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REGISTERED NUMBER: 00259385 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALLEN & LOCK LIMITED

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLEN & LOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs A M Lock
Mrs J H Lock





SECRETARY: Mrs A M Lock





REGISTERED OFFICE: Old Road
LISKEARD
Cornwall
PL14 6DH





REGISTERED NUMBER: 00259385 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 59,512 78,808

CURRENT ASSETS
Stocks 1,969 3,673
Debtors 6 36,103 30,601
Cash at bank and in hand 26,076 33,309
64,148 67,583
CREDITORS
Amounts falling due within one year 7 56,066 80,320
NET CURRENT ASSETS/(LIABILITIES) 8,082 (12,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,594

66,071

CREDITORS
Amounts falling due after more than one
year

8

-

(3,333

)

PROVISIONS FOR LIABILITIES (10,305 ) (13,095 )
NET ASSETS 57,289 49,643

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 55,789 48,143
SHAREHOLDERS' FUNDS 57,289 49,643

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

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

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





Mrs J H Lock - Director


ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

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

1. STATUTORY INFORMATION

Allen & Lock 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation has been charged on the freehold land as the directors feel that the land value is currently substantially more than the building value leaving any depreciation immaterial.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 2,006 12,415 277,590 292,011
Disposals - (2,236 ) - (2,236 )
At 30 September 2024 2,006 10,179 277,590 289,775
DEPRECIATION
At 1 October 2023 272 9,106 203,825 213,203
Charge for year - 433 18,441 18,874
Eliminated on disposal - (1,814 ) - (1,814 )
At 30 September 2024 272 7,725 222,266 230,263
NET BOOK VALUE
At 30 September 2024 1,734 2,454 55,324 59,512
At 30 September 2023 1,734 3,309 73,765 78,808

Included in cost of land and buildings is freehold land of £ 1,734 (2023 - £ 1,734 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 111,205
Transfer to ownership (111,205 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 84,816
Transfer to ownership (84,816 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 26,389

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,375 25,400
Other debtors 5,728 5,201
36,103 30,601

ALLEN & LOCK LIMITED (REGISTERED NUMBER: 00259385)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,374
Trade creditors 5,298 15,247
Taxation and social security 10,792 11,252
Other creditors 39,976 51,447
56,066 80,320

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 3,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 2,374