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REGISTERED NUMBER: 07184577 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Secured Alarm Systems Ltd

Secured Alarm Systems Ltd (Registered number: 07184577)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Secured Alarm Systems Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M C Giffard
R S Little
Mrs P A Giffard





SECRETARY: Mrs P A Giffard





REGISTERED OFFICE: 25 Aldwyn Road
Cockett
Swansea
West Glamorgan
SA5 5BU





REGISTERED NUMBER: 07184577 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Secured Alarm Systems Ltd (Registered number: 07184577)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,864 79,042

CURRENT ASSETS
Stocks 25,500 18,600
Debtors 5 410,924 557,482
Cash at bank and in hand 124,473 204,271
560,897 780,353
CREDITORS
Amounts falling due within one year 6 253,462 422,411
NET CURRENT ASSETS 307,435 357,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,299

436,984

CREDITORS
Amounts falling due after more than
one year

7

(40,690

)

(40,383

)

PROVISIONS FOR LIABILITIES 9 (16,750 ) (15,000 )
NET ASSETS 354,859 381,601

Secured Alarm Systems Ltd (Registered number: 07184577)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 354,759 381,501
SHAREHOLDERS' FUNDS 354,859 381,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 21 November 2023 and were signed on its behalf by:





M C Giffard - Director


Secured Alarm Systems Ltd (Registered number: 07184577)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Secured Alarm Systems 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 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.


Secured Alarm Systems Ltd (Registered number: 07184577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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 19 (2022 - 18 ) .

Secured Alarm Systems Ltd (Registered number: 07184577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 9,571 11,892 111,735 33,388 166,586
Additions 433 - 47,782 373 48,588
Disposals - - (3,100 ) - (3,100 )
At 31 March 2023 10,004 11,892 156,417 33,761 212,074
DEPRECIATION
At 1 April 2022 7,253 9,230 49,569 21,492 87,544
Charge for year 687 666 17,345 3,067 21,765
Eliminated on disposal - - (2,099 ) - (2,099 )
At 31 March 2023 7,940 9,896 64,815 24,559 107,210
NET BOOK VALUE
At 31 March 2023 2,064 1,996 91,602 9,202 104,864
At 31 March 2022 2,318 2,662 62,166 11,896 79,042

The net book value of tangible fixed assets held under hire purchase at 31 March 2023 was £38,235 (2022 : £23,004). The depreciation provided on these assets in the year was £2,207 (2022 : £4,465).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 397,301 549,114
Other debtors 13,623 8,368
410,924 557,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 15,876 8,652
Trade creditors 151,093 234,792
Taxation and social security 50,773 116,245
Other creditors 25,720 52,722
253,462 422,411

Secured Alarm Systems Ltd (Registered number: 07184577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 23,840 32,500
Hire purchase contracts 16,850 7,883
40,690 40,383

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 32,726 16,535

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 16,750 15,000

Deferred
tax
£   
Balance at 1 April 2022 15,000
Provided during year 1,750
Balance at 31 March 2023 16,750

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
M C Giffard
Balance outstanding at start of year (26,658 ) (10,699 )
Amounts advanced 9,958 15,761
Amounts repaid - (31,720 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,700 ) (26,658 )

Secured Alarm Systems Ltd (Registered number: 07184577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R S Little
Balance outstanding at start of year (6,893 ) 11,681
Amounts advanced 9,450 7,076
Amounts repaid - (25,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,557 (6,893 )

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £48,855 (2022 - £57,000) were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

The controlling party is M C Giffard.