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REGISTERED NUMBER: 05429315 (England and Wales)













DENNIS LOCK & KEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


DENNIS LOCK & KEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D E Stokes
Mrs V A Stokes
M D Stokes
Mrs J Wright





SECRETARY: Mrs J M Wright





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 05429315 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 54,000
Tangible assets 5 43,317 32,908
79,317 86,908

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 6 108,570 93,251
Cash at bank and in hand 36,596 14,788
162,166 125,039
CREDITORS
Amounts falling due within one year 7 153,279 104,886
NET CURRENT ASSETS 8,887 20,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,204

107,061

CREDITORS
Amounts falling due after more than one
year

8

(11,786

)

(21,739

)

PROVISIONS FOR LIABILITIES 11 (10,421 ) (5,874 )
NET ASSETS 65,997 79,448

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 65,897 79,348
SHAREHOLDERS' FUNDS 65,997 79,448

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 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.

DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)

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 Statement of Income and Retained Earnings has not been delivered.

m the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





Mrs V A Stokes - Director


DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)

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

1. STATUTORY INFORMATION

Dennis Lock & Key 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 360,000
AMORTISATION
At 1 May 2023 306,000
Amortisation for year 18,000
At 30 April 2024 324,000
NET BOOK VALUE
At 30 April 2024 36,000
At 30 April 2023 54,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 43,182 85,338 9,355 137,875
Additions 14,193 4,330 - 18,523
At 30 April 2024 57,375 89,668 9,355 156,398
DEPRECIATION
At 1 May 2023 33,575 63,350 8,042 104,967
Charge for year 2,264 5,587 263 8,114
At 30 April 2024 35,839 68,937 8,305 113,081
NET BOOK VALUE
At 30 April 2024 21,536 20,731 1,050 43,317
At 30 April 2023 9,607 21,988 1,313 32,908

DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,146 84,110
Other Debtors 18,910 -
Prepayments 6,514 9,141
108,570 93,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,422 17,427
Social security and other taxes 104,979 69,628
Other creditors 7,749 6,572
Bank loan 10,648 10,648
Directors' current accounts 481 611
153,279 104,886

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 11,786 21,739

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,138 11,091

10. LEASING AGREEMENTS
At the year end the company had total commitments under an operating lease expiring after 3 years of £108,000.00

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,421 5,874

DENNIS LOCK & KEY LIMITED (REGISTERED NUMBER: 05429315)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 5,874
Capital allowances 4,547
Balance at 30 April 2024 10,421

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. ULTIMATE CONTROLLING PARTY

The company is controlled by D.E. Stokes and V.A. Stokes.