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REGISTERED NUMBER: 02194980 (England and Wales)
















PREMIER ALARMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 4


PREMIER ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: V Humphreys
L Humphreys





SECRETARY: L Humphreys





REGISTERED OFFICE: 2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





BUSINESS ADDRESS: Unit F4
Chaucer Industrial Estate
Watery Lane
Kemsing
Kent
TN15 6HU





REGISTERED NUMBER: 02194980 (England and Wales)






PREMIER ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







AUDITORS: Lakeview Southern Audit Limited
Chartered Accountants and
Statutory Auditors
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,469 18,704
Tangible assets 5 362,061 219,497
374,530 238,201

CURRENT ASSETS
Stocks 6 23,220 25,850
Debtors 7 378,717 428,801
Cash at bank and in hand 812,593 866,440
1,214,530 1,321,091
CREDITORS
Amounts falling due within one year 8 1,166,650 1,187,372
NET CURRENT ASSETS 47,880 133,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,410

371,920

PROVISIONS FOR LIABILITIES 47,173 15,562
NET ASSETS 375,237 356,358

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 365,237 346,358
SHAREHOLDERS' FUNDS 375,237 356,358

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 23 October 2023 and were signed on its behalf by:





V Humphreys - Director


PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

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

Turnover
Turnover comprises the value of goods and services sold by the company in the year. Maintenance contracts are taken to turnover over the period of the agreement.

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.
Leasehold improvements - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - at variable rates 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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Goodwill
Goodwill, being the amount paid in connection with the amalgamation of Premier Access Control Ltd (formerly Locksecure Limited) into the company on 1 June 2005, is being amortised evenly over it's estimated useful life of 20 years. The life of the goodwill has been reviewed by the Directors who consider that as the division is run as a separate entity there is a reliable estimate to base this upon.

Cash and cash equivalents
The company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The company does not have any such investments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 124,697
AMORTISATION
At 1 June 2022 105,993
Amortisation for year 6,235
At 31 May 2023 112,228
NET BOOK VALUE
At 31 May 2023 12,469
At 31 May 2022 18,704

The goodwill arose on the amalgamation of the assets, trade and goodwill of Premier Access Control Ltd (formerly Locksecure Limited) into the company. This company is now dormant.

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Fixtures Motor
improvements machinery & fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 242,869 12,973 117,556 440,673 814,071
Additions - - - 256,833 256,833
Disposals - - - (133,360 ) (133,360 )
At 31 May 2023 242,869 12,973 117,556 564,146 937,544
DEPRECIATION
At 1 June 2022 197,332 12,425 85,489 299,328 594,574
Charge for year 30,359 137 4,809 78,964 114,269
Eliminated on disposal - - - (133,360 ) (133,360 )
At 31 May 2023 227,691 12,562 90,298 244,932 575,483
NET BOOK VALUE
At 31 May 2023 15,178 411 27,258 319,214 362,061
At 31 May 2022 45,537 548 32,067 141,345 219,497


PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. STOCKS
31.5.23 31.5.22
£    £   
Stocks 23,220 25,850

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 199,431 179,038
Other debtors 102,974 103,056
Directors' loans 29,678 131,682
Prepayments 46,634 15,025
378,717 428,801

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 212,436 234,031
Corporation taxation 113,854 149,392
Social security and other taxes 137,206 115,795
Accruals and deferred income 703,154 688,154
1,166,650 1,187,372

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Hull (Senior Statutory Auditor)
for and on behalf of Lakeview Southern Audit Limited

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
V Humphreys and L Humphreys
Balance outstanding at start of year 131,682 194,756
Amounts repaid (102,004 ) (63,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,678 131,682

Interest is charged at 2.5% and the loan is repayable on demand.

PREMIER ALARMS LIMITED (REGISTERED NUMBER: 02194980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


11. RELATED PARTY DISCLOSURES

Dividends were paid to the Directors in the year in their capacity as shareholders.

12. PRINCIPAL PLACE OF BUSINESS

The principal place of business is Unit F4, Chaucer Industrial Estate, Watery Lane, Kemsing, Sevenoaks, Kent TN15 6PL.

13. PENSION COMMITMENTS

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.