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REGISTERED NUMBER: 05188436 (England and Wales)















KNIGHT ALARMS LIMITED

Unaudited Financial Statements

For The Year Ended 31 July 2023






KNIGHT ALARMS LIMITED (REGISTERED NUMBER: 05188436)

Contents of the Financial Statements
For The Year Ended 31 July 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KNIGHT ALARMS LIMITED

Company Information
For The Year Ended 31 July 2023







DIRECTOR: G W Nazer





SECRETARY: Ms A J Woolley





REGISTERED OFFICE: 64 Silverhurst Drive
Tonbridge
Kent
TN10 3QH





REGISTERED NUMBER: 05188436 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

KNIGHT ALARMS LIMITED (REGISTERED NUMBER: 05188436)

Abridged Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,691 5,479

CURRENT ASSETS
Stocks 70,558 62,563
Debtors 66,330 37,445
Cash at bank 198,272 166,418
335,160 266,426
CREDITORS
Amounts falling due within one year 33,106 28,041
NET CURRENT ASSETS 302,054 238,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,745

243,864

PROVISIONS FOR LIABILITIES 891 1,041
NET ASSETS 305,854 242,823

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 305,852 242,821
SHAREHOLDERS' FUNDS 305,854 242,823

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

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

KNIGHT ALARMS LIMITED (REGISTERED NUMBER: 05188436)

Abridged Balance Sheet - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2024 and were signed by:





G W Nazer - Director


KNIGHT ALARMS LIMITED (REGISTERED NUMBER: 05188436)

Notes to the Financial Statements
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

Knight 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.

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, net of discounts and value added tax, from the manufacture and installation of environmental alarms during the period. Turnover is recognised according to the stage of completion of the contract to which it relates. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 - 20% on reducing balance
Office equipment - 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.

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.

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.

KNIGHT ALARMS LIMITED (REGISTERED NUMBER: 05188436)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 21,040
Additions 385
At 31 July 2023 21,425
DEPRECIATION
At 1 August 2022 15,561
Charge for year 1,173
At 31 July 2023 16,734
NET BOOK VALUE
At 31 July 2023 4,691
At 31 July 2022 5,479

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
G W Nazer
Balance outstanding at start of year - 3,167
Amounts advanced 15,910 180
Amounts repaid (2,977 ) (3,347 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,933 -

The director's loan account is repayable within 9 months of the balance sheet date. Interest was charged by the company to the director at the official rate for periods when the balance exceeded £10,000.