Company Registration Number 02779049 (England and Wales)
LOCKS 'N' TOOLS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
LOCKS 'N' TOOLS LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
LOCKS 'N' TOOLS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2019
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2019.
Principal activities
The principal activity of the company continued to be that of Locksmiths.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr K Reekie
Mrs J Reekie
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.
By order of the board
Mr K Reekie
Mr K Reekie
Secretary
Director
30 June 2020
LOCKS 'N' TOOLS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
2019
2018
£
£
Turnover
377,365
365,537
Other income
-
1,665
Cost of raw materials and consumables
(160,389)
(156,275)
Staff costs
(97,789)
(87,806)
Depreciation and other amounts written off assets
(9,749)
(2,907)
Other charges
(70,582)
(69,313)
Tax
(6,414)
(9,960)
Profit
32,442
40,941
LOCKS 'N' TOOLS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 3 -
2019
2018
£
£
£
£
Fixed assets
30,949
23,453
Current assets
44,019
49,494
Creditors: amounts falling due within one year
(65,106)
(59,928)
Net current liabilities
(21,087)
(10,434)
Total assets less current liabilities
9,862
13,019
Creditors: amounts falling due after more than one year
(9,820)
(13,019)
Net assets
42
-
Capital and reserves
42
-
Notes to the financial statements
1
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2019
2018
Number
Number
Employees
4
5
Locks 'N' Tools Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1B Princes Avenue, Dartford, Kent, UK, DA2 6NE.
For the year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
LOCKS 'N' TOOLS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2019
31 December 2019
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 30 June 2020 and are signed on its behalf by:
Mr K Reekie
Director
Company Registration Number 02779049