Strand And Lock Ltd

Strand And Lock Ltd
Statement of Financial Position
As at 30 July 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	5,300	2,800
Tangible fixed assets	4	27,095	30,144
		32,395	32,944
Current assets
Stocks	5	5,008	4,446
Debtors	6	8,701	4,850
Cash at bank and in hand		7,112	3,600
		20,821	12,896
Creditors: amount falling due within one year	7	(20,445)	(16,208)
Net current assets		376	(3,312)

Total assets less current liabilities		32,771	29,632
Creditors: amount falling due after more than one year	8	(32,475)	(28,867)
Provisions for liabilities	9	(165)	0
Net assets		131	765

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		31	665
Shareholders' funds		131	765

For the year ended 30 July 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 21 April 2026 and were signed on its behalf by:

-------------------------------
E Hewitt
Director

Strand And Lock Ltd
Notes to the Financial Statements
For the year ended 30 July 2025

General Information

Strand And Lock Ltd is a private company, limited by shares, registered in England and Wales, registration number 12122924, registration address Unit 12 and 13 The Greenhouse, Custard Factory, Gibb Street, Birmingham, West Midlands, B9 4AA .

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable net of Vat and trade discounts. The policies adopted for the recognition of turnover are as follows

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

The Company has transferred the significant risks and rewards of ownership to the buyer

The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

The amount of revenue can be measured reliably;

It is probable that the Company will receive the consideration due under the transaction; and

The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment	15% Reducing Balance
Fixtures and Fittings	15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Intangible fixed assets

Cost	Other	Total
	£	£
At 31 July 2024	2,800	2,800
Additions	2,500	2,500
Disposals	-	-
At 30 July 2025	5,300	5,300
Amortisation
At 31 July 2024	-	-
Charge for year	-	-
On disposals	-	-
At 30 July 2025	-	-
Net book values
At 30 July 2025	5,300	5,300
At 30 July 2024	2,800	2,800

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£
At 31 July 2024	29,837	598	17,359	47,794
Additions	1,377	-	-	1,377
Disposals	-	-	-	-
At 30 July 2025	31,214	598	17,359	49,171
Depreciation
At 31 July 2024	12,863	230	4,557	17,650
Charge for year	2,635	55	1,736	4,426
On disposals	-	-	-	-
At 30 July 2025	15,498	285	6,293	22,076
Net book values
Closing balance as at 30 July 2025	15,716	313	11,066	27,095
Opening balance as at 31 July 2024	16,974	368	12,802	30,144

Stocks

	2025 £		2024 £
Stocks	5,008		4,446
	5,008		4,446

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	8,701		4,850
	8,701		4,850

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	13,472	4,915
Taxation and Social Security	6,353	4,977
Other Creditors	620	6,316
	20,445	16,208

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	17,032	10,864
Other Creditors	15,443	18,003
	32,475	28,867

Provisions for liabilities

	2025 £		2024 £
Pension Provisions	165		0
	165		0

10.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Registered Number: 12122924
England and Wales
Unaudited Financial Statements

for the year ended 30 July 2025
for
STRAND AND LOCK LTD