Lockie Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05031214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

LOCKIE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P K Christian

R Pooley

R J Brown

REGISTERED OFFICE:

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

REGISTERED NUMBER:

05031214 (England and Wales)

ACCOUNTANTS:

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

FIXED ASSETS

Intangible assets

4

50,809

55,225

Tangible assets

5

118,939

159,340

169,748

214,565

CURRENT ASSETS

Stocks

6

130,806

139,132

Debtors

7

1,296,593

995,223

Cash at bank and in hand

67,584

59,511

1,494,983

1,193,866

CREDITORS

Amounts falling due within one year

8

1,180,427

930,361

NET CURRENT ASSETS

314,556

263,505

TOTAL ASSETS LESS CURRENT LIABILITIES

484,304

478,070

CREDITORS

Amounts falling due after more than one year

9

-

(10,215

)

PROVISIONS FOR LIABILITIES

(1,161

)

(6,415

)

NET ASSETS

483,143

461,440

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

482,143

460,440

SHAREHOLDERS' FUNDS

483,143

461,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 June 2018 and were signed on its behalf by:

D P K Christian - Director

1.	STATUTORY INFORMATION

Lockie 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.

Turnover

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

33% on cost, 20% on cost and 10% on cost

Motor vehicles

-

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.

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.

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 24 (2016 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

110,440

AMORTISATION

At 1 October 2016

55,215

Amortisation for year

4,416

At 30 September 2017

59,631

NET BOOK VALUE

At 30 September 2017

50,809

At 30 September 2016

55,225

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

433,565

275,583

32,000

741,148

Additions

-

5,299

-

5,299

At 30 September 2017

433,565

280,882

32,000

746,447

DEPRECIATION

At 1 October 2016

382,599

189,709

9,500

581,808

Charge for year

14,785

25,290

5,625

45,700

At 30 September 2017

397,384

214,999

15,125

627,508

NET BOOK VALUE

At 30 September 2017

36,181

65,883

16,875

118,939

At 30 September 2016

50,966

85,874

22,500

159,340

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2016

and 30 September 2017

32,000

DEPRECIATION

At 1 October 2016

9,500

Charge for year

5,625

At 30 September 2017

15,125

NET BOOK VALUE

At 30 September 2017

16,875

At 30 September 2016

22,500

6.

STOCKS

30.9.17

30.9.16

£

£

Stocks

130,806

139,132

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

55,050

61,134

Provision for doubtful debts

(7,184

)

(6,563

)

Amounts owed by group undertakings

874,724

584,724

Other debtors

281,700

319,300

VAT

48,863

-

Prepayments

43,440

36,628

1,296,593

995,223

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

7,662

7,662

Trade creditors

84,665

46,012

Amounts owed to group undertakings

725,188

650,760

Tax

-

22,051

Social security and other taxes

9,899

11,528

VAT

-

4,393

Pension control

1,313

-

Telstar Limited

325,000

-

Accrued expenses

26,700

187,955

1,180,427

930,361

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

-

10,215

10.	RELATED PARTY DISCLOSURES

At the year end the following balances were owed to associated companies:

2017

2016

A1 Printing Limited

(387,668

)

(291,185

)

Hammond & Harper Limited

(323,450

)

(283,004

)

Woodpecker Limited

862,961

572,961

During the year Woodpecker Limited raised an invoice for management charges totalling £35,000

(2016:£35,000)

11.	ULTIMATE CONTROLLING PARTY

In the directors' opinion the company's ultimate parent company and controlling party is Woodpecker Limited

(previously Woodpecker plc) which is incorporated in England & Wales.

As the subsidiary is part of a Group that qualifies as a small Group the Company has taken advantage of all of

the exemptions available to it.

Mr DPK Christian with connected parties owns 100 percent of the shares of the controlling company.