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REGISTERED NUMBER: 11678241 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cheshire Lock & Safe Company Ltd

Cheshire Lock & Safe Company Ltd (Registered number: 11678241)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cheshire Lock & Safe Company Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R D Cooke
Mrs S A King





REGISTERED OFFICE: Unit 3 Fence Avenue
Macclesfield
SK10 1LT





REGISTERED NUMBER: 11678241 (England and Wales)





ACCOUNTANTS: Clayton and Clayton Accountants LLP
Chartered Certified Accountants
64 Market Street
New Mills
HIGH PEAK
SK22 4AA

Cheshire Lock & Safe Company Ltd (Registered number: 11678241)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,230 37,998
45,230 37,998

CURRENT ASSETS
Stocks 23,381 33,211
Debtors 6 39,122 22,260
Cash at bank and in hand 75,253 91,164
137,756 146,635
CREDITORS
Amounts falling due within one year 7 62,075 60,628
NET CURRENT ASSETS 75,681 86,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,911

124,005

CREDITORS
Amounts falling due after more than
one year

8

(15,216

)

(34,299

)

PROVISIONS FOR LIABILITIES (9,051 ) (7,220 )
NET ASSETS 96,644 82,486

Cheshire Lock & Safe Company Ltd (Registered number: 11678241)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,544 82,386
96,644 82,486

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





R D Cooke - Director


Cheshire Lock & Safe Company Ltd (Registered number: 11678241)

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

1. STATUTORY INFORMATION

Cheshire Lock & Safe Company Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost and 20% on cost

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.


Cheshire Lock & Safe Company Ltd (Registered number: 11678241)

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 45,000
AMORTISATION
At 1 January 2023
and 31 December 2023 45,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Cheshire Lock & Safe Company Ltd (Registered number: 11678241)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 79,608
Additions 43,683
Disposals (30,585 )
At 31 December 2023 92,706
DEPRECIATION
At 1 January 2023 41,610
Charge for year 11,063
Eliminated on disposal (5,197 )
At 31 December 2023 47,476
NET BOOK VALUE
At 31 December 2023 45,230
At 31 December 2022 37,998

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 26,728 22,260

Amounts falling due after more than one year:
Other debtors 12,394 -

Aggregate amounts 39,122 22,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 -
Trade creditors 15,297 20,725
Taxation and social security 36,080 38,994
Other creditors 50 909
62,075 60,628

Cheshire Lock & Safe Company Ltd (Registered number: 11678241)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,216 34,299