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REGISTERED NUMBER: 06731825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ALARMSMITHS LIMITED

ALARMSMITHS LIMITED (REGISTERED NUMBER: 06731825)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALARMSMITHS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S Smith





SECRETARY:





REGISTERED OFFICE: 50b Rookery Road
Wyboston
Bedford
Bedfordshire
MK44 3AX





REGISTERED NUMBER: 06731825 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

ALARMSMITHS LIMITED (REGISTERED NUMBER: 06731825)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,318 37,915

CURRENT ASSETS
Stocks - 1,715
Debtors 5 61,964 83,978
Cash at bank 150,852 63,846
212,816 149,539
CREDITORS
Amounts falling due within one year 6 142,038 100,128
NET CURRENT ASSETS 70,778 49,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,096

87,326

CREDITORS
Amounts falling due after more than one
year

7

(70,476

)

(63,032

)

PROVISIONS FOR LIABILITIES (14,689 ) (7,202 )
NET ASSETS 62,931 17,092

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 62,731 16,892
SHAREHOLDERS' FUNDS 62,931 17,092

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

ALARMSMITHS LIMITED (REGISTERED NUMBER: 06731825)

BALANCE SHEET - continued
31 OCTOBER 2023


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 director and authorised for issue on 16 November 2023 and were signed by:





S Smith - Director


ALARMSMITHS LIMITED (REGISTERED NUMBER: 06731825)

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

1. STATUTORY INFORMATION

Alarmsmiths 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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.

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.

ALARMSMITHS LIMITED (REGISTERED NUMBER: 06731825)

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

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 12,460 54,715 8,163 75,338
Additions - 50,847 1,958 52,805
At 31 October 2023 12,460 105,562 10,121 128,143
DEPRECIATION
At 1 November 2022 12,337 17,919 7,167 37,423
Charge for year 59 12,896 447 13,402
At 31 October 2023 12,396 30,815 7,614 50,825
NET BOOK VALUE
At 31 October 2023 64 74,747 2,507 77,318
At 31 October 2022 123 36,796 996 37,915

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 54,715
Additions 50,847
At 31 October 2023 105,562
DEPRECIATION
At 1 November 2022 17,919
Charge for year 12,896
At 31 October 2023 30,815
NET BOOK VALUE
At 31 October 2023 74,747
At 31 October 2022 36,796

ALARMSMITHS LIMITED (REGISTERED NUMBER: 06731825)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 58,464 29,188
Other debtors - 51,000
Prepayments 3,500 3,790
61,964 83,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 28,455 10,150
Trade creditors 73,259 60,745
Social security and other taxes 24,397 11,680
VAT 13,499 15,468
Directors loan account 14 25
Sundry creditors and accruals 2,414 2,060
142,038 100,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 25,324 35,324
Hire purchase contracts 45,152 27,708
70,476 63,032

8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100
99 A Ordinary £1 99 99
1 B Ordinary £1 1 1
200 200