2023-06-012024-05-312024-05-31false13391320LOCKSMITH 247 LTD2024-10-1096090iso4217:GBPxbrli:pure133913202023-06-01133913202024-05-31133913202023-06-012024-05-31133913202022-06-01133913202023-05-31133913202022-06-012023-05-3113391320bus:SmallEntities2023-06-012024-05-3113391320bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3113391320bus:AbridgedAccounts2023-06-012024-05-3113391320bus:PrivateLimitedCompanyLtd2023-06-012024-05-3113391320core:WithinOneYear2024-05-3113391320core:AfterOneYear2024-05-3113391320core:WithinOneYear2023-05-3113391320core:AfterOneYear2023-05-3113391320core:ShareCapital2024-05-3113391320core:SharePremium2024-05-3113391320core:RevaluationReserve2024-05-3113391320core:OtherReservesSubtotal2024-05-3113391320core:RetainedEarningsAccumulatedLosses2024-05-3113391320core:ShareCapital2023-05-3113391320core:SharePremium2023-05-3113391320core:RevaluationReserve2023-05-3113391320core:OtherReservesSubtotal2023-05-3113391320core:RetainedEarningsAccumulatedLosses2023-05-3113391320core:LandBuildings2024-05-3113391320core:PlantMachinery2024-05-3113391320core:Vehicles2024-05-3113391320core:FurnitureFittings2024-05-3113391320core:OfficeEquipment2024-05-3113391320core:NetGoodwill2024-05-3113391320core:IntangibleAssetsOtherThanGoodwill2024-05-3113391320core:ListedExchangeTraded2024-05-3113391320core:UnlistedNon-exchangeTraded2024-05-3113391320core:LandBuildings2023-05-3113391320core:PlantMachinery2023-05-3113391320core:Vehicles2023-05-3113391320core:FurnitureFittings2023-05-3113391320core:OfficeEquipment2023-05-3113391320core:NetGoodwill2023-05-3113391320core:IntangibleAssetsOtherThanGoodwill2023-05-3113391320core:ListedExchangeTraded2023-05-3113391320core:UnlistedNon-exchangeTraded2023-05-3113391320core:LandBuildings2023-06-012024-05-3113391320core:PlantMachinery2023-06-012024-05-3113391320core:Vehicles2023-06-012024-05-3113391320core:FurnitureFittings2023-06-012024-05-3113391320core:OfficeEquipment2023-06-012024-05-3113391320core:NetGoodwill2023-06-012024-05-3113391320core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3113391320core:ListedExchangeTraded2023-06-012024-05-3113391320core:UnlistedNon-exchangeTraded2023-06-012024-05-3113391320core:MoreThanFiveYears2023-06-012024-05-3113391320core:Non-currentFinancialInstruments2024-05-3113391320core:Non-currentFinancialInstruments2023-05-3113391320dpl:CostSales2023-06-012024-05-3113391320dpl:DistributionCosts2023-06-012024-05-3113391320core:LandBuildings2023-06-012024-05-3113391320core:PlantMachinery2023-06-012024-05-3113391320core:Vehicles2023-06-012024-05-3113391320core:FurnitureFittings2023-06-012024-05-3113391320core:OfficeEquipment2023-06-012024-05-3113391320dpl:AdministrativeExpenses2023-06-012024-05-3113391320core:NetGoodwill2023-06-012024-05-3113391320core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3113391320dpl:GroupUndertakings2023-06-012024-05-3113391320dpl:ParticipatingInterests2023-06-012024-05-3113391320dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3113391320core:ListedExchangeTraded2023-06-012024-05-3113391320dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3113391320core:UnlistedNon-exchangeTraded2023-06-012024-05-3113391320dpl:CostSales2022-06-012023-05-3113391320dpl:DistributionCosts2022-06-012023-05-3113391320core:LandBuildings2022-06-012023-05-3113391320core:PlantMachinery2022-06-012023-05-3113391320core:Vehicles2022-06-012023-05-3113391320core:FurnitureFittings2022-06-012023-05-3113391320core:OfficeEquipment2022-06-012023-05-3113391320dpl:AdministrativeExpenses2022-06-012023-05-3113391320core:NetGoodwill2022-06-012023-05-3113391320core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3113391320dpl:GroupUndertakings2022-06-012023-05-3113391320dpl:ParticipatingInterests2022-06-012023-05-3113391320dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3113391320core:ListedExchangeTraded2022-06-012023-05-3113391320dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3113391320core:UnlistedNon-exchangeTraded2022-06-012023-05-3113391320core:NetGoodwill2024-05-3113391320core:IntangibleAssetsOtherThanGoodwill2024-05-3113391320core:LandBuildings2024-05-3113391320core:PlantMachinery2024-05-3113391320core:Vehicles2024-05-3113391320core:FurnitureFittings2024-05-3113391320core:OfficeEquipment2024-05-3113391320core:AfterOneYear2024-05-3113391320core:WithinOneYear2024-05-3113391320core:ListedExchangeTraded2024-05-3113391320core:UnlistedNon-exchangeTraded2024-05-3113391320core:ShareCapital2024-05-3113391320core:SharePremium2024-05-3113391320core:RevaluationReserve2024-05-3113391320core:OtherReservesSubtotal2024-05-3113391320core:RetainedEarningsAccumulatedLosses2024-05-3113391320core:NetGoodwill2023-05-3113391320core:IntangibleAssetsOtherThanGoodwill2023-05-3113391320core:LandBuildings2023-05-3113391320core:PlantMachinery2023-05-3113391320core:Vehicles2023-05-3113391320core:FurnitureFittings2023-05-3113391320core:OfficeEquipment2023-05-3113391320core:AfterOneYear2023-05-3113391320core:WithinOneYear2023-05-3113391320core:Liste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LOCKSMITH 247 LTD

Registered Number
13391320
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

LOCKSMITH 247 LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

James Jonathan Prentice

Registered Address

Suite L K B F House
55 Victoria Road
Burgess Hill
RH15 9LH

Registered Number

13391320 (England and Wales)
LOCKSMITH 247 LTD
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets330,99931,312
30,99931,312
Current assets
Debtors2,93914,104
Cash at bank and on hand19,28853,084
22,22767,188
Creditors amounts falling due within one year(5,369)(16,281)
Net current assets (liabilities)16,85850,907
Total assets less current liabilities47,85782,219
Creditors amounts falling due after one year(30,665)(41,716)
Net assets17,19240,503
Capital and reserves
Called up share capital100100
Profit and loss account17,09240,403
Shareholders' funds17,19240,503
The financial statements were approved and authorised for issue by the Director on 10 October 2024, and are signed on its behalf by:
James Jonathan Prentice
Director
Registered Company No. 13391320
LOCKSMITH 247 LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2352,431
Additions27,690
Disposals(37,725)
At 31 May 2442,396
Depreciation and impairment
At 01 June 2321,118
Charge for year5,718
On disposals(15,439)
At 31 May 2411,397
Net book value
At 31 May 2430,999
At 31 May 2331,312