REGISTERED NUMBER: 09191598 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Lockdown Shutters Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A R Danbury

Mr S A Oakley

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

09191598 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Tangible assets

4

69,746

91,997

CURRENT ASSETS

Stocks

5

11,060

17,990

Debtors

6

780

25,131

Cash at bank

70,391

55,831

82,231

98,952

CREDITORS

Amounts falling due within one year

7

24,926

31,800

NET CURRENT ASSETS

57,305

67,152

TOTAL ASSETS LESS CURRENT LIABILITIES

127,051

159,149

CREDITORS

Amounts falling due after more than one year

8

(42,717

)

(58,936

)

PROVISIONS FOR LIABILITIES

-

(17,479

)

NET ASSETS

84,334

82,734

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

84,332

82,732

SHAREHOLDERS' FUNDS

84,334

82,734

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

Mr A R Danbury - Director

Mr S A Oakley - Director

1.	STATUTORY INFORMATION

Lockdown Shutters 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2023

54,130

8,611

97,403

1,215

161,359

Additions

-

-

-

999

999

At 31 August 2024

54,130

8,611

97,403

2,214

162,358

DEPRECIATION

At 1 September 2023

28,814

4,277

35,568

703

69,362

Charge for year

6,329

1,084

15,459

378

23,250

At 31 August 2024

35,143

5,361

51,027

1,081

92,612

NET BOOK VALUE

At 31 August 2024

18,987

3,250

46,376

1,133

69,746

At 31 August 2023

25,316

4,334

61,835

512

91,997

5.

STOCKS

2024

2023

£

£

Stocks and wip

11,060

17,990

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

780

25,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

7,920

10,616

Trade creditors

1

-

Tax

6,247

1,351

Social security and other taxes

-

150

VAT

6,409

4,704

Credit card control

2,646

2,876

Directors' current accounts

1,486

12,103

Accrued expenses

217

-

24,926

31,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

20,934

29,621

Hire purchase contracts

21,783

29,315

42,717

58,936