Company Registration No. SC668951 (Scotland)
LKC LOCKSMITHS LTD
Unaudited accounts
for the year ended 31 July 2023
LKC LOCKSMITHS LTD
Unaudited accounts
Contents
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
LKC LOCKSMITHS LTD
Statement of financial position
as at 31 July 2023
Tangible assets
40,505
45,063
Cash at bank and in hand
3,612
3,645
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)
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
LKC LOCKSMITHS LTD
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2023
413
39,512
580
40,505
At 31 July 2022
516
43,902
645
45,063
LKC LOCKSMITHS LTD
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,334
3,667
Taxes and social security
432
-
Proposed dividends
-
1,098
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
38,743
42,236
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).