U Lock-it Limited 05927877 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the provision of storage facilities. Digita Accounts Production Advanced 6.30.9574.0 true true 05927877 2023-10-01 2024-09-30 05927877 2024-09-30 05927877 core:CurrentFinancialInstruments 2024-09-30 05927877 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05927877 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 05927877 core:FurnitureFittings 2024-09-30 05927877 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 05927877 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 05927877 core:MotorVehicles 2024-09-30 05927877 core:OfficeEquipment 2024-09-30 05927877 core:PlantMachinery 2024-09-30 05927877 bus:SmallEntities 2023-10-01 2024-09-30 05927877 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05927877 bus:FilletedAccounts 2023-10-01 2024-09-30 05927877 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05927877 bus:RegisteredOffice 2023-10-01 2024-09-30 05927877 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 05927877 bus:Director1 2023-10-01 2024-09-30 05927877 bus:Director2 2023-10-01 2024-09-30 05927877 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05927877 core:ComputerEquipment 2023-10-01 2024-09-30 05927877 core:FurnitureFittings 2023-10-01 2024-09-30 05927877 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05927877 core:LandBuildings core:ShortLeaseholdAssets 2023-10-01 2024-09-30 05927877 core:LeaseholdImprovements 2023-10-01 2024-09-30 05927877 core:MotorVehicles 2023-10-01 2024-09-30 05927877 core:OfficeEquipment 2023-10-01 2024-09-30 05927877 core:PlantMachinery 2023-10-01 2024-09-30 05927877 countries:AllCountries 2023-10-01 2024-09-30 05927877 2023-09-30 05927877 core:FurnitureFittings 2023-09-30 05927877 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 05927877 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 05927877 core:MotorVehicles 2023-09-30 05927877 core:OfficeEquipment 2023-09-30 05927877 core:PlantMachinery 2023-09-30 05927877 2022-10-01 2023-09-30 05927877 2023-09-30 05927877 core:CurrentFinancialInstruments 2023-09-30 05927877 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05927877 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 05927877 core:FurnitureFittings 2023-09-30 05927877 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 05927877 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 05927877 core:MotorVehicles 2023-09-30 05927877 core:OfficeEquipment 2023-09-30 05927877 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 05927877

U Lock-it Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

U Lock-it Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

U Lock-it Limited

Company Information

Directors

Mr Steven John Roberts

Mr Michael Joseph Roberts

Mr Julian Samuel Jackson

Company secretary

Mr Julian Samuel Jackson

Registered office

60-64 Chapel Street
Wincham
Northwich
Cheshire
CW9 6DA

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

U Lock-it Limited

(Registration number: 05927877)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,668,929

1,708,987

Current assets

 

Debtors

5

29,861

18,739

Cash at bank and in hand

 

328,480

766,741

 

358,341

785,480

Creditors: Amounts falling due within one year

6

(243,679)

(479,328)

Net current assets

 

114,662

306,152

Total assets less current liabilities

 

1,783,591

2,015,139

Creditors: Amounts falling due after more than one year

6

(175,991)

(370,090)

Net assets

 

1,607,600

1,645,049

Capital and reserves

 

Called up share capital

7

75

75

Retained earnings

1,607,525

1,644,974

Shareholders' funds

 

1,607,600

1,645,049

 

U Lock-it Limited

(Registration number: 05927877)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
Mr Julian Samuel Jackson
Company secretary and director

 

U Lock-it Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
60-64 Chapel Street
Wincham
Northwich
Cheshire
CW9 6DA

These financial statements were authorised for issue by the Board on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

U Lock-it Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% straight line

Computer equipment

25% straight line

Plant & machinery

5% reducing balance

Motor vehicles

20% straight line

Improvements to property

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

U Lock-it Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 8).

4

Tangible assets

 

U Lock-it Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Land and buildings
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

574,765

41,534

149,196

1,462,697

17,548

61,123

2,306,863

Additions

-

-

-

50,816

-

9,950

60,766

Disposals

-

-

-

(3,353)

-

(11,700)

(15,053)

At 30 September 2024

574,765

41,534

149,196

1,510,160

17,548

59,373

2,352,576

Depreciation

At 1 October 2023

-

22,636

132,429

393,969

17,218

31,624

597,876

Charge for the year

-

3,830

7,558

67,659

121

10,110

89,278

Eliminated on disposal

-

-

-

(1,752)

-

(1,755)

(3,507)

At 30 September 2024

-

26,466

139,987

459,876

17,339

39,979

683,647

Carrying amount

At 30 September 2024

574,765

15,068

9,209

1,050,284

209

19,394

1,668,929

At 30 September 2023

574,765

18,898

16,767

1,068,728

330

29,499

1,708,987

 

U Lock-it Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

11,574

9,492

Prepayments

18,287

9,247

 

29,861

18,739

 

U Lock-it Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

29,602

71,216

Taxation and social security

108,660

286,784

Accruals and deferred income

69,256

87,145

Other creditors

36,161

34,183

243,679

479,328

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

47,994

104,093

Other non-current financial liabilities

 

127,997

265,997

 

175,991

370,090

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

75

75

75

75

       

8

Related party transactions

During the year rent was paid to Rojac (UK) Limited, a company under the control of the directors, amounting to £18,000. As at the year end the company was owed by Rojac (UK) Limited £12,095 (2023 - £12,095). The amounts are unsecured, interest free and repayable on demand.

During the year rent was paid to G.M.W. Estates Limited, a company under the control of the directors, amounting to £6,500. As at the year end the company owed to G.M.W. Estates Limited £231,000 (2023 - £294,000). The amounts are unsecured, interest free and repayable on demand.

As at the year end the company was owed by WR Roberts and Sons £90,907 (2023: £55,907). The amounts are unsecured, interest free and repayable on demand.