REGISTERED NUMBER: SC530334 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

AC Locksmith Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Chegodaev

REGISTERED OFFICE:

29/3 Mayfield Gardens

Edinburgh

EH9 2BX

REGISTERED NUMBER:

SC530334 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

c/o Neil Nisbet & Co.

Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

FIXED ASSETS

Tangible assets

4

9,182

16,856

CURRENT ASSETS

Stocks

2,350

1,350

Debtors

5

454

1,984

Cash at bank and in hand

6,008

6,822

8,812

10,156

CREDITORS

Amounts falling due within one year

6

7,994

10,987

NET CURRENT ASSETS/(LIABILITIES)

818

(831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,000

16,025

CREDITORS

Amounts falling due after more than one year

7

-

(2,283

)

PROVISIONS FOR LIABILITIES

(2,300

)

(4,200

)

NET ASSETS

7,700

9,542

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7,699

9,541

SHAREHOLDERS' FUNDS

7,700

9,542

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 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 24 December 2025 and were signed by:

A Chegodaev - Director

1.	STATUTORY INFORMATION

AC Locksmith Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on cost and 25% 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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

31,781

DEPRECIATION

At 1 April 2024

14,925

Charge for year

7,674

At 31 March 2025

22,599

NET BOOK VALUE

At 31 March 2025

9,182

At 31 March 2024

16,856

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

29,224

DEPRECIATION

At 1 April 2024

12,786

Charge for year

7,306

At 31 March 2025

20,092

NET BOOK VALUE

At 31 March 2025

9,132

At 31 March 2024

16,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

273

Other debtors

454

1,711

454

1,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

2,283

6,849

Trade creditors

404

-

Taxation and social security

3,648

2,913

Other creditors

1,659

1,225

7,994

10,987

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

2,283

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,000 (2024 - £9,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A Chegodaev.