Company Registration No. 07571903 (England and Wales)
Lockdecoders Ltd
Unaudited accounts
for the year ended 31 March 2023
Lockdecoders Ltd
Unaudited accounts
Contents
Lockdecoders Ltd
Company Information
for the year ended 31 March 2023
Director
Peter Lawrence Southern
Company Number
07571903 (England and Wales)
Registered Office
Unit 12d Armstrong Court
Armstrong Way
Ashington
NE63 8HP
England
Lockdecoders Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
13,909
29,007
Inventories
82,215
101,285
Cash at bank and in hand
22,632
52,838
Creditors: amounts falling due within one year
(53,182)
(104,504)
Net current assets
73,683
71,297
Total assets less current liabilities
87,592
100,304
Creditors: amounts falling due after more than one year
(132,377)
(121,250)
Provisions for liabilities
Other provisions
(1,085)
(1,085)
Net liabilities
(45,870)
(22,031)
Called up share capital
1,100
1,100
Revaluation reserve
21,030
21,030
Profit and loss account
(68,000)
(44,161)
Shareholders' funds
(45,870)
(22,031)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 23 April 2024 and were signed on its behalf by
Peter Lawrence Southern
Director
Company Registration No. 07571903
Lockdecoders Ltd
Notes to the Accounts
for the year ended 31 March 2023
Lockdecoders Ltd is a private company, limited by shares, registered in England and Wales, registration number 07571903. The registered office is Unit 12d Armstrong Court, Armstrong Way, Ashington, NE63 8HP, England.
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% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Lockdecoders Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
5,983
11,878
61,521
79,382
Disposals
-
(11,878)
-
(11,878)
At 31 March 2023
5,983
-
61,521
67,504
At 1 April 2022
5,983
878
43,514
50,375
Charge for the year
-
-
4,098
4,098
On disposals
-
(878)
-
(878)
At 31 March 2023
5,983
-
47,612
53,595
At 31 March 2023
-
-
13,909
13,909
At 31 March 2022
-
11,000
18,007
29,007
Amounts falling due within one year
Trade debtors
14,037
11,924
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,175
7,815
Trade creditors
29,974
62,659
Taxes and social security
7,423
15,951
Other creditors
10,610
18,079
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
60,873
80,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).