| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2025 |
| for |
| LOCKABOX LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2025 |
| for |
| LOCKABOX LIMITED |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LOCKABOX LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 JULY 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Keble House |
| Southernhay Gardens |
| Exeter |
| Devon |
| EX1 1NT |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Balance Sheet |
| 31 JULY 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Balance Sheet - continued |
| 31 JULY 2025 |
| The director acknowledges his 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. |
| The financial statements were approved by the director and authorised for issue on |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 1. | COMPANY INFORMATION |
| Lockabox Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The director remains supportive of the company and does not consider there to be any material uncertainties which cast significant doubt about the company's ability to continue. |
| Consequently, the director has a reasonable expectation that the company has adequate resources to continue as a going concern for the foreseeable future and as such the financial statements have been drawn up on that basis. |
| Turnover |
| Turnover represents amounts chargeable in respect of the sale of goods and services to customers. |
| Stocks |
| Net realisable value is based on selling price less anticipated costs to completion and selling costs. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. |
| Patents and Licences are being amortised evenly over their estimated useful life of ten years. |
| Development costs are being amortised evenly over their estimated useful life from the date the development is completed. |
| Digital assets are being amortised evenly over their estimated useful life of five years. |
| Domain is being amortised evenly over its estimated useful life of three years. |
| 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% straight line per annum |
| Computer equipment - 33% straight line per annum |
| Fixtures and fittings - 20% straight line per annum |
| Motor vehicles - 25% reducing balance |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 5. | INTANGIBLE FIXED ASSETS |
| Patents |
| Digital | and | Development |
| assets | licences | costs | Domain | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2024 |
| Additions |
| At 31 July 2025 |
| AMORTISATION |
| At 1 August 2024 |
| Amortisation for year |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2024 |
| Additions |
| At 31 July 2025 |
| DEPRECIATION |
| At 1 August 2024 |
| Charge for year |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 9,085 | - |
| VAT |
| Deferred tax asset |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Hire purchase contracts (see note 10) |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| Hire purchase |
| contracts |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| LOCKABOX LIMITED (REGISTERED NUMBER: 08617865) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2025 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 12,676 | 15,362 |
| 12. | PROVISIONS FOR LIABILITIES |
| 2025 |
| £ |
| Deferred tax | 11,656 |
| Deferred |
| tax |
| £ |
| Balance at 1 August 2024 | ( |
) |
| Provided during year |
| Balance at 31 July 2025 |
| 13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |