Advanced Locking and Locksmithing Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01798536

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Advanced Locking and Locksmithing

Limited

Page

Statement of Income and Retained Earnings

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

TURNOVER

197,425

190,272

Cost of sales

73,262

78,327

GROSS PROFIT

124,163

111,945

Administrative expenses

81,255

79,867

OPERATING PROFIT

42,908

32,078

Interest payable and similar expenses

5

284

476

PROFIT BEFORE TAXATION

42,624

31,602

Tax on profit

6

8,098

6,113

PROFIT FOR THE FINANCIAL YEAR

34,526

25,489

Retained earnings at beginning of year

99

10

Dividends

(34,600

)

(25,400

)

RETAINED EARNINGS AT END OF
YEAR

25

99

FIXED ASSETS

Intangible assets

7

-

Tangible assets

8

4,809

6,463

4,809

6,463

CURRENT ASSETS

Stocks

12,651

11,022

Debtors

25,564

26,217

Cash in hand

84

86

38,299

37,325

CREDITORS

Amounts falling due within one year

42,024

35,316

NET CURRENT (LIABILITIES)/ASSETS

(3,725

)

2,009

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084

8,472

CREDITORS

Amounts falling due after more than one
year

(143

)

(7,143

)

PROVISIONS FOR LIABILITIES

10

(914

)

(1,228

)

NET ASSETS

27

101

CAPITAL AND RESERVES

Called up share capital

11

2

Retained earnings

25

99

SHAREHOLDERS' FUNDS

27

101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mr P H Griffiths - Director

1.	STATUTORY INFORMATION

Advanced Locking and Locksmithing Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number:

01798536

Registered office:

132A Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AL

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 Statement of Income and Retained Earnings, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

2025

2024

£

Directors' remuneration

25,140

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

Loan interest

284

476

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

Current tax:

UK corporation tax

8,417

6,267

Tax prior year

(4

)

90

Total current tax

8,413

6,357

Deferred tax

(315

)

(244

)

Tax on profit

8,098

6,113

7.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

8,000

AMORTISATION

At 1 May 2024

and 30 April 2025

8,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

8.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

124,355

Additions

355

Disposals

(2,534

)

At 30 April 2025

122,176

DEPRECIATION

At 1 May 2024

117,892

Charge for year

1,602

Eliminated on disposal

(2,127

)

At 30 April 2025

117,367

NET BOOK VALUE

At 30 April 2025

4,809

At 30 April 2024

6,463

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

7,440

Amounts falling due between one and two years:

Bank loans - 1-2 years

143

7,143

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

914

1,228

Deferred

tax

£

Balance at 1 May 2024

1,228

Utilised during year

(314

)

Balance at 30 April 2025

914

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

1

2

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

Mrs F M Griffiths

Balance outstanding at start of year

4,022

1,686

Amounts advanced

15,421

15,036

Amounts repaid

(17,300

)

(12,700

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,143

4,022

Mr P H Griffiths

Balance outstanding at start of year

4,022

1,686

Amounts advanced

15,421

15,036

Amounts repaid

(17,300

)

(12,700

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,143

4,022