REGISTERED NUMBER: 05750350 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

A1 Locksmiths (Berkshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Lawrence

P J Lawrence

SECRETARY:

P J Lawrence

REGISTERED OFFICE:

Wyvols Court

Basingstoke Road

Swallowfield

Reading

Berkshire

RG7 1WY

REGISTERED NUMBER:

05750350 (England and Wales)

ACCOUNTANTS:

J & C Accountants Ltd

Wyvols Court

Basingstoke Road

Swallowfield

Reading

Berkshire

RG7 1WY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

44,461

47,074

44,461

47,074

CURRENT ASSETS

Stocks

66,284

63,867

Debtors

6

18,341

22,115

Cash at bank and in hand

14,064

13,824

98,689

99,806

CREDITORS

Amounts falling due within one year

7

125,423

115,818

NET CURRENT LIABILITIES

(26,734

)

(16,012

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,727

31,062

CREDITORS

Amounts falling due after more than one year

8

1,667

14,883

NET ASSETS

16,060

16,179

CAPITAL AND RESERVES

Called up share capital

9

201

201

Retained earnings

15,859

15,978

SHAREHOLDERS' FUNDS

16,060

16,179

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

P J Lawrence - Director

1.	STATUTORY INFORMATION

A1 Locksmiths (Berkshire) Limited is a private company, limited by shares, registered in England and Wales. The registered number is 05750350. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, Berkshire, RG7 1WY. The business address is 195 Wokingham Road, Earley, Reading, Berkshire, RG6 1LT.

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 sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

15,000

AMORTISATION

At 1 April 2024

and 31 March 2025

15,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

148,104

Additions

8,500

At 31 March 2025

156,604

DEPRECIATION

At 1 April 2024

101,030

Charge for year

11,113

At 31 March 2025

112,143

NET BOOK VALUE

At 31 March 2025

44,461

At 31 March 2024

47,074

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

26,995

DEPRECIATION

At 1 April 2024

11,810

Charge for year

3,796

At 31 March 2025

15,606

NET BOOK VALUE

At 31 March 2025

11,389

At 31 March 2024

15,185

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

17,852

20,568

Other debtors

489

1,547

18,341

22,115

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

3,216

7,111

Trade creditors

14,052

23,486

Taxation and social security

42,135

25,942

Other creditors

56,020

49,279

125,423

115,818

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,667

Hire purchase contracts

-

3,216

1,667

14,883

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary B

£1

100

100

1

Ordinary C

£1

1

1

201

201