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REGISTERED NUMBER: 01112787 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LOCKWOOD (LEAMINGTON) LIMITED

LOCKWOOD (LEAMINGTON) LIMITED (REGISTERED NUMBER: 01112787)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCKWOOD (LEAMINGTON) LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: N L Grainger
Mrs M L Watts





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: 01112787 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

LOCKWOOD (LEAMINGTON) LIMITED (REGISTERED NUMBER: 01112787)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 243,337 247,115

CURRENT ASSETS
Stocks 507,620 465,000
Debtors 6 74,389 36,618
Cash at bank and in hand 33,634 39,832
615,643 541,450
CREDITORS
Amounts falling due within one year 7 230,672 175,872
NET CURRENT ASSETS 384,971 365,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,308

612,693

CREDITORS
Amounts falling due after more than one
year

8

(414,543

)

(420,130

)

PROVISIONS FOR LIABILITIES (2,100 ) (1,171 )
NET ASSETS 211,665 191,392

CAPITAL AND RESERVES
Called up share capital 9 40,000 40,000
Retained earnings 171,665 151,392
SHAREHOLDERS' FUNDS 211,665 191,392

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

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

The directors acknowledge their 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.

LOCKWOOD (LEAMINGTON) LIMITED (REGISTERED NUMBER: 01112787)

BALANCE SHEET - continued
31 May 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 by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





N L Grainger - Director


LOCKWOOD (LEAMINGTON) LIMITED (REGISTERED NUMBER: 01112787)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Lockwood (Leamington) 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 50% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

LOCKWOOD (LEAMINGTON) LIMITED (REGISTERED NUMBER: 01112787)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 June 2023 295,758 32,274 195,891
Additions - - 1,971
At 31 May 2024 295,758 32,274 197,862
DEPRECIATION
At 1 June 2023 78,182 9,855 190,159
Charge for year 2,862 646 1,744
At 31 May 2024 81,044 10,501 191,903
NET BOOK VALUE
At 31 May 2024 214,714 21,773 5,959
At 31 May 2023 217,576 22,419 5,732

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 3,152 33,748 560,823
Additions - 369 2,340
At 31 May 2024 3,152 34,117 563,163
DEPRECIATION
At 1 June 2023 1,892 33,620 313,708
Charge for year 630 236 6,118
At 31 May 2024 2,522 33,856 319,826
NET BOOK VALUE
At 31 May 2024 630 261 243,337
At 31 May 2023 1,260 128 247,115

Included in cost of land and buildings is freehold land of £ 152,664 (2023 - £ 152,664 ) which is not depreciated.

LOCKWOOD (LEAMINGTON) LIMITED (REGISTERED NUMBER: 01112787)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,669 24,728
Other debtors 33 -
Prepayments and accrued income 10,687 11,890
74,389 36,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,438 -
Trade creditors 80,821 58,114
Taxation 8,541 15,056
Social security and other taxes 4,614 3,883
VAT 20,164 14,653
Other creditors 105,607 78,767
Accrued expenses 4,487 5,399
230,672 175,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
CBIL Loan 14,864 22,619
Other creditors 399,679 397,511
414,543 420,130

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40,000 Ordinary £1 40,000 40,000

10. RELATED PARTY DISCLOSURES

At 31 May 2024, the company owed the directors £105,607 (2023: £78,767).