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REGISTERED NUMBER: 00259385 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ALLEN & LOCK LIMITED

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLEN & LOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs A M Lock
Mrs J H Lock





SECRETARY: Mrs A M Lock





REGISTERED OFFICE: Old Road
LISKEARD
Cornwall
PL14 6DH





REGISTERED NUMBER: 00259385 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 78,808 103,359

CURRENT ASSETS
Stocks 3,673 4,528
Debtors 6 30,601 54,011
Cash at bank and in hand 33,309 25,021
67,583 83,560
CREDITORS
Amounts falling due within one year 7 80,320 96,155
NET CURRENT LIABILITIES (12,737 ) (12,595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,071

90,764

CREDITORS
Amounts falling due after more than one year 8 (3,333 ) (18,981 )

PROVISIONS FOR LIABILITIES (13,095 ) (7,319 )
NET ASSETS 49,643 64,464

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 48,143 62,964
SHAREHOLDERS' FUNDS 49,643 64,464

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





Mrs J H Lock - Director


ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Allen & Lock 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation has been charged on the freehold land as the directors feel that the land value is currently substantially more than the building value leaving any depreciation immaterial.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2022 2,006 12,461 277,590 292,057
Additions - 2,357 - 2,357
Disposals - (2,403 ) - (2,403 )
At 30 September 2023 2,006 12,415 277,590 292,011
DEPRECIATION
At 1 October 2022 272 9,190 179,236 188,698
Charge for year - 583 24,589 25,172
Eliminated on disposal - (667 ) - (667 )
At 30 September 2023 272 9,106 203,825 213,203
NET BOOK VALUE
At 30 September 2023 1,734 3,309 73,765 78,808
At 30 September 2022 1,734 3,271 98,354 103,359

Included in cost of land and buildings is freehold land of £ 1,734 (2022 - £ 1,734 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 111,205
DEPRECIATION
At 1 October 2022 76,019
Charge for year 8,797
At 30 September 2023 84,816
NET BOOK VALUE
At 30 September 2023 26,389
At 30 September 2022 35,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,400 48,787
Other debtors 5,201 5,224
30,601 54,011

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,374 14,301
Trade creditors 15,247 19,060
Taxation and social security 11,252 9,189
Other creditors 51,447 53,605
80,320 96,155

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 2,314
Other creditors 3,333 16,667
3,333 18,981

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 2,374 16,615

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs A M Lock
Balance outstanding at start of year (13,721 ) (19,021 )
Amounts advanced 1,975 5,300
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,746 ) (13,721 )

Mrs J H Lock
Balance outstanding at start of year (23,302 ) (18,677 )
Amounts advanced 175 -
Amounts repaid - (4,625 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,127 ) (23,302 )