REGISTERED NUMBER: 04877659 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Guildford Lock & Safe Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J M Wickens

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

04877659 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

53,767

42,405

CURRENT ASSETS

Inventories

57,981

58,000

Debtors

6

92,382

66,857

150,363

124,857

CREDITORS

Amounts falling due within one year

7

(178,816

)

(148,583

)

NET CURRENT LIABILITIES

(28,453

)

(23,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,314

18,679

CREDITORS

Amounts falling due after more than one year

8

(14,058

)

(10,194

)

PROVISIONS FOR LIABILITIES

(10,216

)

(8,057

)

NET ASSETS

1,040

428

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,030

418

1,040

428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

J M Wickens - Director

1.	STATUTORY INFORMATION

Guildford Lock & Safe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide support to the company to enable it to meet its liabilities for the twelve months from the date of signing these financial statements.

Turnover

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

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 September 2024

84,051

4,732

83,430

3,938

176,151

Additions

3,845

134

24,990

-

28,969

Disposals

-

-

(16,785

)

-

(16,785

)

At 31 August 2025

87,896

4,866

91,635

3,938

188,335

Depreciation

At 1 September 2024

64,652

3,769

62,642

2,683

133,746

Charge for year

5,384

266

9,983

294

15,927

Eliminated on disposal

-

-

(15,105

)

-

(15,105

)

At 31 August 2025

70,036

4,035

57,520

2,977

134,568

Net book value

At 31 August 2025

17,860

831

34,115

961

53,767

At 31 August 2024

19,399

963

20,788

1,255

42,405

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade debtors

25,200

25,103

Other debtors

16,775

10,485

Directors' current accounts

50,407

28,180

Tax

-

3,089

92,382

66,857

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans and overdrafts (see note 9)

13,847

22,165

Hire purchase contracts

8,527

5,498

Trade creditors

57,786

35,165

Taxation and social security

78,333

66,809

Other creditors

20,323

18,946

178,816

148,583

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans (see note 9)

-

7,904

Hire purchase contracts

14,058

2,290

14,058

10,194

9.

LOANS

An analysis of the maturity of loans is given below:

31/8/25

31/8/24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

5,943

11,854

Bank loans

7,904

10,311

13,847

22,165

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

7,904

In May 2020 the company borrowed £50,000 from its bankers under the Government's Bounce Back Loan Scheme. The loan is repayable over six years and interest of 2.5% is charged.

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/8/25

31/8/24

£

£

Bank overdrafts

5,943

11,854

Hire purchase contracts

22,585

7,788

28,528

19,642

The company's bankers have a fixed and floating charge over the company's assets.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31/8/25

31/8/24

£

£

J M Wickens

Balance outstanding at start of year

28,180

19,028

Amounts advanced

22,227

9,823

Amounts repaid

-

(671

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,407

28,180