Company registration number 09190319 (England and Wales)
Lockies Auto Locksmiths Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Lockies Auto Locksmiths Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Lockies Auto Locksmiths Limited
Statement of financial position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
348
584
Current assets
Stocks
400
600
Cash at bank and in hand
1,076
434
1,476
1,034
Creditors: amounts falling due within one year
(11,430)
(12,022)
Net current liabilities
(9,954)
(10,988)
Total assets less current liabilities
(9,606)
(10,404)
Creditors: amounts falling due after more than one year
(7,038)
(8,505)
Net liabilities
(16,644)
(18,909)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(16,744)
(19,009)
Total equity
(16,644)
(18,909)
Lockies Auto Locksmiths Limited
Statement of financial position (continued)
as at 31 August 2024
- 2 -

For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 October 2024
C Bolingbroke
Director
Company registration number 09190319 (England and Wales)
Lockies Auto Locksmiths Limited
Notes to the financial statements
for the year ended 31 August 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 4 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Straight Line
Motor vehicles
25% Reducing Balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Lockies Auto Locksmiths Limited
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
5,000
Amortisation and impairment
At 1 September 2023 and 31 August 2024
5,000
Carrying amount
At 31 August 2024
-
0
At 31 August 2023
-
0
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
40,255
4,000
44,255
Depreciation and impairment
At 1 September 2023
39,938
3,733
43,671
Depreciation charged in the year
169
67
236
At 31 August 2024
40,107
3,800
43,907
Carrying amount
At 31 August 2024
148
200
348
At 31 August 2023
317
267
584
5
Company information

Lockies Auto Locksmiths Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wood Top Farm, West Lane, Sutton in Craven, West Yorkshire, BD20 7BA.

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