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REGISTERED NUMBER: 04543228 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Autolock Security Systems Limited

Autolock Security Systems Limited (Registered number: 04543228)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autolock Security Systems Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S G Bryant





REGISTERED OFFICE: Unit 12, Glenmore Business Park
Wend-Al Road
Blandford
Dorset
DT11 7FP





REGISTERED NUMBER: 04543228 (England and Wales)





ACCOUNTANTS: Prosper Accountancy & Tax
204 Bourne House
23 Hinton Road
Bournemouth
Dorset
BH1 2EF

Autolock Security Systems Limited (Registered number: 04543228)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,931 208,511

CURRENT ASSETS
Stocks 8,000 8,000
Cash at bank and in hand 38,346 34,892
46,346 42,892
CREDITORS
Amounts falling due within one year 5 200,652 205,844
NET CURRENT LIABILITIES (154,306 ) (162,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,625

45,559

CREDITORS
Amounts falling due after more than one year 6 (17,944 ) (24,222 )

PROVISIONS FOR LIABILITIES (3,500 ) (3,500 )
NET ASSETS 19,181 17,837

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 18,881 17,537
SHAREHOLDERS' FUNDS 19,181 17,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Autolock Security Systems Limited (Registered number: 04543228)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:





S G Bryant - Director


Autolock Security Systems Limited (Registered number: 04543228)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Autolock Security Systems 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Autolock Security Systems Limited (Registered number: 04543228)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 100,000 159,703 259,703
Additions - 46,161 46,161
Disposals - (42,989 ) (42,989 )
At 31 October 2023 100,000 162,875 262,875
DEPRECIATION
At 1 November 2022 - 51,192 51,192
Charge for year - 16,752 16,752
At 31 October 2023 - 67,944 67,944
NET BOOK VALUE
At 31 October 2023 100,000 94,931 194,931
At 31 October 2022 100,000 108,511 208,511

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,000 46,034
Hire purchase contracts 6,000 9,420
Taxation and social security 14,684 9,225
Other creditors 173,968 141,165
200,652 205,844

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 4,333 10,333
Hire purchase contracts 13,611 13,889
17,944 24,222