Lock Casting Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09417935 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Lock Casting Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T Warren

S Castley

J J Keating

K N Pryer

REGISTERED OFFICE:

66-68 De Beauvoir Crescent

London

N1 5SB

REGISTERED NUMBER:

09417935 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

CURRENT ASSETS

Debtors

4

8,191

4,520

Cash at bank

89

4,290

8,280

8,810

CREDITORS

Amounts falling due within one year

5

12,486

15,936

NET CURRENT LIABILITIES

(4,206

)

(7,126

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,206

)

(7,126

)

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

(4,316

)

(7,236

)

SHAREHOLDERS' FUNDS

(4,206

)

(7,126

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 December 2017 and were signed on its behalf by:

T Warren - Director

1.	STATUTORY INFORMATION

Lock Casting 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.

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.

The accounts have been prepared on a going concern basis as the company has been given the continued

support of its directors and shareholders. On this basis, the directors consider it appropriate to prepare the

financial statements on a going concern basis. The financial statements do not include any adjustments that

would result from a withdrawal of the directors and shareholders support.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

8,191

4,520

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

6,655

-

Amounts owed to group undertakings

2,499

14,619

Taxation and social security

1,565

-

Other creditors

1,767

1,317

12,486

15,936

6.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Lock Studios Limited a balance amounting to £2,499.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Warren.

The company regards Thomas Warren as the ultimate controlling party owing to his shareholding in the parent

company.