1 1 Chorlton Locksmiths Limited 07191978 false 2024-03-31 2025-03-30 2025-03-30 The principal activity of the company is that of locksmiths. Digita Accounts Production Advanced 6.30.9574.0 true 07191978 2024-03-31 2025-03-30 07191978 2025-03-30 07191978 core:CurrentFinancialInstruments 2025-03-30 07191978 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-30 07191978 core:FurnitureFittingsToolsEquipment 2025-03-30 07191978 core:MotorVehicles 2025-03-30 07191978 bus:SmallEntities 2024-03-31 2025-03-30 07191978 bus:AuditExemptWithAccountantsReport 2024-03-31 2025-03-30 07191978 bus:FilletedAccounts 2024-03-31 2025-03-30 07191978 bus:SmallCompaniesRegimeForAccounts 2024-03-31 2025-03-30 07191978 bus:RegisteredOffice 2024-03-31 2025-03-30 07191978 bus:Director1 2024-03-31 2025-03-30 07191978 bus:PrivateLimitedCompanyLtd 2024-03-31 2025-03-30 07191978 core:MotorVehicles 2024-03-31 2025-03-30 07191978 core:PlantMachinery 2024-03-31 2025-03-30 07191978 countries:EnglandWales 2024-03-31 2025-03-30 07191978 2024-03-30 07191978 core:FurnitureFittingsToolsEquipment 2024-03-30 07191978 core:MotorVehicles 2024-03-30 07191978 2023-03-31 2024-03-30 07191978 2024-03-30 07191978 core:CurrentFinancialInstruments 2024-03-30 07191978 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-30 xbrli:pure iso4217:GBP

Registration number: 07191978

Chorlton Locksmiths Limited
Unaudited Financial Statements
for the Year Ended 30 March 2025

Chorlton Locksmiths Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Chorlton Locksmiths Limited

(Registration number: 07191978)
Statement of Financial Position as at 30 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 5 | 1,275 | 1,600
Debtors | 6 | 490 | -
Cash at bank and in hand |  | 4,768 | 944
|  | 6,533 | 2,544
Creditors: Amounts falling due within one year | 7 | (7,528) | (8,862)
Net liabilities |  | (995) | (6,318)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (996) | (6,319)
Shareholders' deficit |  | (995) | (6,318)

For the financial year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 December 2025

P Donegan Director |  |

Chorlton Locksmiths Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
615B Wilbraham Road
Chorlton
Manchester
Lancashire
M21 9AN
England

These financial statements were authorised for issue by the director on 17 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are credited to the profit and loss account on the accruals basis.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Chorlton Locksmiths Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% Straight line
Plant and machinery | 15% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Chorlton Locksmiths Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 31 March 2024 | 3,525 | 3,000 | 6,525
At 30 March 2025 | 3,525 | 3,000 | 6,525
Depreciation
At 31 March 2024 | 3,525 | 3,000 | 6,525
At 30 March 2025 | 3,525 | 3,000 | 6,525
Carrying amount
At 30 March 2025 | - | - | -

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,275 | 1,600

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 490 | -
| 490 | -

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,739 | 2,509
Taxation and social security | - | 639
Accruals and deferred income | 3,150 | 3,075
Other creditors | 2,639 | 2,639
| 7,528 | 8,862