Lock-Tec (UK) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06655590

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		18,000		24,000
Tangible Assets	5		87,190		90,158

			105,190		114,158
CURRENT ASSETS
Stocks	6	276,000		203,853
Debtors	7	158,839		225,867
Cash at bank and in hand		199,690		169,874

		634,529		599,594
Creditors: Amounts Falling Due Within One Year	8	(257,741 )		(325,986 )

NET CURRENT ASSETS (LIABILITIES)			376,788		273,608

TOTAL ASSETS LESS CURRENT LIABILITIES			481,978		387,766

Creditors: Amounts Falling Due After More Than One Year	9		(17,513 )		(48,261 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,798 )		(22,540 )

NET ASSETS			442,667		316,965

CAPITAL AND RESERVES
Called up share capital	12		20		20
Profit and Loss Account			442,647		316,945

SHAREHOLDERS' FUNDS			442,667		316,965

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Lock-Tec (UK) Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Tattum Director	Mr Glen Whalley Director
01/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Lock-Tec (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06655590 . The registered office is 4-6 Castle Street, Northwich, Cheshire, CW8 1BA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover

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

The turnover and profit before taxation are attributable to the one principal activity of the company.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Useful economic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is amortised over the revised estimate of the remaining useful economic life.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold	10% on cost
Plant & Machinery	20% on reducing balance
Motor Vehicles	20% on reducing balance

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.6. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.7. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

...CONTINUED

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Lock-Tec (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. Taxation - continued

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.

2.8. Pensions

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	120,000

As at 30 November 2025	120,000

Amortisation
As at 1 December 2024	96,000
Provided during the period	6,000

As at 30 November 2025	102,000

Net Book Value
As at 30 November 2025	18,000

As at 1 December 2024	24,000

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 December 2024	34,460	69,886	117,614	221,960
Additions	-	18,830	-	18,830

As at 30 November 2025	34,460	88,716	117,614	240,790

Depreciation
As at 1 December 2024	34,460	50,223	47,119	131,802
Provided during the period	-	7,699	14,099	21,798

As at 30 November 2025	34,460	57,922	61,218	153,600

Net Book Value
As at 30 November 2025	-	30,794	56,396	87,190

As at 1 December 2024	-	19,663	70,495	90,158

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Lock-Tec (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Stocks

	2025	2024
	£	£
Stock	276,000	203,853

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	153,436	222,693
Other debtors	5,403	3,174

	158,839	225,867

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,139	22,866
Trade creditors	116,533	180,260
Bank loans and overdrafts	7,847	10,012
Other creditors	27,808	23,593
Taxation and social security	82,414	89,255

	257,741	325,986

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	17,513	40,163
Bank loans	-	8,098

	17,513	48,261

10. Secured Creditors

Of the creditors the following amounts are secured.

The hire purchase obligations are secured against their relevant assets.

A bank facility with a balance of £7,847 (2024: £18,110) is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	40,652	63,029
Bank loans and overdrafts	7,847	18,110

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Lock-Tec (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 December 2024	22,540	22,540
Deferred taxation	(742 )	(742 )

Balance at 30 November 2025	21,798	21,798

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
20 Ordinary Shares of £ 1 each	20	20

13. Related Party Transactions

As at the balance sheet date the directors were owed £2 (2024: £32).

14. Ultimate Controlling Party Not Known

The company is controlled by the Board of Directors.

15. Other Financial Commitments

The company has a lease commitment relating to the premises from which it operates amounting to £3,000 per calendar month.

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