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REGISTERED NUMBER: OC375438 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

ARC ALARMS LLP

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


ARC ALARMS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DESIGNATED MEMBERS: A Haden
Mrs R Haden





REGISTERED OFFICE: Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY





REGISTERED NUMBER: OC375438 (England and Wales)





ACCOUNTANTS: Kimberlee & Co
Chartered Accountants
Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 JULY 2023

The members present their report with the financial statements of the LLP for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of alarm installation and maintenance.

DESIGNATED MEMBERS
The designated members during the year under review were:

A Haden
Mrs R Haden

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £46,203 (2022 - £64,174 profit).

MEMBERS' INTERESTS
The designated members contribute equally to and withdraw equally from the limited liability partnership's capital. Movements in the designated partners' capital account and partners' loans are disclosed in note 6 to the accounts.

ON BEHALF OF THE MEMBERS:





A Haden - Designated member


29 January 2024

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

31.7.23 31.7.22
Notes £    £   

TURNOVER 511,581 522,431

Cost of sales 323,916 326,239
GROSS PROFIT 187,665 196,192

Administrative expenses 145,567 136,329
42,098 59,863

Other operating income 4,291 4,489
OPERATING PROFIT 4 46,389 64,352

Interest receivable and similar income 9 6
46,398 64,358

Interest payable and similar expenses 195 184
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




46,203




64,174

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,293 5,368

CURRENT ASSETS
Stocks 15,057 20,717
Debtors 6 49,944 36,406
Cash at bank 122,635 129,155
187,636 186,278
CREDITORS
Amounts falling due within one year 7 150,430 164,978
NET CURRENT ASSETS 37,206 21,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,499

26,668

CREDITORS
Amounts falling due after more than one
year

8

5,750

8,750
NET ASSETS ATTRIBUTABLE TO
MEMBERS

35,749

17,918

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

35,749

17,918

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 35,749 17,918

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 July 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)

BALANCE SHEET - continued
31 JULY 2023


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

The financial statements were approved by the members of the LLP and authorised for issue on 29 January 2024 and were signed by:





A Haden - Designated member

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)

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

1. STATUTORY INFORMATION

ARC Alarms LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery etc - 20% 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
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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.7.23 31.7.22
£    £   
Depreciation - owned assets 1,075 1,343

ARC ALARMS LLP (REGISTERED NUMBER: OC375438)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 14,293
DEPRECIATION
At 1 August 2022 8,925
Charge for year 1,075
At 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 4,293
At 31 July 2022 5,368

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 44,599 34,993
Other debtors 5,345 1,413
49,944 36,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 14,329 16,775
Taxation and social security 19,470 17,472
Other creditors 113,631 127,731
150,430 164,978

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 5,750 8,750

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.