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REGISTERED NUMBER: 04910965 (England and Wales)










AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALCOLOCK UK LIMITED

ALCOLOCK UK LIMITED (REGISTERED NUMBER: 04910965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALCOLOCK UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Felix John Edmund Comeau





Secretaries: Felix John Edmund Comeau
Vistra Company Secretaries Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 04910965 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

ALCOLOCK UK LIMITED (REGISTERED NUMBER: 04910965)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,745 2,326

CURRENT ASSETS
Stocks 4,368 7,140
Debtors 5 19,055 10,048
Cash at bank 40,065 1,967
63,488 19,155
CREDITORS
Amounts falling due within one year 6 (1,341,399 ) (1,241,414 )
NET CURRENT LIABILITIES (1,277,911 ) (1,222,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,276,166

)

(1,219,933

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,276,167 ) (1,219,934 )
SHAREHOLDERS' FUNDS (1,276,166 ) (1,219,933 )

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 30 September 2024 and were signed by:





Felix John Edmund Comeau - Director


ALCOLOCK UK LIMITED (REGISTERED NUMBER: 04910965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Alcolock UK 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 Company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the assets to the location and condition necessary for them to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates.

Plant and machinery- Straight line over 5 years

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 has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ALCOLOCK UK LIMITED (REGISTERED NUMBER: 04910965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
The going concern basis has been considered appropriate by the director as the parent undertaking, Alcohol Countermeasure Systems ( International) Inc. has indicated that will continue to support the company financially for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 January 2023
and 31 December 2023 2,907
Depreciation
At 1 January 2023 581
Charge for year 581
At 31 December 2023 1,162
Net book value
At 31 December 2023 1,745
At 31 December 2022 2,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 18,766 9,791
Other debtors 289 257
19,055 10,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 5,583 2,439
Taxation and social security 7,807 3,491
Other creditors 1,328,009 1,235,484
1,341,399 1,241,414

ALCOLOCK UK LIMITED (REGISTERED NUMBER: 04910965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

Basis for qualified opinion
We were unable to obtain sufficient appropriate audit evidence that cost of sales and expenditure, were not materially misstated, due to a loss of data by the company. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

Material uncertainty related to going concern
We draw attention to note 3 to the financial statements, which indicates that the company incurred a loss of £56,233 during the year ended 31 December 2023 and, as of that date, the company's current liabilities exceeded its total assets by £1,277,911. As states in note 3, this indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

8. CONTROLLING PARTY

The company is a wholly owned subsidiary of Alcohol Countermeasure Systems (International) Inc, a company incorporated in Canada.