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Company registration number: 03680713
Mike B's Security Locksmith Limited
Unaudited filleted abridged financial statements
for the Year ended
31 December 2025
Mike B's Security Locksmith Limited
Contents
Abridged balance sheet
Notes to the financial statements
Mike B's Security Locksmith Limited
Abridged Balance Sheet
31 December 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 4 | - |  |  |  | - |  |
Tangible assets |  | 5 | 109,259 |  |  |  | 107,853 |  |
|  |  | ___________ |  |  |  | ___________ |  |
|  |  |  |  | 109,259 |  |  |  | 107,853
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 179,588 |  |  |  | 186,317 |  |
Debtors |  |  | 30,496 |  |  |  | 31,358 |  |
Cash at bank and in hand |  |  | 19,925 |  |  |  | 11,566 |  |
|  |  | ___________ |  |  |  | ___________ |  |
|  |  | 230,009 |  |  |  | 229,241 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  |  | ( 111,927) |  |  |  | ( 132,228) |  |
|  |  | ___________ |  |  |  | ___________ |  |
Net current assets |  |  |  |  | 118,082 |  |  |  | 97,013
|  |  |  |  | ___________ |  |  |  | ___________
Total assets less current liabilities |  |  |  |  | 227,341 |  |  |  | 204,866
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  |  |  |  | ( 859) |  |  |  | ( 5,553)
Provisions for liabilities |  |  |  |  | ( 6,900) |  |  |  | ( 4,300)
Accruals and deferred income |  |  |  |  | ( 2,750) |  |  |  | ( 2,000)
|  |  |  |  | ___________ |  |  |  | ___________
Net assets |  |  |  |  | 216,832 |  |  |  | 193,013
|  |  |  |  | ___________ |  |  |  | ___________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 1,000 |  |  |  | 1,000
Profit and loss account |  |  |  |  | 215,832 |  |  |  | 192,013
|  |  |  |  | ___________ |  |  |  | ___________
Shareholders funds |  |  |  |  | 216,832 |  |  |  | 193,013
|  |  |  |  | ___________ |  |  |  | ___________

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
All of the members have consented to the preparation of the abridged Balance Sheet for the current year ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 27 March 2026 , and are signed on behalf of the board by:
Mr S D Walker
Director
Company registration number: 03680713
Mike B's Security Locksmith Limited
Notes to the financial statements
Year ended 31 December 2025
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 10 % | reducing balance
| Improvements to property | - | 15 % | straight line
| Plant and machinery | - | 15 % | reducing balance
| Fittings fixtures and equipment | - | 15 % | reducing balance
| Motor vehicles | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 8 ).
4. Intangible assets

|  | £ |  |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 86,035 |  |  |  |  |
|  | ___________ |  |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 86,035 |  |  |  |  |
|  | ___________ |  |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2025 | - |  |  |  |  |
|  | ___________ |  |  |  |  |
| At 31 December 2024 | - |  |  |  |  |
|  | ___________ |  |  |  |  |

5. Tangible assets

|  | £ |  |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2025 | 275,655 |  |  |  |  |  |
| Additions | 14,489 |  |  |  |  |  |
| Disposals | ( 7,499) |  |  |  |  |  |
|  | ___________ |  |  |  |  |  |
| At 31 December 2025 | 282,645 |  |  |  |  |  |
|  | ___________ |  |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2025 | 167,802 |  |  |  |  |  |
| Charge for the year | 11,304 |  |  |  |  |  |
| Disposals | ( 5,720) |  |  |  |  |  |
|  | ___________ |  |  |  |  |  |
| At 31 December 2025 | 173,386 |  |  |  |  |  |
|  | ___________ |  |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2025 | 109,259 |  |  |  |  |  |
|  | ___________ |  |  |  |  |  |
| At 31 December 2024 | 107,853 |  |  |  |  |  |
|  | ___________ |  |  |  |  |  |