IRIS Accounts Production v25.1.4.42 05004699 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050046992024-03-31050046992025-03-31050046992024-04-012025-03-31050046992023-03-31050046992023-04-012024-03-31050046992024-03-3105004699ns15:EnglandWales2024-04-012025-03-3105004699ns14:PoundSterling2024-04-012025-03-3105004699ns10:Director12024-04-012025-03-3105004699ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3105004699ns10:SmallEntities2024-04-012025-03-3105004699ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3105004699ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3105004699ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3105004699ns10:FullAccounts2024-04-012025-03-3105004699ns10:Director22024-04-012025-03-3105004699ns10:CompanySecretary12024-04-012025-03-3105004699ns10:RegisteredOffice2024-04-012025-03-3105004699ns5:CurrentFinancialInstruments2025-03-3105004699ns5:CurrentFinancialInstruments2024-03-3105004699ns5:Non-currentFinancialInstruments2025-03-3105004699ns5:Non-currentFinancialInstruments2024-03-3105004699ns5:ShareCapital2025-03-3105004699ns5:ShareCapital2024-03-3105004699ns5:RetainedEarningsAccumulatedLosses2025-03-3105004699ns5:RetainedEarningsAccumulatedLosses2024-03-3105004699ns5:PlantMachinery2024-04-012025-03-3105004699ns5:FurnitureFittings2024-04-012025-03-3105004699ns5:MotorVehicles2024-04-012025-03-3105004699ns5:ComputerEquipment2024-04-012025-03-3105004699ns5:PlantMachinery2024-03-3105004699ns5:FurnitureFittings2024-03-3105004699ns5:MotorVehicles2024-03-3105004699ns5:ComputerEquipment2024-03-3105004699ns5:PlantMachinery2025-03-3105004699ns5:FurnitureFittings2025-03-3105004699ns5:MotorVehicles2025-03-3105004699ns5:ComputerEquipment2025-03-3105004699ns5:PlantMachinery2024-03-3105004699ns5:FurnitureFittings2024-03-3105004699ns5:MotorVehicles2024-03-3105004699ns5:ComputerEquipment2024-03-3105004699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-03-3105004699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105004699ns5:DeferredTaxation2024-03-3105004699ns5:DeferredTaxation2024-04-012025-03-3105004699ns5:DeferredTaxation2025-03-3105004699ns5:RetainedEarningsAccumulatedLosses2024-03-3105004699ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 05004699 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOKTEC LIMITED

LOKTEC LIMITED (REGISTERED NUMBER: 05004699)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOKTEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs D L Hardy
Mr D K C Hardy





SECRETARY: Mrs D L Hardy





REGISTERED OFFICE: Unit 17,The Sidings
Station Road
Guiseley
Leeds
West Yorkshire
LS208BX





REGISTERED NUMBER: 05004699 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

LOKTEC LIMITED (REGISTERED NUMBER: 05004699)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,590 67,403

CURRENT ASSETS
Stocks 194,815 198,250
Debtors 5 196,007 123,969
Cash at bank and in hand 244,518 249,717
635,340 571,936
CREDITORS
Amounts falling due within one year 6 626,901 624,993
NET CURRENT ASSETS/(LIABILITIES) 8,439 (53,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,029

14,346

CREDITORS
Amounts falling due after more than one
year

7

(31,672

)

(627

)

PROVISIONS FOR LIABILITIES 8 (16,316 ) (13,043 )
NET ASSETS 40,041 676

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 9 39,936 571
SHAREHOLDERS' FUNDS 40,041 676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

LOKTEC LIMITED (REGISTERED NUMBER: 05004699)

BALANCE SHEET - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr D K C Hardy - Director


LOKTEC LIMITED (REGISTERED NUMBER: 05004699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Loktec 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 - 33% 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.

LOKTEC LIMITED (REGISTERED NUMBER: 05004699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 111,798 627,923 251,958 45,834 1,037,513
Additions - - 53,305 - 53,305
Disposals - - (47,070 ) - (47,070 )
At 31 March 2025 111,798 627,923 258,193 45,834 1,043,748
DEPRECIATION
At 1 April 2024 105,592 623,855 194,829 45,834 970,110
Charge for year 1,383 969 16,940 - 19,292
Eliminated on disposal - - (25,244 ) - (25,244 )
At 31 March 2025 106,975 624,824 186,525 45,834 964,158
NET BOOK VALUE
At 31 March 2025 4,823 3,099 71,668 - 79,590
At 31 March 2024 6,206 4,068 57,129 - 67,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 193,646 123,969
Other debtors 2,361 -
196,007 123,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,775 4,095
Hire purchase contracts 11,896 17,157
Trade creditors 147,984 76,361
Tax 21,605 57,520
Social security and other taxes 8,355 8,085
VAT 43,892 29,553
Directors' current accounts 5,940 10,120
Accrued expenses 385,454 422,102
626,901 624,993

LOKTEC LIMITED (REGISTERED NUMBER: 05004699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 31,672 627

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 16,316 13,043

Deferred
tax
£   
Balance at 1 April 2024 13,043
Charge to Income Statement during year 3,273
Balance at 31 March 2025 16,316

9. RESERVES
Retained
earnings
£   

At 1 April 2024 571
Profit for the year 91,865
Dividends (52,500 )
At 31 March 2025 39,936