LOCKSVILLE TECHNOLOGY LIMITED

Company Registration Number:
08888779 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

LOCKSVILLE TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LOCKSVILLE TECHNOLOGY LIMITED

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

Glen Theo


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 July 2024

And signed on behalf of the board by:
Name: Glen Theo
Status: Director

LOCKSVILLE TECHNOLOGY LIMITED

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 43,867,971 36,468,725
Cost of sales: ( 41,795,697 ) ( 35,217,445 )
Gross profit(or loss): 2,072,274 1,251,280
Distribution costs: ( 445,678 ) 0
Administrative expenses: ( 591,206 ) ( 293,427 )
Operating profit(or loss): 1,035,390 957,853
Profit(or loss) before tax: 1,035,390 957,853
Tax: ( 184,272 )
Profit(or loss) for the financial year: 1,035,390 773,581

LOCKSVILLE TECHNOLOGY LIMITED

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Called up share capital not paid: 4,500 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 349,522 0
Investments: 4 56,731
Total fixed assets: 406,253 0
Current assets
Debtors: 5 649,194 1,264,200
Cash at bank and in hand: 1,845,697 2,160,585
Total current assets: 2,494,891 3,424,785
Creditors: amounts falling due within one year: 6 ( 213,556 ) ( 1,133,655 )
Net current assets (liabilities): 2,281,335 2,291,130
Total assets less current liabilities: 2,692,088 2,291,130
Creditors: amounts falling due after more than one year: 7 ( 171,435 )
Provision for liabilities: ( 76,345 ) ( 12,000 )
Accruals and deferred income: ( 41,371 )
Total net assets (liabilities): 2,402,937 2,279,130
Capital and reserves
Called up share capital: 5,000 1
Other reserves: 1,362,547 1,505,548
Profit and loss account: 1,035,390 773,581
Total Shareholders' funds: 2,402,937 2,279,130

The notes form part of these financial statements

LOCKSVILLE TECHNOLOGY LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 July 2024
and signed on behalf of the board by:

Name: Glen Theo
Status: Director

The notes form part of these financial statements

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is Recognised When it is Probable that ItsEconomic Benefits associated with tranactions willflow to company and the amount of revenue andassociated cost can reliably measured.

    Tangible fixed assets depreciation policy

    Assets Should be depreciated at Reducing Balance Method at 10% Annually.

    Other accounting policies

    Accounting PoliciesBasis of measurement and preparationThese financial statements have been prepared inaccordance with the provisions of Section l A (SmallEntities) of Financial Reporting Standards 102.

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 32 23

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 0 0 0 0 0 0
Additions 44,000 53,600 143,171 77,691 31,060 349,522
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 28 February 2024 44,000 53,600 143,171 77,691 31,060 349,522
Depreciation
At 1 March 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 28 February 2024 0 0 0 0 0 0
Net book value
At 28 February 2024 44,000 53,600 143,171 77,691 31,060 349,522
At 28 February 2023 0 0 0 0 0 0

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Fixed assets investments note

Fixed Assets Investement noteComputers, Scanners, Printers, Mobiles, Furniture,Fans, Heater, Air Conditioner, Car, Soft Switches.

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 649,194 1,264,200
Total 649,194 1,264,200

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 213,556 1,133,655
Total 213,556 1,133,655

LOCKSVILLE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 171,435
Total 171,435