IRIS Accounts Production v24.2.0.383 12311457 director 1.1.23 31.12.23 31.12.23 false true false false true false Called up share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123114572022-12-31123114572023-12-31123114572023-01-012023-12-31123114572021-12-31123114572022-01-012022-12-31123114572022-12-3112311457ns15:EnglandWales2023-01-012023-12-3112311457ns14:PoundSterling2023-01-012023-12-3112311457ns10:Director12023-01-012023-12-3112311457ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112311457ns10:SmallEntities2023-01-012023-12-3112311457ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112311457ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112311457ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112311457ns10:FullAccounts2023-01-012023-12-3112311457ns10:OrdinaryShareClass12023-01-012023-12-3112311457ns10:RegisteredOffice2023-01-012023-12-3112311457ns5:CurrentFinancialInstruments2023-12-3112311457ns5:CurrentFinancialInstruments2022-12-3112311457ns5:Non-currentFinancialInstruments2023-12-3112311457ns5:Non-currentFinancialInstruments2022-12-3112311457ns5:ShareCapital2023-12-3112311457ns5:ShareCapital2022-12-3112311457ns5:RetainedEarningsAccumulatedLosses2023-12-3112311457ns5:RetainedEarningsAccumulatedLosses2022-12-3112311457ns5:MotorVehicles2023-01-012023-12-3112311457ns5:MotorVehicles2022-12-3112311457ns5:MotorVehicles2023-12-3112311457ns5:MotorVehicles2022-12-3112311457ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112311457ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3112311457ns5:DeferredTaxation2022-12-3112311457ns5:DeferredTaxation2023-01-012023-12-3112311457ns5:DeferredTaxation2023-12-3112311457ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 12311457 (England and Wales)















M Locks and Plumbing Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






M Locks and Plumbing Limited (Registered number: 12311457)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M Locks and Plumbing Limited

Company Information
for the Year Ended 31 December 2023







Director: Mark Yarwood





Registered office: 17 Springburn Close
Worsley
Manchester
M28 1XN





Registered number: 12311457 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

M Locks and Plumbing Limited (Registered number: 12311457)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,684 24,912

Current assets
Stocks 3,150 3,150
Debtors 5 2,947 3,681
Cash at bank and in hand 24,296 18,192
30,393 25,023
Creditors
Amounts falling due within one year 6 32,898 23,144
Net current (liabilities)/assets (2,505 ) 1,879
Total assets less current liabilities 16,179 26,791

Creditors
Amounts falling due after more than
one year

7

(13,528

)

(21,740

)

Provisions for liabilities 8 (3,550 ) (4,734 )
Net (liabilities)/assets (899 ) 317

Capital and reserves
Called up share capital 9 100 100
Retained earnings (999 ) 217
Shareholders' funds (899 ) 317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

M Locks and Plumbing Limited (Registered number: 12311457)

Statement of Financial Position - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Mark Yarwood - Director


M Locks and Plumbing Limited (Registered number: 12311457)

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

1. Statutory information

M Locks and Plumbing 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 fair value for locksmith and plumbing services supplied, net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


M Locks and Plumbing Limited (Registered number: 12311457)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 1 (2022 - 1 ) .

4. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 January 2023
and 31 December 2023 26,573
Depreciation
At 1 January 2023 1,661
Charge for year 6,228
At 31 December 2023 7,889
Net book value
At 31 December 2023 18,684
At 31 December 2022 24,912

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 105 1,302
Other debtors 2,842 2,379
2,947 3,681

M Locks and Plumbing Limited (Registered number: 12311457)

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

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loan 8,897 9,584
Trade creditors 1,767 1,133
Taxation and social security 2,122 (160 )
Other creditors 20,112 12,587
32,898 23,144

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loan 13,528 21,740

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 3,550 4,734

Deferred
tax
£   
Balance at 1 January 2023 4,734
Provided during year (1,184 )
Balance at 31 December 2023 3,550

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Called up share capital 1 100 100

10. Going concern

The company relies on the ongoing financial support of its director in respect of his undrawn loan account to facilitate the continuation of its business activity. The director has agreed to only withdraw his loan account in small tranches as and when cash flow permits and is therefore able to prepare the financial statements on the basis of the going concern concept.