7,309-
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors279-
Taxation and social security1,614-
Other creditors38,513-
40,406-
BADDOW LOCKSMITHS LTD
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation4,523-
4,523-
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each2
2-