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Registered number: 03836168
Loadlock Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Baillie Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03836168
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 311,400 398,331
311,400 398,331
CURRENT ASSETS
Stocks 5 452,603 508,605
Debtors 6 1,103,138 827,893
Cash at bank and in hand 730,462 612,511
2,286,203 1,949,009
Creditors: Amounts Falling Due Within One Year 7 (990,228 ) (1,062,369 )
NET CURRENT ASSETS (LIABILITIES) 1,295,975 886,640
TOTAL ASSETS LESS CURRENT LIABILITIES 1,607,375 1,284,971
Creditors: Amounts Falling Due After More Than One Year 8 (94,165 ) (38,000 )
NET ASSETS 1,513,210 1,246,971
CAPITAL AND RESERVES
Called up share capital 9 142 142
Profit and Loss Account 1,513,068 1,246,829
SHAREHOLDERS' FUNDS 1,513,210 1,246,971
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Julie Hunt
Director
09/04/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Loadlock Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03836168 . The registered office is Office 1, 72 Booker Avenue, Bradwell Common, Milton Keynes, MK13 8EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on 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 profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 20,919 638,417 58,250 24,098
Additions 19,238 3,354 125 11,702
Disposals - (117,091 ) - -
As at 31 October 2025 40,157 524,680 58,375 35,800
Depreciation
As at 1 November 2024 - 302,313 36,753 11,663
Provided during the period - 75,603 7,916 3,620
Disposals - (80,043 ) - -
As at 31 October 2025 - 297,873 44,669 15,283
Net Book Value
As at 31 October 2025 40,157 226,807 13,706 20,517
As at 1 November 2024 20,919 336,104 21,497 12,435
Page 4
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Computer Equipment Total
£ £
Cost
As at 1 November 2024 28,127 769,811
Additions 6,241 40,660
Disposals - (117,091 )
As at 31 October 2025 34,368 693,380
Depreciation
As at 1 November 2024 20,751 371,480
Provided during the period 3,404 90,543
Disposals - (80,043 )
As at 31 October 2025 24,155 381,980
Net Book Value
As at 31 October 2025 10,213 311,400
As at 1 November 2024 7,376 398,331
5. Stocks
2025 2024
£ £
Materials 452,603 508,605
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,103,138 827,893
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 162,912 209,504
Bank loans and overdrafts 14,000 -
Other loans 75,332 -
Corporation tax 137,548 27,120
VAT 264,839 186,354
Other creditors 1,869 596
Pension fund 3,448 3,485
Accruals and deferred income 11,448 15,310
Director's loan account 318,832 620,000
990,228 1,062,369
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans - 38,000
Other loans 94,165 -
94,165 38,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 142 142
Page 6