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Registered number: 04507944
C & S Locksmiths Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04507944
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,449 12,449
Tangible Assets 5 19,909 23,422
32,358 35,871
CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 14,763 12,350
Cash at bank and in hand 163 64
24,926 22,414
Creditors: Amounts Falling Due Within One Year 8 (26,591 ) (26,555 )
NET CURRENT ASSETS (LIABILITIES) (1,665 ) (4,141 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,693 31,730
Creditors: Amounts Falling Due After More Than One Year 9 (8,128 ) (11,682 )
NET ASSETS 22,565 20,048
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 22,563 20,046
SHAREHOLDERS' FUNDS 22,565 20,048
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For the year ending 30 November 2023 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Watson
Director
8 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
C & S Locksmiths Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04507944 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Tools and equipment 15% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 12,449
As at 30 November 2023 12,449
Net Book Value
As at 30 November 2023 12,449
As at 1 December 2022 12,449
5. Tangible Assets
Plant & Machinery Tools and equipment Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 23,845 13,399 1,639 38,883
As at 30 November 2023 23,845 13,399 1,639 38,883
Depreciation
As at 1 December 2022 5,359 8,464 1,638 15,461
Provided during the period 2,773 740 - 3,513
As at 30 November 2023 8,132 9,204 1,638 18,974
Net Book Value
As at 30 November 2023 15,713 4,195 1 19,909
As at 1 December 2022 18,486 4,935 1 23,422
6. Stocks
2023 2022
£ £
Stock 10,000 10,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,763 12,350
14,763 12,350
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,554 3,554
Trade creditors 2,309 2,251
Bank loans and overdrafts 4,276 793
Social security and other tax 1,202 1,635
VAT 1,887 2,523
Credit Card 2,050 5,000
Accrued expenses 2,392 2,252
Directors' loan accounts 8,921 8,547
26,591 26,555
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,128 11,682
8,128 11,682
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,554 3,554
Later than one year and not later than five years 8,128 11,682
11,682 15,236
11,682 15,236
11. Share Capital
2023 2022
Allotted, called up but not fully paid £ £
2 Ordinary of £ 1.00 each 2 2
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