Lock Lane Stores Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05239930

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,602		55,435

			48,602		55,435
CURRENT ASSETS
Stocks	5	45,000		45,000
Debtors	6	1,581		173
Cash at bank and in hand		240		1

		46,821		45,174
Creditors: Amounts Falling Due Within One Year	7	(78,982 )		(84,779 )

NET CURRENT ASSETS (LIABILITIES)			(32,161 )		(39,605 )

TOTAL ASSETS LESS CURRENT LIABILITIES			16,441		15,830

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,214 )		(2,214 )

NET ASSETS			14,227		13,616

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			14,225		13,614

SHAREHOLDERS' FUNDS			14,227		13,616

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Lock Lane Stores Limited

Balance Sheet (continued)

As At 28 September 2024

For the year ending 28 September 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 her 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

Mrs Andrea Edwards

Director

26/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lock Lane Stores Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05239930 . The registered office is 25 Lock Lane, Castleford, West Yorkshire, WF10 2JZ.

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	15% on reducing balance basis
Motor Vehicles	25% on reducing balance basis
Fixtures & Fittings	15% on reducing balance basis
Computer Equipment	15% on reducing balance basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2023: 15)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 30 September 2023	51,426	8,750	42,510	4,503	107,189
Additions	1,500	-	-	560	2,060

As at 28 September 2024	52,926	8,750	42,510	5,063	109,249

Depreciation
As at 30 September 2023	28,996	5,059	15,671	2,028	51,754
Provided during the period	3,489	923	4,026	455	8,893

As at 28 September 2024	32,485	5,982	19,697	2,483	60,647

...CONTINUED

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Lock Lane Stores Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 September 2024

Net Book Value
As at 28 September 2024	20,441	2,768	22,813	2,580	48,602

As at 30 September 2023	22,430	3,691	26,839	2,475	55,435

5. Stocks

	2024	2023
	£	£
Stock	45,000	45,000

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	173	173
VAT	1,408	-

	1,581	173

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	(1 )	434
Bank loans and overdrafts	2,678	4,312
Other loans	18,018	-
VAT	-	1,010
Accruals and deferred income	150	300
Director's loan account	58,137	78,723

	78,982	84,779

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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