BARNET LOCK AND SECURITY LIMITED

Company Registration Number:
04312460 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

BARNET LOCK AND SECURITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

BARNET LOCK AND SECURITY LIMITED

Company Information

for the Period Ended 31 December 2024




Registered office: Unit 3
Mead Business Centre
Mead Lane
Hertford
England
SG13 7BJ
Company Registration Number: 04312460 (England and Wales)

BARNET LOCK AND SECURITY LIMITED

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Turnover 1,129,711 1,252,108
Cost of sales ( 609,768 ) ( 708,445 )
Gross Profit or (Loss) 519,943 543,663
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 16,978 ) ( 50,423 )
Administrative Expenses ( 451,759 ) ( 465,377 )
Other operating income 0 0
Operating Profit or (Loss) 51,206 27,863
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 16,908 ) ( 18,681 )
Profit or (Loss) Before Tax 34,298 9,182
Tax on Profit ( 20,587 ) ( 0 )
Profit or (Loss) for Period 13,711 9,182

The notes form part of these financial statements

BARNET LOCK AND SECURITY LIMITED

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 208,933 267,545
Total fixed assets: 208,933 267,545
Current assets
Stocks: 266,180 264,780
Debtors: 5 229,046 190,936
Cash at bank and in hand: 120 120
Total current assets: 495,346 455,836
Prepayments and accrued income: 69,161 77,375
Creditors: amounts falling due within one year: 6 ( 532,118 ) ( 551,221 )
Net current assets (liabilities): 32,389 ( 18,010 )
Total assets less current liabilities: 241,322 249,535
Creditors: amounts falling due after more than one year: 7 ( 115,966 ) ( 137,291 )
Accruals and deferred income: ( 4,000 ) ( 4,388 )
Total net assets (liabilities): 121,356 107,856

The notes form part of these financial statements

BARNET LOCK AND SECURITY LIMITED

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 121,355 107,855
Shareholders funds: 121,356 107,856

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 May 2025
And Signed On Behalf Of The Board By:

Name: David B Pomfrett
Status: Director

The notes form part of these financial statements

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 11 11

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 January 2024 12,337 119,582 30,459 305,181 467,559
Additions - 3,538 7,495 - 11,033
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 31 December 2024 12,337 123,120 37,954 305,181 478,592
Depreciation
At 01 January 2024 11,196 65,836 26,840 96,142 200,014
Charge for year 285 14,321 2,779 52,260 69,645
On disposals - - - - -
Other adjustments - - - - -
At 31 December 2024 11,481 80,157 29,619 148,402 269,659
Net book value
At 31 December 2024 856 42,963 8,335 156,779 208,933
At 31 December 2023 1,141 53,746 3,619 209,039 267,545

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors


2024
£

2023
£
Trade debtors 206,329 138,661
Other debtors 22,717 52,275
Total 229,046 190,936

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 40,401 43,605
Amounts due under finance leases and hire purchase contracts 10,062 35,998
Trade creditors 97,530 116,667
Taxation and social security 243,385 159,339
Other creditors 140,740 195,612
Total 532,118 551,221

BARNET LOCK AND SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 4,164 14,951
Amounts due under finance leases and hire purchase contracts 111,802 122,340
Total 115,966 137,291