REGISTERED NUMBER: 04936299 (England and Wales)

KINGSLOCK CHANDLERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S D Wedgwood

SECRETARY:

Mrs S Wedgwood

REGISTERED OFFICE:

Kings Lock Chandlery

Booth Lane

Middlewich

Cheshire

CW10 0JJ

REGISTERED NUMBER:

04936299 (England and Wales)

BANKERS:

HSBC Plc

19 High Street

Northwich

Cheshire

CW9 5BZ

FIXED ASSETS

Tangible assets

4

56,869

74,782

CURRENT ASSETS

Stocks

455,932

440,527

Debtors

5

255,603

270,548

Cash at bank and in hand

97,149

154,459

808,684

865,534

CREDITORS

Amounts falling due within one year

6

549,550

606,392

NET CURRENT ASSETS

259,134

259,142

TOTAL ASSETS LESS CURRENT LIABILITIES

316,003

333,924

CREDITORS

Amounts falling due after more than one year

7

(33,275

)

(50,402

)

PROVISIONS FOR LIABILITIES

(13,133

)

(17,384

)

NET ASSETS

269,595

266,138

CAPITAL AND RESERVES

Called up share capital

9

2

2

Profit and loss account

269,593

266,136

SHAREHOLDERS' FUNDS

269,595

266,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

S D Wedgwood - Director

1.	STATUTORY INFORMATION

Kingslock Chandlery 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 represents net invoiced work done, excluding 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.

Leasehold improvements

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 February 2024

and 31 January 2025

31,437

43,346

12,665

DEPRECIATION

At 1 February 2024

22,254

30,850

6,415

Charge for year

1,874

2,750

970

At 31 January 2025

24,128

33,600

7,385

NET BOOK VALUE

At 31 January 2025

7,309

9,746

5,280

At 31 January 2024

9,183

12,496

6,250

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

94,397

28,420

210,265

DEPRECIATION

At 1 February 2024

49,471

26,493

135,483

Charge for year

11,231

1,088

17,913

At 31 January 2025

60,702

27,581

153,396

NET BOOK VALUE

At 31 January 2025

33,695

839

56,869

At 31 January 2024

44,926

1,927

74,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

247,511

255,856

Prepayments

8,092

14,692

255,603

270,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,397

10,140

Hire purchase contracts

6,730

6,730

Trade creditors

428,548

485,523

Corporation tax

28,472

37,985

Social security and other taxes

32,312

49,612

Directors' current accounts

18,148

15,913

Accrued expenses

24,943

489

549,550

606,392

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

4,415

14,811

Hire purchase contracts

28,860

35,591

33,275

50,402

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

14,812

24,951

Hire purchase contracts

35,590

42,321

50,402

67,272

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2