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Company Registration No. 07571903 (England and Wales)
Lockdecoders Ltd Unaudited accounts for the year ended 31 March 2023
Lockdecoders Ltd Unaudited accounts Contents
Page
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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
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Lockdecoders Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,909 
29,007 
Current assets
Inventories
82,215 
101,285 
Debtors
22,018 
21,678 
Cash at bank and in hand
22,632 
52,838 
126,865 
175,801 
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)
Capital and reserves
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
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Lockdecoders Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
280,500 
At 31 March 2023
280,500 
Amortisation
At 1 April 2022
280,500 
At 31 March 2023
280,500 
Net book value
At 31 March 2023
- 
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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 
Depreciation
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 
Net book value
At 31 March 2023
- 
- 
13,909 
13,909 
At 31 March 2022
- 
11,000 
18,007 
29,007 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,037 
11,924 
Other debtors
7,981 
9,754 
22,018 
21,678 
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 
53,182 
104,504 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
71,504 
41,250 
Other creditors
60,873 
80,000 
132,377 
121,250 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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