IRIS Accounts Production v24.3.0.553 05616570 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056165702023-03-31056165702024-03-31056165702023-04-012024-03-31056165702022-03-31056165702022-04-012023-03-31056165702023-03-3105616570ns15:EnglandWales2023-04-012024-03-3105616570ns14:PoundSterling2023-04-012024-03-3105616570ns10:Director12023-04-012024-03-3105616570ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105616570ns10:SmallEntities2023-04-012024-03-3105616570ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105616570ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105616570ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105616570ns10:FullAccounts2023-04-012024-03-3105616570ns10:CompanySecretary12023-04-012024-03-3105616570ns10:RegisteredOffice2023-04-012024-03-3105616570ns5:CurrentFinancialInstruments2024-03-3105616570ns5:CurrentFinancialInstruments2023-03-3105616570ns5:Non-currentFinancialInstruments2024-03-3105616570ns5:Non-currentFinancialInstruments2023-03-3105616570ns5:ShareCapital2024-03-3105616570ns5:ShareCapital2023-03-3105616570ns5:RetainedEarningsAccumulatedLosses2024-03-3105616570ns5:RetainedEarningsAccumulatedLosses2023-03-3105616570ns5:PlantMachinery2023-03-3105616570ns5:FurnitureFittings2023-03-3105616570ns5:MotorVehicles2023-03-3105616570ns5:ComputerEquipment2023-03-3105616570ns5:PlantMachinery2023-04-012024-03-3105616570ns5:FurnitureFittings2023-04-012024-03-3105616570ns5:MotorVehicles2023-04-012024-03-3105616570ns5:ComputerEquipment2023-04-012024-03-3105616570ns5:PlantMachinery2024-03-3105616570ns5:FurnitureFittings2024-03-3105616570ns5:MotorVehicles2024-03-3105616570ns5:ComputerEquipment2024-03-3105616570ns5:PlantMachinery2023-03-3105616570ns5:FurnitureFittings2023-03-3105616570ns5:MotorVehicles2023-03-3105616570ns5:ComputerEquipment2023-03-3105616570ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105616570ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05616570 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GCD SECURITY (LOCKSMITHS) LIMITED

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GCD SECURITY (LOCKSMITHS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P Hickman





SECRETARY: Mrs T A Hickman





REGISTERED OFFICE: 13 Reform Road
Maidenhead
Berkshire
SL6 8BY





REGISTERED NUMBER: 05616570 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,337 99,405

CURRENT ASSETS
Stocks 43,974 53,900
Debtors 5 64,209 123,095
Cash at bank and in hand 124,472 101,342
232,655 278,337
CREDITORS
Amounts falling due within one year 6 80,793 67,834
NET CURRENT ASSETS 151,862 210,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,199

309,908

CREDITORS
Amounts falling due after more than one year 7 (25,983 ) (21,667 )

PROVISIONS FOR LIABILITIES (18,331 ) (18,689 )
NET ASSETS 204,885 269,552

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 204,875 269,542
SHAREHOLDERS' FUNDS 204,885 269,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





P Hickman - Director


GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

GCD Security (Locksmiths) 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.

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.

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 25% on cost

Fixtures and fittings 10% on cost

Motor vehicles 25% on a reducing balance

Computer equipment 33% 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.

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 9 (2023 - 6 ) .

GCD SECURITY (LOCKSMITHS) LIMITED (REGISTERED NUMBER: 05616570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 68,948 90,985 87,848 35,508 283,289
Additions 216 2,235 33,805 2,415 38,671
Disposals (1,790 ) - (32,838 ) - (34,628 )
At 31 March 2024 67,374 93,220 88,815 37,923 287,332
DEPRECIATION
At 1 April 2023 57,459 48,265 43,759 34,401 183,884
Charge for year 4,034 9,249 12,556 2,343 28,182
Eliminated on disposal - - (22,071 ) - (22,071 )
At 31 March 2024 61,493 57,514 34,244 36,744 189,995
NET BOOK VALUE
At 31 March 2024 5,881 35,706 54,571 1,179 97,337
At 31 March 2023 11,489 42,720 44,089 1,107 99,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,713 95,669
Other debtors 26,496 27,426
64,209 123,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,500 18,260
Taxation and social security 15,729 28,624
Other creditors 28,564 20,950
80,793 67,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 25,983 21,667