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REGISTERED NUMBER: 13087312 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Locks And Fittings Group Limited

Locks And Fittings Group Limited (Registered number: 13087312)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Locks And Fittings Group Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S W Mills
N J Mills
Mrs J A Mills
M Parry





REGISTERED OFFICE: Unit 7-8 Rollingmill Street
Walsall
West Midlands
WS2 9EQ





REGISTERED NUMBER: 13087312 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Locks And Fittings Group Limited (Registered number: 13087312)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 458,505 458,505

CURRENT ASSETS
Debtors 5 700 900

CREDITORS
Amounts falling due within one year 6 (356,401 ) (459,403 )
NET CURRENT LIABILITIES (355,701 ) (458,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,804

2

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 99,800 -
Retained earnings 2,004 (998 )
SHAREHOLDERS' FUNDS 102,804 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





M Parry - Director


Locks And Fittings Group Limited (Registered number: 13087312)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Locks And Fittings Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 458,505
NET BOOK VALUE
At 31 May 2024 458,505
At 31 May 2023 458,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 700 900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 238,501 125,075
Other creditors 117,900 334,328
356,401 459,403

Locks And Fittings Group Limited (Registered number: 13087312)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
592 Ordinary A £1 592 592
40 Ordinary B £1 40 40
40 Ordinary C £1 40 40
128 Ordinary D £1 128 128
200 Ordinary E £1 200 200
1,000 1,000

8. RELATED PARTY DISCLOSURES

Transactions with Directors

20242023
££
Dividends paid to directors21,68013,300

Amount due to directors117,900214,328

Locks and Fittings Group Limited
Parent Company

During the year Locks and Fittings Group Limited received dividends totalling £21,680 from the subsidiary company, Locks and Fittings Limited.

There is an amount owing by Locks and Fittings Group Limited of £238,501 which is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Locks and Fittings Limited have given their assurance that the amount payable will not be demanded until such time as Locks and Fittings Group Limited a can afford to do so without detriment to its operating and working capital needs.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Locks And Fittings Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Locks And Fittings Group Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Locks And Fittings Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Locks And Fittings Group Limited and state those matters that we have agreed to state to the Board of Directors of Locks And Fittings Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Locks And Fittings Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Locks And Fittings Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Locks And Fittings Group Limited. You consider that Locks And Fittings Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Locks And Fittings Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


13 September 2024