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Registered Number: 13665549
England

 

 

 

JW LOCKS & SERVICES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2024

End date: 31 October 2025

JW Locks & Services Ltd
Contents Page
For the year ended 31 October 2025
Director Jack Wade
Registered Number 13665549
Registered Office 8 Bingham Corner
Lower Addiscombe Road
CROYDON
CR0 7AA
Accountants Cocke Vellacott & Hill
Chartered Accountants
Unit 28 City Business Centre
Lower Road
London
SE16 2XB
Bankers Lloyds Bank
1 Legg Street , Phone
Essex
Chelsmford
CM1 1JS
1
Director's report and financial statements
The director presents report and unaudited accounts for the year ended 31 October 2025.
Principal activities
The principal activity of the company during the financial year was of locksmith services. 
Director
The director who served the company throughout the year was as follows:
Jack Wade
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Small company regime
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006.
Audit exemption
JW Locks & Services Ltd has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.

On behalf of the board.


----------------------------------
Jack Wade
Director

Date approved: 16 April 2026
2
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Intangible fixed assets 3 14,656    18,656 
Tangible fixed assets 4 12,102    16,218 
26,758    34,874 
Current assets      
Stocks 5 18,000    17,500 
Debtors 6 14,398    13,649 
Cash at bank and in hand 38,592    26,316 
70,990    57,465 
Creditors: amount falling due within one year 7 (47,041)   (41,133)
Net current assets 23,949    16,332 
 
Total assets less current liabilities 50,707    51,206 
Creditors: amount falling due after more than one year 8 (6,750)   (21,750)
Net assets 43,957    29,456 
 

Capital and reserves 		     
Called up share capital 9 100    100 
Profit and loss account 43,857    29,356 
Shareholders' funds 43,957    29,456 
 


For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the director on 16 April 2026 and were signed by:


-------------------------------
Jack Wade
Director
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General Information
JW Locks & Services Ltd is a private company, limited by shares, registered in England, registration number 13665549, registration address 8 Bingham Corner, Lower Addiscombe Road, CROYDON, CR0 7AA.
The presentation currency is £ sterling.
The financial statements are for the year ended  31 October 2025. Corresponding figures relate to the year ended 31 October 2024. 
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases where substantially all the benefits and risks of ownershp remiain with the lessor are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits except for certain exceptions. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
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:
Plant and Machinery 25 Reducing Balance
Motor Vehicles 25 Reducing Balance
Fixtures and Fittings 25 Reducing Balance
Computer Equipment 25 Straight Line
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.
Pensions
The company operates a defined contribution pension scheme with NEST, and the pension charge represents the amounts payable by the company to the fund in respect of the period. 
2.

Average number of employees

Average number of employees during the year was 3 (2024 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2024 18,656    18,656 
Additions -    - 
Disposals -    - 
At 31 October 2025 18,656    18,656 
Amortisation
At 01 November 2024 -    - 
Charge for year 4,000    4,000 
On disposals -    - 
At 31 October 2025 4,000    4,000 
Net book values
At 31 October 2025 14,656    14,656 
At 31 October 2024 18,656    18,656 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 November 2024 11,591    8,863    612    324    21,390 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 October 2025 11,591    8,863    612    324    21,390 
Depreciation
At 01 November 2024 997    3,649    290    236    5,172 
Charge for year 2,648    1,304    83    81    4,116 
On disposals -    -    -    -    - 
At 31 October 2025 3,645    4,953    373    317    9,288 
Net book values
Closing balance as at 31 October 2025 7,946    3,910    239    7    12,102 
Opening balance as at 01 November 2024 10,594    5,214    322    88    16,218 


5.

Stocks

2025
£		   2024
£
Stocks 18,000    17,500 
18,000    17,500 

6.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 8,251    7,310 
Prepayments & Accrued Income 3,492    3,560 
Other Debtors 2,625    2,625 
PAYE & Social Security -    124 
CIS Control Account 30    30 
14,398    13,649 

7.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors (970)   (348)
Corporation Tax 5,540    812 
PAYE & Social Security 1,797    - 
Accrued Expenses 3,299    2,941 
Other Creditors 15,186    15,003 
Pensions payable 323    232 
Directors' Current Accounts 13,206    15,243 
VAT 8,660    7,250 
47,041    41,133 

8.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Other Creditors 6,750    21,750 
6,750    21,750 

9.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2025
£		   2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

10.

Other commitments

At  31 October 2025, the company had total commitments under a rent licence agreement of £Nil (2024 - £730).

At  31 October 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £49,000 (2024 - £59,500) payable as follows:
Particulars   Current
£		   2024
£
Withing one year 10,500  10,500 
Between two and five years 38,500  42,000 
Over five years -  7,000 
Total 49,000  59,500 

11.

Pension commitment

The company operates a defined contribution pension scheme with NEST, for all its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £323 (2024 - £232) were due to the fund. They are included in the creditors note. 
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