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REGISTERED NUMBER: 05116169 (England and Wales)

| Teamwork Locksmiths Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

Teamwork Locksmiths Limited (Registered number: 05116169)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Teamwork Locksmiths Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | D E Levesley

| Mrs J O Levesley

| SECRETARY: | Mrs J O Levesley

| REGISTERED OFFICE: | Robtec House

| High Street

| Cleobury Mortimer

| Kiddermninster

| DY14 8DP

| REGISTERED NUMBER: | 05116169 (England and Wales)

| ACCOUNTANTS: | Streets Dyke Ruscoe Ltd

| 110 Corve Street

| Ludlow

| SHROPSHIRE

| SY8 1DJ

Teamwork Locksmiths Limited (Registered number: 05116169)

Balance Sheet

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 21,607 |  | 21,294 |  |

CURRENT ASSETS

Inventories | 2,550 |  | 1,846 |  |

Debtors | 5 | 979,714 |  | 775,940 |  |

Prepayments and accrued income | 8,807 |  | 6,089 |  |

Cash at bank and in hand | 427,225 |  | 545,252 |  |

1,418,296 |  | 1,329,127 |  |

CREDITORS

Amounts falling due within one year | 6 | 560,462 |  | 443,711 |  |

NET CURRENT ASSETS | 857,834 |  | 885,416 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 879,441 |  | 906,710 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (20,009 | ) | (60,026 | ) |

PROVISIONS FOR LIABILITIES | (5,401 | ) | (5,323 | ) |

ACCRUALS AND DEFERRED INCOME | (13,580 | ) | (44,823 | ) |

NET ASSETS | 840,451 |  | 796,538 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 840,449 |  | 796,536 |  |

SHAREHOLDERS' FUNDS | 840,451 |  | 796,538 |  |

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 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.

Teamwork Locksmiths Limited (Registered number: 05116169)

Balance Sheet - continued

31 May 2025

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 16 January 2026 and were signed on its behalf by:

D E Levesley - Director

Teamwork Locksmiths Limited (Registered number: 05116169)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Teamwork Locksmiths 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.

| No profit and loss account is filed.

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

| Revenue 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.

| Plant and machinery | - | 10% on reducing balance

| Fixtures and fittings | - | 10% on reducing balance

| Office equipment | - | 33% on cost

| Stocks

| Inventories 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

| 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.

Teamwork Locksmiths Limited (Registered number: 05116169)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 7 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Office |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 June 2024 | 1,000 |  | 923 |  | 14,646 |  | 50,018 |  | 66,587 |  |

| Additions | - |  | - |  | 4,144 |  | 4,750 |  | 8,894 |  |

| At 31 May 2025 | 1,000 |  | 923 |  | 18,790 |  | 54,768 |  | 75,481 |  |

| DEPRECIATION

| At 1 June 2024 | 1,000 |  | 426 |  | 5,792 |  | 38,075 |  | 45,293 |  |

| Charge for year | - |  | 49 |  | 1,299 |  | 7,233 |  | 8,581 |  |

| At 31 May 2025 | 1,000 |  | 475 |  | 7,091 |  | 45,308 |  | 53,874 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 448 |  | 11,699 |  | 9,460 |  | 21,607 |  |

| At 31 May 2024 | - |  | 497 |  | 8,854 |  | 11,943 |  | 21,294 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 971,698 |  | 775,940 |  |

| Directors' current accounts | 8,016 |  | - |  |

979,714 |  | 775,940 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 40,017 |  | 40,017 |  |

| Trade creditors | 286,331 |  | 215,343 |  |

| Tax | 127,247 |  | 90,621 |  |

| Social security and other taxes | 105,017 |  | 84,996 |  |

| Other creditors | 1,850 |  | 2,691 |  |

| Directors' current accounts | - |  | 10,043 |  |

560,462 |  | 443,711 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Loans - 1-2 years | 20,009 |  | 40,017 |  |

| Loans - 2-5 years | - |  | 20,009 |  |

20,009 |  | 60,026 |  |

Teamwork Locksmiths Limited (Registered number: 05116169)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

8. | SECURED DEBTS

| The bank overdraft is secured by personal guarantees of the directors.

| The Funding Circle loan is secured by personal guarantees of the directors.

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025 | 2024 |

£ | £ |

| D E Levesley

| Balance outstanding at start of year | (10,043 | ) | (16,429 | ) |

| Amounts advanced | 355,959 |  | 270,786 |  |

| Amounts repaid | (337,900 | ) | (264,400 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 8,016 |  | (10,043 | ) |

| No repayment terms have been set for the loan within debtors and no interest has been charged by the company.

| The loan was repaid in full within 9 months of the year end.