1 August 2022 false No description of principal activity Taxfiler 2024.1 SC668951business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC6689512022-07-31 SC6689512022-08-012023-07-31 SC668951business:AuditExemptWithAccountantsReport2022-08-012023-07-31 SC668951business:FilletedAccounts2022-08-012023-07-31 SC6689512023-07-31 SC668951business:Director12022-08-012023-07-31 SC668951business:Director22022-08-012023-07-31 SC668951business:RegisteredOffice2022-08-012023-07-31 SC6689512022-07-31 SC668951core:WithinOneYear2023-07-31 SC668951core:WithinOneYear2022-07-31 SC668951core:AfterOneYear2023-07-31 SC668951core:AfterOneYear2022-07-31 SC668951core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC668951core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC668951core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC668951core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC668951core:PreviouslyStatedAmount2023-07-31 SC668951core:PreviouslyStatedAmount2022-07-31 SC668951business:SmallEntities2022-08-012023-07-31 SC668951countries:Scotland2022-08-012023-07-31 SC668951core:PlantMachinery2022-08-012023-07-31 SC668951core:MotorVehicles2022-08-012023-07-31 SC668951core:FurnitureFittings2022-08-012023-07-31 SC668951core:PlantMachinery2022-07-31 SC668951core:MotorVehicles2022-07-31 SC668951core:FurnitureFittings2022-07-31 SC668951core:PlantMachinery2023-07-31 SC668951core:MotorVehicles2023-07-31 SC668951core:FurnitureFittings2023-07-31 SC668951business:OrdinaryShareClass12022-08-012023-07-31 SC668951business:OrdinaryShareClass12021-08-012022-07-31 SC6689512021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC668951 (Scotland)
LKC LOCKSMITHS LTD Unaudited accounts for the year ended 31 July 2023
LKC LOCKSMITHS LTD Unaudited accounts Contents
Page
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LKC LOCKSMITHS LTD Company Information for the year ended 31 July 2023
Directors
Mr Alexander Clearie Mrs Jemma Clearie
Company Number
SC668951 (Scotland)
Registered Office
2 CHALMERS GATE GLASGOW G40 2EL SCOTLAND
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
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LKC LOCKSMITHS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,505 
45,063 
Current assets
Inventories
- 
1,400 
Cash at bank and in hand
3,612 
3,645 
3,612 
5,045 
Creditors: amounts falling due within one year
(4,113)
(4,765)
Net current (liabilities)/assets
(501)
280 
Total assets less current liabilities
40,004 
45,343 
Creditors: amounts falling due after more than one year
(38,743)
(42,236)
Net assets
1,261 
3,107 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
1,251 
3,097 
Shareholders' funds
1,261 
3,107 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by
Mr Alexander Clearie Director Company Registration No. SC668951
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LKC LOCKSMITHS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
LKC LOCKSMITHS LTD is a private company, limited by shares, registered in Scotland, registration number SC668951. The registered office is 2 CHALMERS GATE, GLASGOW, G40 2EL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
10% reducing balance
Fixtures & fittings
10% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
710 
51,580 
797 
53,087 
At 31 July 2023
710 
51,580 
797 
53,087 
Depreciation
At 1 August 2022
194 
7,678 
152 
8,024 
Charge for the year
103 
4,390 
65 
4,558 
At 31 July 2023
297 
12,068 
217 
12,582 
Net book value
At 31 July 2023
413 
39,512 
580 
40,505 
At 31 July 2022
516 
43,902 
645 
45,063 
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LKC LOCKSMITHS LTD Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
347 
- 
Obligations under finance leases and hire purchase contracts
3,334 
3,667 
Taxes and social security
432 
- 
Proposed dividends
- 
1,098 
4,113 
4,765 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
38,743 
42,236 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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