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REGISTERED NUMBER: 04192309 (England and Wales)










REMOTE MONITORING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






REMOTE MONITORING LIMITED (REGISTERED NUMBER: 04192309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


REMOTE MONITORING LIMITED (REGISTERED NUMBER: 04192309)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,480 28,680

CURRENT ASSETS
Debtors 5 2,163 927
Cash at bank 24,968 5,234
27,131 6,161
CREDITORS
Amounts falling due within one year 6 54,935 21,832
NET CURRENT LIABILITIES (27,804 ) (15,671 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,676 13,009

PROVISIONS FOR LIABILITIES 4,194 2,120
NET ASSETS 22,482 10,889

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Revaluation Reserve 8 17,881 9,040
Retained earnings (5,399 ) (8,151 )
SHAREHOLDERS' FUNDS 22,482 10,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 21st February 2024 and were signed on its behalf by:





M J Feeny - Director


REMOTE MONITORING LIMITED (REGISTERED NUMBER: 04192309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Remote Monitoring Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
The directors have concluded that the corresponding depreciation charge and accumulated depreciation would not be material and therefore should not be charged in the profit and loss account. The directors perform annual impairment reviews in accordance with the requirements of FRS 102 section 27.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

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

REMOTE MONITORING LIMITED (REGISTERED NUMBER: 04192309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1st October 2022 28,680
Additions 14,885
Revaluations 10,915
At 30th September 2023 54,480
NET BOOK VALUE
At 30th September 2023 54,480
At 30th September 2022 28,680

The historical cost of the fixed assets as at 30th September 2023 was £32,405 (2022: £17,520).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,833 927
Other debtors 330 -
2,163 927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,469 1,405
Amounts owed to group undertakings 43,573 19,382
Taxation and social security - 145
Other creditors 5,893 900
54,935 21,832

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 A Ordinary £1 10,000 10,000

8. RESERVES
Revaluation
Reserve
£   
At 1st October 2022 9,040
Revaluation 10,915
Deferred tax (2,074 )

At 30th September 2023 17,881