REGISTERED NUMBER: 04428539

Financial Statements

for the Year Ended 31 March 2018

for

A.A.LOCKSMITHS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Young

SECRETARY:

Mrs M Young

REGISTERED OFFICE:

103 Kentish Town Road

London

NW1 8PB

REGISTERED NUMBER:

04428539

ACCOUNTANTS:

Connor, Spencer

Chartered Accountants

5 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

4

2,846

3,557

CURRENT ASSETS

Debtors

5

6,348

5,358

Cash at bank

30,470

23,614

36,818

28,972

CREDITORS

Amounts falling due within one year

6

39,057

31,985

NET CURRENT LIABILITIES

(2,239

)

(3,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

607

544

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

507

444

SHAREHOLDERS' FUNDS

607

544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 May 2018 and were signed by:

Mr D Young - Director

1.	STATUTORY INFORMATION

A.A.Locksmiths Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover 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.

Motor vehicles

-

20% on reducing balance

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 balance sheet date.

Deferred tax

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

the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

4,446

DEPRECIATION

At 1 April 2017

889

Charge for year

711

At 31 March 2018

1,600

NET BOOK VALUE

At 31 March 2018

2,846

At 31 March 2017

3,557

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,348

5,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

9,154

7,886

Other creditors

29,903

24,099

39,057

31,985