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Registered number: 12827422
Dr.Lock It Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Riverglade Accountancy Ltd
74 Yr Aran
Dunvant
Swansea
SA2 7PX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12827422
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,785 11,277
10,785 11,277
CURRENT ASSETS
Debtors 5 227 671
Cash at bank and in hand 3,652 48
3,879 719
Creditors: Amounts Falling Due Within One Year 6 (39,286 ) (50,364 )
NET CURRENT ASSETS (LIABILITIES) (35,407 ) (49,645 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,622 ) (38,368 )
NET LIABILITIES (24,622 ) (38,368 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (24,623 ) (38,369 )
SHAREHOLDERS' FUNDS (24,622) (38,368)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Krstic-Tomic
Director
29/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dr.Lock It Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12827422 . The registered office is 34 Croft Street, Roath, Cardiff , CF24 3DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 5,300 14,400 350 20,050
Additions 2,660 - - 2,660
As at 31 August 2024 7,960 14,400 350 22,710
Depreciation
As at 1 September 2023 2,319 6,300 154 8,773
Provided during the period 1,078 2,025 49 3,152
As at 31 August 2024 3,397 8,325 203 11,925
Net Book Value
As at 31 August 2024 4,563 6,075 147 10,785
As at 1 September 2023 2,981 8,100 196 11,277
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 227 671
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 39,286 50,364
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3