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REGISTERED NUMBER: 03814979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

ACORN SECURITY LOCKSMITHS LTD

ACORN SECURITY LOCKSMITHS LTD (REGISTERED NUMBER: 03814979)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACORN SECURITY LOCKSMITHS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTOR: G Alexander





REGISTERED OFFICE: Riverside House
1/5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 03814979 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

ACORN SECURITY LOCKSMITHS LTD (REGISTERED NUMBER: 03814979)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,026 9,203

CURRENT ASSETS
Stocks 20,480 14,952
Debtors 5 19,035 14,951
Cash at bank and in hand 7,567 3,954
47,082 33,857
CREDITORS
Amounts falling due within one year 6 24,329 25,907
NET CURRENT ASSETS 22,753 7,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,779

17,153

PROVISIONS FOR LIABILITIES 1,590 497
NET ASSETS 30,189 16,656

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 30,188 16,655
SHAREHOLDERS' FUNDS 30,189 16,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 25 February 2019 and were signed by:





G Alexander - Director


ACORN SECURITY LOCKSMITHS LTD (REGISTERED NUMBER: 03814979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019


1. STATUTORY INFORMATION

Acorn Security Locksmiths Ltd 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.

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.
Improvements to property - 25% on cost
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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

ACORN SECURITY LOCKSMITHS LTD (REGISTERED NUMBER: 03814979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.
Those held under finance leases are depreciated over their estimated useful lives or the lease
term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 3 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2018 2,894 29,271 2,161
Additions - 2,450 384
Disposals (2,894 ) - -
At 31 January 2019 - 31,721 2,545
DEPRECIATION
At 1 February 2018 2,894 27,643 1,975
Charge for year - 1,021 143
Eliminated on disposal (2,894 ) - -
At 31 January 2019 - 28,664 2,118
NET BOOK VALUE
At 31 January 2019 - 3,057 427
At 31 January 2018 - 1,628 186

ACORN SECURITY LOCKSMITHS LTD (REGISTERED NUMBER: 03814979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2018 39,313 2,873 76,512
Additions - - 2,834
Disposals - - (2,894 )
At 31 January 2019 39,313 2,873 76,452
DEPRECIATION
At 1 February 2018 33,045 1,752 67,309
Charge for year 1,567 280 3,011
Eliminated on disposal - - (2,894 )
At 31 January 2019 34,612 2,032 67,426
NET BOOK VALUE
At 31 January 2019 4,701 841 9,026
At 31 January 2018 6,268 1,121 9,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 14,679 9,073
Taxation - 1,516
Prepayments and accrued income 4,356 4,362
19,035 14,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 3,745 10,481
Trade creditors 4,765 4,450
Taxation 2,826 -
Social security and other taxes 1,284 1,304
VAT 4,393 2,927
Directors' current accounts 4,525 4,344
Accrued expenses 2,791 2,401
24,329 25,907

7. RESERVES
Retained
earnings
£   

At 1 February 2018 16,655
Profit for the year 15,533
Dividends (2,000 )
At 31 January 2019 30,188