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Registration number: 12089157

Les's Locksmith and Building Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Les's Locksmith and Building Services Limited

Contents

Accountants' Report | 1
Statement of Financial Position | 2 to 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 11

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Les's Locksmith and Building Services Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Les's Locksmith and Building Services Limited for the year ended 31 March 2025 as set out on pages 2 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Les's Locksmith and Building Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Les's Locksmith and Building Services Limited and state those matters that we have agreed to state to the Board of Directors of Les's Locksmith and Building Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Les's Locksmith and Building Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Les's Locksmith and Building Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Les's Locksmith and Building Services Limited. You consider that Les's Locksmith and Building Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Les's Locksmith and Building Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Westcotts
Chartered Accountants
80 Oxford Street
Burnham-On-Sea
Somerset
TA8 1EF

30 March 2026

Les's Locksmith and Building Services Limited

(Registration number: 12089157)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 8,380 | 11,174
Current assets |  |  |
Stocks | 5 | 2,000 | 2,000
Debtors | 6 | 23,688 | 9,068
Cash at bank and in hand |  | 1,126 | 1,161
|  | 26,814 | 12,229
Creditors: Amounts falling due within one year | 7 | (40,403) | (29,976)
Net current liabilities |  | (13,589) | (17,747)
Total assets less current liabilities |  | (5,209) | (6,573)
Creditors: Amounts falling due after more than one year | 7 | (14,531) | (11,653)
Provisions for liabilities |  | (1,592) | (2,051)
Net liabilities |  | (21,332) | (20,277)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | (21,333) | (20,278)
Shareholders' deficit |  | (21,332) | (20,277)

Les's Locksmith and Building Services Limited

(Registration number: 12089157)
Statement of Financial Position as at 31 March 2025 (continued)

For the financial year ending 31 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 Statement of Comprehensive Income.

Approved and authorised by the director on 26 March 2026

Mr L Clutterbuck Director

Les's Locksmith and Building Services Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Profit and loss account £ | Total £
At 1 April 2024 | 1 | (20,278) | (20,277)
Loss for the year | - | (1,055) | (1,055)
At 31 March 2025 | 1 | (21,333) | (21,332)

| Share capital £ | Profit and loss account £ | Total £
At 1 April 2023 | 1 | 636 | 637
Loss for the year | - | (2,914) | (2,914)
Dividends | - | (18,000) | (18,000)
At 31 March 2024 | 1 | (20,278) | (20,277)

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 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:
80 Oxford Street
Burnham-On-Sea
Somerset
TA8 1EF

Principal activity

The principal activity of the company is construction

The principal place of business is:
24 St Christopher's Way
Burnham on Sea
Somerset
TA8 2PD

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

Due to the company having a net liabilities of £21,332 (2024: £20,277) it relies on the continued support of the director. The director has confirmed his continued support and considers that the company retains sufficient working capital to continue for the foreseeable future. For this reason, the accounts are ,prepared on a going concern basis.

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Prior period errors

In the course of preparing the current year, the directors have identified that expenditure was omitted from the prior year accounts that totalled £9,400. As a result of this the accounts have been restated, with the result being that the profit for the year has decreased by £9,400 with a corresponding reduction in the tax due of £4,958.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

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
Plant and machinery | - 20% straight line
Motor vehicle | - 25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
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.

3 | Staff numbers

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

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 1,134 | 27,989 | 29,123
At 31 March 2025 | 1,134 | 27,989 | 29,123
Depreciation
At 1 April 2024 | 755 | 17,194 | 17,949
Charge for the year | 95 | 2,699 | 2,794
At 31 March 2025 | 850 | 19,893 | 20,743
Carrying amount
At 31 March 2025 | 284 | 8,096 | 8,380
At 31 March 2024 | 379 | 10,795 | 11,174

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 2,000 | 2,000

6 | Debtors

| 2025 £ | (As restated) 2024 £
Other debtors | 23,688 | 9,068
| 23,688 | 9,068

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | (As restated) 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 13,045 | 14,650
Taxation and social security |  | 21,049 | 12,402
Accruals and deferred income |  | 6,309 | 2,924
|  | 40,403 | 29,976

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 14,531 | 11,653

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Les's Locksmith and Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 14,531 | 9,203
Hire purchase contracts | - | 2,450
| 14,531 | 11,653

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000
Hire purchase contracts | 3,045 | 4,650
| 13,045 | 14,650

10 | Related party transactions

Transactions with the director

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
Mr L Clutterbuck
Director's loan account | 6,779 | 30,662 | (19,730) | 17,711

2024 | At 1 April 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2024 £
Mr L Clutterbuck
Director's loan account | 17,540 | 59,794 | (70,555) | 6,779