Registered number
06483369
One Stop Locksmiths Limited
Unaudited Filleted Accounts
31 January 2023
One Stop Locksmiths Limited
Registered number: 06483369
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,679 53,409
Current assets
Stocks 10,797 10,797
Debtors 4 83,723 120,253
Cash at bank and in hand 10,262 14,173
104,782 145,223
Creditors: amounts falling due within one year 5 (80,949) (117,452)
Net current assets 23,833 27,771
Total assets less current liabilities 59,512 81,180
Creditors: amounts falling due after more than one year 6 (33,332) (43,444)
Net assets 26,180 37,736
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,178 37,734
Shareholder's funds 26,180 37,736
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Leonard Cooney
Director
Approved by the board on 16 November 2023
One Stop Locksmiths Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 40,071 119,509 159,580
Additions 1,622 - 1,622
At 31 January 2023 41,693 119,509 161,202
Depreciation
At 1 February 2022 37,449 68,722 106,171
Charge for the year 570 18,782 19,352
At 31 January 2023 38,019 87,504 125,523
Net book value
At 31 January 2023 3,674 32,005 35,679
At 31 January 2022 2,622 50,787 53,409
4 Debtors 2023 2022
£ £
Trade debtors 83,723 120,253
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,060 20,004
Taxation and social security costs 31,902 17,480
Other creditors 47,987 79,968
80,949 117,452
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,332 43,444
7 Other information
One Stop Locksmiths Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Dunbar Place
Wickford
Essex
SS12 9PY
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