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REGISTERED NUMBER: 03551431 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

LOCKSIDE LIMITED

LOCKSIDE LIMITED (REGISTERED NUMBER: 03551431)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCKSIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr N J Popplewell





SECRETARY: Ms D J Cox





REGISTERED OFFICE: Hill Brow
Cooks Lane
Walderton
Chichester
West Sussex
PO18 9EF





REGISTERED NUMBER: 03551431 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

LOCKSIDE LIMITED (REGISTERED NUMBER: 03551431)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,559 20,752

CURRENT ASSETS
Debtors 5 121,217 488,321
Cash at bank and in hand 213,612 134,820
334,829 623,141
CREDITORS
Amounts falling due within one year 6 312,850 579,723
NET CURRENT ASSETS 21,979 43,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,538

64,170

CREDITORS
Amounts falling due after more than one
year

7

(15,165

)

(29,228

)

PROVISIONS FOR LIABILITIES 8 (3,889 ) (5,187 )
NET ASSETS 18,484 29,755

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 18,474 29,745
SHAREHOLDERS' FUNDS 18,484 29,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

LOCKSIDE LIMITED (REGISTERED NUMBER: 03551431)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 7 January 2025 and were signed by:





Mr N J Popplewell - Director


LOCKSIDE LIMITED (REGISTERED NUMBER: 03551431)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Lockside 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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LOCKSIDE LIMITED (REGISTERED NUMBER: 03551431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 48,944
DEPRECIATION
At 1 May 2023 28,192
Charge for year 5,193
At 30 April 2024 33,385
NET BOOK VALUE
At 30 April 2024 15,559
At 30 April 2023 20,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 55,292 355,258
Other debtors 65,925 133,063
121,217 488,321

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 11,250 11,250
Hire purchase contracts 4,314 4,314
Trade creditors 185,490 344,302
Taxation and social security 64,180 43,356
Other creditors 47,616 176,501
312,850 579,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,417 20,417
Hire purchase contracts 4,748 8,811
15,165 29,228

Bank loans represents a Bounce Back loan.

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 3,889 5,187

LOCKSIDE LIMITED (REGISTERED NUMBER: 03551431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 5,187
Utilised during year (1,298 )
Balance at 30 April 2024 3,889

9. RELATED PARTY DISCLOSURES

The aggregate amount owed by the director to the company at the balance sheet date is £52,834 (30.4.23:owed to the director £40).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N J Popplewell.