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REGISTERED NUMBER: 04602720 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

R.S. Locksmiths Limited

R.S. Locksmiths Limited (Registered number: 04602720)






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


R.S. Locksmiths Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr Robert Stoddart





REGISTERED OFFICE: 83 Russell Lane
Whetstone
London
N20 0BA





REGISTERED NUMBER: 04602720 (England and Wales)





ACCOUNTANTS: Alexander Associates
24A Aldermans Hill
Palmers Green
London
N13 4PN

R.S. Locksmiths Limited (Registered number: 04602720)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 526,287 561,373
Tangible assets 5 262,896 137,948
789,183 699,321

CURRENT ASSETS
Stocks 86,752 85,000
Debtors 6 154,115 217,722
Cash at bank 349,319 410,822
590,186 713,544
CREDITORS
Amounts falling due within one year 7 272,736 406,919
NET CURRENT ASSETS 317,450 306,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,106,633

1,005,946

CREDITORS
Amounts falling due after more than one year 8 (108,277 ) (28,012 )

PROVISIONS FOR LIABILITIES (28,481 ) (16,599 )
NET ASSETS 969,875 961,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 969,775 961,235
969,875 961,335

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 director acknowledges his 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.

R.S. Locksmiths Limited (Registered number: 04602720)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





Mr Robert Stoddart - Director


R.S. Locksmiths Limited (Registered number: 04602720)

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

1. STATUTORY INFORMATION

R.S. Locksmiths 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

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 2019, is being amortised evenly over its estimated useful life of twenty years.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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 Income Statement, 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.

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.

R.S. Locksmiths Limited (Registered number: 04602720)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 701,716
AMORTISATION
At 1 October 2023 140,343
Charge for year 35,086
At 30 September 2024 175,429
NET BOOK VALUE
At 30 September 2024 526,287
At 30 September 2023 561,373

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 8,688 173,053 10,263 192,004
Additions 40,924 117,387 1,861 160,172
At 30 September 2024 49,612 290,440 12,124 352,176
DEPRECIATION
At 1 October 2023 2,942 46,265 4,849 54,056
Charge for year 3,511 30,011 1,702 35,224
At 30 September 2024 6,453 76,276 6,551 89,280
NET BOOK VALUE
At 30 September 2024 43,159 214,164 5,573 262,896
At 30 September 2023 5,746 126,788 5,414 137,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 152,890 216,810
Prepayments 1,225 912
154,115 217,722

R.S. Locksmiths Limited (Registered number: 04602720)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 1,203 3,929
Hire purchase contracts 18,677 -
Trade creditors 122,940 193,442
Lease creditor - 35,861
Deferred interest on finance - (5,126 )
Tax 45,157 83,095
Social security and other taxes 20,071 6,778
Pension Payable 1,652 2,899
VAT 59,286 59,768
Directors' current accounts - 22,523
Accrued expenses 3,750 3,750
272,736 406,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 108,277 28,012

9. RESERVES
Retained
earnings
£   

At 1 October 2023 961,235
Profit for the year 125,540
Dividends (117,000 )
At 30 September 2024 969,775