REGISTERED NUMBER: 14874203 (England and Wales)

Lockerquest Limited

Unaudited Financial Statements for the Year Ended 31 May 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

J W White

Registered office:

Bradford House

Yarmouth Road

Stalham

Norfolk

NR12 9PD

Registered number:

14874203 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

448

334

Current assets

Debtors

5

179,712

116,859

Cash at bank

134,928

78,864

314,640

195,723

Creditors

Amounts falling due within one year

6

180,788

107,271

Net current assets

133,852

88,452

Total assets less current liabilities

134,300

88,786

Provisions for liabilities

448

-

Net assets

133,852

88,786

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

132,852

87,786

Shareholders' funds

133,852

88,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 October 2025 and were signed by:

J W White - Director

1.	Statutory information

Lockerquest 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.

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

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 the fair value of consideration receivable for services provided in the normal course of business, excluding value added tax and trade discounts.

Revenue is recognised in the period in which the services are rendered, based on the stage of completion at the reporting date when the outcome of the transaction can be measured reliably. Where the outcome cannot be measured reliably, revenue is recognised only to the extent of costs incurred that are recoverable.

Turnover is recognised only when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

straight line over 3 years

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 June 2024

499

Additions

416

At 31 May 2025

915

Depreciation

At 1 June 2024

165

Charge for year

302

At 31 May 2025

467

Net book value

At 31 May 2025

448

At 31 May 2024

334

5.

Debtors: amounts falling due within one year

31/5/25

31/5/24

£

£

Trade debtors

161,712

107,032

Other debtors

18,000

9,827

179,712

116,859

6.

Creditors: amounts falling due within one year

31/5/25

31/5/24

£

£

Trade creditors

84,167

40,435

Taxation and social security

52,047

40,615

Other creditors

44,574

26,221

180,788

107,271