Company Registration No. 09000728 (England and Wales)
LOCKTEC SECURITY SERVICES LIMITED
Unaudited accounts
for the year ended 30 April 2024
LOCKTEC SECURITY SERVICES LIMITED
Unaudited accounts
Contents
LOCKTEC SECURITY SERVICES LIMITED
Company Information
for the year ended 30 April 2024
Directors
Julian Harris
Cheryl Harris
Company Number
09000728 (England and Wales)
Registered Office
24-26 FOWLER ROAD
HAINAULT BUSINESS PARK
ILFORD
ESSEX
IG6 3UT
ENGLAND
Accountants
Fox Accountancy Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
LOCKTEC SECURITY SERVICES LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
8,599
25,727
Cash at bank and in hand
126,192
184,510
Creditors: amounts falling due within one year
(97,670)
(122,264)
Net current assets
235,180
317,307
Total assets less current liabilities
245,335
343,233
Creditors: amounts falling due after more than one year
(13,062)
(35,484)
Net assets
232,273
307,749
Called up share capital
2
2
Profit and loss account
232,271
307,747
Shareholders' funds
232,273
307,749
For the year ending 30 April 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Julian Harris
Director
Company Registration No. 09000728
LOCKTEC SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
LOCKTEC SECURITY SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09000728. The registered office is 24-26 FOWLER ROAD, HAINAULT BUSINESS PARK, ILFORD, ESSEX, IG6 3UT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
LOCKTEC SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
Charge for the year
17,128
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
1,857
15,533
17,390
At 30 April 2024
3,800
15,533
19,333
At 1 May 2023
1,658
15,533
17,191
Charge for the year
586
-
586
At 30 April 2024
2,244
15,533
17,777
At 30 April 2024
1,556
-
1,556
At 30 April 2023
199
-
199
Amounts falling due within one year
Trade debtors
44,810
66,468
Accrued income and prepayments
3,724
3,434
Other debtors
143,124
170,110
LOCKTEC SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,517
Trade creditors
50,607
61,707
Taxes and social security
13,137
14,609
Other creditors
9,222
9,220
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
70,133
38,918
49,621
59,430
Loan
70,133
38,917
49,620
59,430
140,266
77,835
99,241
118,860
Loans to Directors are included under other debtors. The loans are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).