Company Registration No. 11787317 (England and Wales)
Locksmiths of London Ltd
Unaudited accounts
for the year ended 31 March 2025
Locksmiths of London Ltd
Unaudited accounts
Contents
Locksmiths of London Ltd
Company Information
for the year ended 31 March 2025
Company Number
11787317 (England and Wales)
Registered Office
152 Coles Green Road
London
NW2 7HD
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Locksmiths of London Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
12,000
15,000
Tangible assets
140,463
117,000
Cash at bank and in hand
21,132
21,450
Creditors: amounts falling due within one year
(27,929)
(34,415)
Net current assets
86,324
44,221
Total assets less current liabilities
238,787
176,221
Creditors: amounts falling due after more than one year
(24,758)
(6,994)
Provisions for liabilities
Net assets
208,163
169,227
Called up share capital
200
200
Profit and loss account
198,063
159,127
Shareholders' funds
208,163
169,227
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
Mr E Ezra
Director
Company Registration No. 11787317
Locksmiths of London Ltd
Notes to the Accounts
for the year ended 31 March 2025
Locksmiths of London Ltd is a private company, limited by shares, registered in England and Wales, registration number 11787317. The registered office is 152 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 10 years on straight line basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the life of the lease
4
Intangible fixed assets
Goodwill
Locksmiths of London Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
117,000
-
117,000
At 31 March 2025
117,000
25,596
142,596
Charge for the year
-
2,133
2,133
At 31 March 2025
-
2,133
2,133
At 31 March 2025
117,000
23,463
140,463
At 31 March 2024
117,000
-
117,000
Amounts falling due within one year
Accrued income and prepayments
2,046
-
Other debtors
38,185
51,504
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
15,555
24,412
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
21,421
-
Locksmiths of London Ltd
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan @ 2.25% interest with no fixed date of repayment
2,806
88,515
53,138
38,183
2,806
88,515
53,138
38,183
The loan was repaid in full after the year end
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).