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REGISTERED NUMBER: 02951000 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BEE TEE ALARMS LIMITED

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BEE TEE ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: P J Collins
M Collins
D J Quinn
C Hayward





SECRETARY: A E Banner





REGISTERED OFFICE: Eagle House
28 Billing Road
Northampton
Northamptonshire
NN1 5AJ





REGISTERED NUMBER: 02951000 (England and Wales)





ACCOUNTANTS: DNG Dove Naish LLP
Eagle House
28 Billing Road
Northampton
NN1 5AJ

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,707 41,650
11,707 41,650

CURRENT ASSETS
Stocks 10,697 11,299
Debtors 6 811,966 780,304
Cash at bank and in hand 77,152 3,130
899,815 794,733
CREDITORS
Amounts falling due within one year 7 518,824 494,109
NET CURRENT ASSETS 380,991 300,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,698

342,274

CREDITORS
Amounts falling due after more than one
year

8

(18,333

)

(28,333

)

PROVISIONS FOR LIABILITIES (395 ) (105 )
NET ASSETS 373,970 313,836

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Fair value reserve 10 - 30,223
Retained earnings 333,970 243,613
SHAREHOLDERS' FUNDS 373,970 313,836

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

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

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





P J Collins - Director


BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

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


1. STATUTORY INFORMATION

Bee Tee 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover
Turnover comprises installation, maintenance and monitoring fees, excluding value added tax.

Installation fees are rendered on completion of work and are recognised on the basis of invoices raised.

Maintenance fees are recognised on the basis of invoices raised subject to provision for maintenance visits outstanding at the balance sheet date.

Monitoring fees are recognised on the basis of invoices raised which basis accords with the accounting treatment of monitoring expenditure incurred.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised.

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Fixtures, fittings & equipment - 15% - 33.3% on cost
Motor vehicles - 33% on cost
Assets used in Advertising - 10% on cost

Fixed assets, excluding assets used in advertising, are stated at cost less accumulated depreciation and accumulated impairment losses.
Where parts of an item of property, plant and equipment have different useful lives, they are accounted
for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The
selection of these residual values and estimated lives requires the exercise of judgement. The
directors are required to assess whether there is an indication of impairment to the carrying value of
assets. In making that assessment, judgements are made in estimating value in use. The directors
consider that the individual carrying values of assets are supportable by their value in use.

Assets used in advertising have been revalued to fair value and will be depreciated over useful life. Difference in depreciated cost and fair value is accounted for in fair value reserve.

Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income under administrative expenses.

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 classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or 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.

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 statement of financial position date.

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 statement of financial position 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 payable under operating leases are charged against income on a straight line basis over the lease term.

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 31 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 86,623
AMORTISATION
At 1 September 2022
and 31 August 2023 86,623
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

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


5. TANGIBLE FIXED ASSETS
Historic
Fixtures, assets
fittings Motor used in
& equipment vehicles advertising Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2022 31,618 19,846 39,725 91,189
Additions 2,185 - - 2,185
Disposals - - (30,225 ) (30,225 )
At 31 August 2023 33,803 19,846 9,500 63,149
DEPRECIATION
At 1 September 2022 29,455 19,846 238 49,539
Charge for year 953 - 3,721 4,674
Eliminated on disposal - - (2,771 ) (2,771 )
At 31 August 2023 30,408 19,846 1,188 51,442
NET BOOK VALUE
At 31 August 2023 3,395 - 8,312 11,707
At 31 August 2022 2,163 - 39,487 41,650

Cost or valuation at 31 August 2023 is represented by:

Historic
Fixtures, assets
fittings Motor used in
& equipment vehicles advertising Totals
£    £    £    £   
Cost 33,803 19,846 9,500 63,149

Assets that were revalued in prior year were sold during year end 31 August 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,668 231,891
Amounts recoverable on contract 2,709 3,732
Other debtors 19,589 19,164
Directors' current accounts 417,828 391,035
Tax 127,470 118,170
Prepayments and accrued income 37,702 16,312
811,966 780,304

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,376
Other loans 10,588 10,588
Trade creditors 189,356 170,330
Tax 42,377 32,084
Social security and other taxes 30,378 27,809
VAT 82,798 73,882
Other creditors 30,743 34,614
Accruals and deferred income 132,584 134,426
518,824 494,109

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 18,333 28,333

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 82,112 98,380
Between one and five years 50,637 53,034
132,749 151,414

10. RESERVES
Fair
value
reserve
£   
At 1 September 2022 30,223
Fair Value Reserve (30,223 )

At 31 August 2023 -

BEE TEE ALARMS LIMITED (REGISTERED NUMBER: 02951000)

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


11. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
P J Collins
Balance outstanding at start of year 391,035 342,705
Amounts advanced 26,793 62,824
Amounts repaid - (14,494 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 417,828 391,035

Loan interest was charged at a rate 2% per annum. The loan was overdrawn to a maximum of £417,848 within the year.