GRIDLOCKED LTD


Directors	BUGLASS, Craig
	HEATH, Simon Richard John


Company Secretary	BUGLASS, Craig


Registered Address	27 Blakes Way
	Welwyn
	AL6 9RE


Registered Number	06480344 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		93,591		123,784
			93,591		123,784
Current assets
Stocks	4	160,000		75,000
Debtors		1,012,013		1,147,996
Cash at bank and on hand		-		70,868
		1,172,013		1,293,864
Creditors amounts falling due within one year	5	(615,915)		(846,801)
Net current assets (liabilities)			556,098		447,063
Total assets less current liabilities			649,689		570,847
Creditors amounts falling due after one year	6		(289,151)		(249,424)
Net assets			360,538		321,423
Capital and reserves
Called up share capital			100		100
Profit and loss account			360,438		321,323
Shareholders' funds			360,538		321,423

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2025, and are signed on its behalf by:

BUGLASS, Craig
Director
Registered Company No. 06480344

GRIDLOCKED LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: 25% on the reducing balance

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		7

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	143,353	65,071	21,934	230,358
Additions	12,790	-	2,451	15,241
At 31 March 25	156,143	65,071	24,385	245,599
Depreciation and impairment
At 01 April 24	62,050	35,733	8,791	106,574
Charge for year	31,051	9,682	4,701	45,434
At 31 March 25	93,101	45,415	13,492	152,008
Net book value
At 31 March 25	63,042	19,656	10,893	93,591
At 31 March 24	81,303	29,338	13,143	123,784

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	160,000	75,000
Total	160,000	75,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	459,817	662,062
Bank borrowings and overdrafts	55,754	59,825
Taxation and social security	81,742	95,612
Finance lease and HP contracts	18,602	29,302
Total	615,915	846,801

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	289,151	249,424
Total	289,151	249,424

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	18,603		29,303