REGISTERED NUMBER: 01371214 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Autolock Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D J Barber

REGISTERED OFFICE:

Macon Way

Crewe

Cheshire

CW1 6DG

REGISTERED NUMBER:

01371214 (England and Wales)

FIXED ASSETS

Tangible assets

5

11,848

11,872

CURRENT ASSETS

Stocks

6

24,851

19,879

Debtors

7

14,564

12,870

Cash at bank and in hand

10,949

10,369

50,364

43,118

CREDITORS

Amounts falling due within one year

8

(49,171

)

(43,236

)

NET CURRENT ASSETS/(LIABILITIES)

1,193

(118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,041

11,754

CREDITORS

Amounts falling due after more than one year

9

(2,960

)

(9,438

)

PROVISIONS FOR LIABILITIES

11

(2,245

)

(2,248

)

NET ASSETS

7,836

68

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,736

(32

)

SHAREHOLDERS' FUNDS

7,836

68

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2025 and were signed by:

D J Barber - Director

1.	STATUTORY INFORMATION

Autolock Limited ('The Company') is primarily engaged in repairing and replacement of automatic gearboxes.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Macon Way, Crewe, Cheshire, CW1 6DG. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

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

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered (including recharged expenses), stated net of discounts and of Value Added Tax.

Income is recognised when services have been rendered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Director's loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 year end.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end.

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.

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each year end. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 29 February 2024

1,043

66,979

32,331

100,353

Additions

-

2,694

523

3,217

At 28 February 2025

1,043

69,673

32,854

103,570

DEPRECIATION

At 29 February 2024

1,003

56,828

30,650

88,481

Charge for year

4

1,927

1,310

3,241

At 28 February 2025

1,007

58,755

31,960

91,722

NET BOOK VALUE

At 28 February 2025

36

10,918

894

11,848

At 28 February 2024

40

10,151

1,681

11,872

6.

STOCKS

2025

2024

£

£

Stocks

12,500

8,500

Loose tools

12,351

11,379

24,851

19,879

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,071

3,520

Cliff loan

-

800

Other debtors

-

1,170

Director's current account

5,659

2,856

Prepayments

2,834

4,524

14,564

12,870

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,860

7,350

Trade creditors

22,221

21,392

Tax

7,322

1,121

Social security and other taxes

531

667

VAT

5,185

7,132

Other creditors

4,879

3,555

Accrued expenses

2,173

2,019

49,171

43,236

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,960

7,350

Bank loans - 2-5 years

-

2,088

2,960

9,438

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,820

16,788

The bank loan shown above has been secured by a personal guarantee provided by Mr D J Barber.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,245

2,248

Deferred

tax

£

Balance at 29 February 2024

2,248

Provided during year

(3

)

Movement in accelerated

capital allowances

Balance at 28 February 2025

2,245