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REGISTERED NUMBER: 05616570 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GCD SECURITY (LOCKSMITHS) LIMITED

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GCD SECURITY (LOCKSMITHS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P Hickman





SECRETARY: Mrs T A Hickman





REGISTERED OFFICE: 13 Reform Road
Maidenhead
Berkshire
SL6 8BY





REGISTERED NUMBER: 05616570 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,405 97,293

CURRENT ASSETS
Stocks 53,900 43,398
Debtors 5 123,095 111,195
Cash at bank and in hand 101,342 131,390
278,337 285,983
CREDITORS
Amounts falling due within one year 6 67,834 74,524
NET CURRENT ASSETS 210,503 211,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,908

308,752

CREDITORS
Amounts falling due after more than one
year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES (18,689 ) (18,244 )
NET ASSETS 269,552 258,841

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 269,542 258,831
SHAREHOLDERS' FUNDS 269,552 258,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





P Hickman - Director


GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

GCD Security (Locksmiths) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 25% on cost

Fixtures and fittings 10% on cost

Motor vehicles 25% on a reducing balance

Computer equipment 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 8 ) .

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 68,948 90,386 63,641 34,931 257,906
Additions - 599 24,207 577 25,383
At 31 March 2023 68,948 90,985 87,848 35,508 283,289
DEPRECIATION
At 1 April 2022 53,425 39,220 37,474 30,494 160,613
Charge for year 4,034 9,045 14,722 3,907 31,708
Eliminated on disposal - - (8,437 ) - (8,437 )
At 31 March 2023 57,459 48,265 43,759 34,401 183,884
NET BOOK VALUE
At 31 March 2023 11,489 42,720 44,089 1,107 99,405
At 31 March 2022 15,523 51,166 26,167 4,437 97,293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,669 86,741
Other debtors 27,426 24,454
123,095 111,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,260 34,098
Taxation and social security 28,624 14,431
Other creditors 20,950 25,995
67,834 74,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 21,667 31,667