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Company Registration No. 11787317 (England and Wales)
Locksmiths of London Ltd Unaudited accounts for the year ended 31 March 2024
Locksmiths of London Ltd Unaudited accounts Contents
Page
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Locksmiths of London Ltd Company Information for the year ended 31 March 2024
Director
Mr E Ezra
Company Number
11787317 (England and Wales)
Registered Office
152 Coles Green Road London NW2 7HD
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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Locksmiths of London Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
18,000 
Tangible assets
117,000 
117,000 
132,000 
135,000 
Current assets
Debtors
57,186 
58,797 
Cash at bank and in hand
21,450 
18,345 
78,636 
77,142 
Creditors: amounts falling due within one year
(34,415)
(77,566)
Net current assets/(liabilities)
44,221 
(424)
Total assets less current liabilities
176,221 
134,576 
Creditors: amounts falling due after more than one year
(6,994)
(10,739)
Net assets
169,227 
123,837 
Capital and reserves
Called up share capital
200 
200 
Share premium
9,900 
9,900 
Profit and loss account
159,127 
113,737 
Shareholders' funds
169,227 
123,837 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2024 and were signed on its behalf by
Mr E Ezra Director Company Registration No. 11787317
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Locksmiths of London Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Locksmiths of London Ltd is a private company, limited by shares, registered in England and Wales, registration number 11787317. The registered office is 152 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 10 years on straight line basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the life of the lease
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
30,000 
At 31 March 2024
30,000 
Amortisation
At 1 April 2023
12,000 
Charge for the year
3,000 
At 31 March 2024
15,000 
Net book value
At 31 March 2024
15,000 
At 31 March 2023
18,000 
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Locksmiths of London Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
117,000 
At 31 March 2024
117,000 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
117,000 
At 31 March 2023
117,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,682 
8,357 
Other debtors
51,504 
50,440 
57,186 
58,797 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,503 
6,667 
Taxes and social security
24,412 
19,543 
Loans from directors
- 
49,244 
Accruals
2,500 
2,112 
34,415 
77,566 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,994 
10,739 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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