REGISTERED NUMBER: 12311457 (England and Wales)

M Locks and Plumbing Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mark Yarwood

Registered office:

17 Springburn Close

Worsley

Manchester

Greater Manchester

M28 1XN

Registered number:

12311457 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Tangible assets

4

14,013

18,684

Current assets

Stocks

3,175

3,150

Debtors

5

3,886

2,947

Cash at bank

14,900

24,296

21,961

30,393

Creditors

Amounts falling due within one year

6

28,220

32,898

Net current liabilities

(6,259

)

(2,505

)

Total assets less current liabilities

7,754

16,179

Creditors

Amounts falling due after more than one year

7

(4,186

)

(13,528

)

Provisions for liabilities

8

(2,662

)

(3,550

)

Net assets/(liabilities)

906

(899

)

Capital and reserves

Called up share capital

9

100

100

Retained earnings

806

(999

)

Shareholders' funds

906

(899

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Statement of Income and Retained Earnings has not been delivered.

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

Mark Yarwood - Director

1.	Statutory information

M Locks and Plumbing 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 fair value for locksmith and plumbing services supplied, net of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

Stocks are measured at estimated cost.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Motor

vehicles

£

Cost

At 1 January 2024

and 31 December 2024

26,573

Depreciation

At 1 January 2024

7,889

Charge for year

4,671

At 31 December 2024

12,560

Net book value

At 31 December 2024

14,013

At 31 December 2023

18,684

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

364

105

Other debtors

3,522

2,842

3,886

2,947

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loan

9,120

8,897

Trade creditors

2,238

1,767

Taxation and social security

2,572

2,122

Other creditors

14,290

20,112

28,220

32,898

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loan

4,186

13,528

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

2,662

3,550

Deferred

tax

£

Balance at 1 January 2024

3,550

Credit to Statement of Income and Retained Earnings during year

(888

)

Balance at 31 December 2024

2,662

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Called up share capital

1

100

100