Registered number
05599475
Alarm Response & Keyholding Limited
Filleted Accounts
30 November 2023
Alarm Response & Keyholding Limited
Registered number: 05599475
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 194,102 134,452
194,102 134,452
Current assets
Debtors 5 635,457 909,754
Cash at bank and in hand 35,451 82,351
670,908 992,105
Creditors: amounts falling due within one year 6 (695,943) (900,560)
Net current (liabilities)/assets (25,035) 91,545
Total assets less current liabilities 169,067 225,997
Creditors: amounts falling due after more than one year 7 (163,361) (137,950)
Net assets 5,706 88,047
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,606 87,947
Shareholders' funds 5,706 88,047
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N K Jackson
Director
Approved by the board on 23 August 2024
Alarm Response & Keyholding Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% on cost and 15% on cost
Motor Vehicles 25% of cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 9
3 Taxation
Analysis of charge in period
No liability to UK corporation tax arose for the year ended 30 November 2023 nor for the year
ended 30 November 2022
4 Tangible fixed assets
Fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 December 2022 99,386 76,382 175,768
Additions 4,832 122,089 126,921
Disposals (7,671) - (7,671)
At 30 November 2023 96,547 198,471 295,018
Depreciation
At 1 December 2022 38,918 2,398 41,316
Charge for the year 19,733 44,342 64,075
On disposals (4,475) - (4,475)
At 30 November 2023 54,176 46,740 100,916
Net book value
At 30 November 2023 42,371 151,731 194,102
At 30 November 2022 60,468 73,984 134,452
5 Debtors 2023 2022
£ £
Trade debtors 239,883 377,188
Amounts owed by group undertakings 395,574 531,058
Prepayments - 1,508
635,457 909,754
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 48,889 48,889
Obligations under finance lease and hire purchase contracts 26,193 12,171
Trade creditors 369,343 553,782
Amounts owed to group undertakings 139,440 109,887
Othe taxation and social security costs 8,730 4,020
Other creditors and accruals 103,348 171,811
695,943 900,560
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,592 81,482
Obligations under finance lease and hire purchase contracts 130,769 56,468
163,361 137,950
8 Controlling party
The Ultimate Controlling Party is N K Jackson
The company is a wholly owned subsidiary of ARM Secure Holdings Limited. A Company incorporated in England & Wales with the same registered address
9 Other information
Alarm Response & Keyholding Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, 720 Mandarin Court
Centre Park
Warrington
WA1 1GG
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