01669436falseThe manufacture of Hush and Lock On pulling in dogs2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-07-31http://www.companieshouse.gov.uk/cd:Director22023-08-012024-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2023-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2024-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FRS1022023-08-012024-07-31http://www.companieshouse.gov.uk/2024-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-08-012024-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-08-012024-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01669436

Locton Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
Johnston and Co
Accountants
Cherry Trees
DY12 3LE

Locton Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
A C Wright
D Hancocks
REGISTERED OFFICE
Saxon Business Park
Hanbury Road Stoke Prior
Bromsgrove
Worcestershire
B60 4AD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01669436
ACCOUNTANTS
Johnston and Co
Accountants
Cherry Trees
DY12 3LE

Locton Limited

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Locton Limited

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Tangible assets330,473587
CURRENT ASSETS
Stock30,00019,880
Debtors631,65248,966
Cash at bank and in hand112,894110,043
174,546178,889
CREDITORS: Amounts falling due within one year755,96344,076
NET CURRENT ASSETS118,583134,813
TOTAL ASSETS LESS CURRENT LIABILITIES149,056135,400
PROVISIONS FOR LIABILITIES AND CHARGES8-111
NET ASSETS149,056135,289
CAPITAL AND RESERVES
Called up share capital92,0002,000
Profit and loss account147,056133,289
SHAREHOLDERS' FUNDS149,056135,289
For the year ending 31/07/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/12/2024 and signed on their behalf by
.............................
A C Wright
Director
.............................
D Hancocks
Director

Locton Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 15%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

Locton Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/08/202336,380-36,380
Additions-37,46737,467
At 31/07/202436,38037,46773,847
Depreciation
At 01/08/202335,793-35,793
For the year887,4937,581
At 31/07/202435,8817,49343,374
Net Book Amounts
At 31/07/202449929,97430,473
At 31/07/2023587-587
4. FINANCIAL ASSETS
Cost
Amortisation
Net Book Amounts
5. STOCK 20242023
££
Stock comprises:
Stock of finished goods30,00019,880
30,00019,880

Locton Limited

6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors26,64444,849
VAT3,3354,117
Prepayments1,673-
31,65248,966
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,34822,150
PAYE control3,5451,375
Directors current account22,000-
Trade creditors24,97016,402
Accruals4,1004,149
55,96344,076
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation-111
-111
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2000 Ordinary shares of £1 each20002000
2,0002,000