Company Registration No. 06918118 (England and Wales)
M C M Alarms Ltd
Unaudited accounts
for the year ended 31 May 2024
M C M Alarms Ltd
Unaudited accounts
Contents
M C M Alarms Ltd
Company Information
for the year ended 31 May 2024
Directors
N A Barnes
M Odell
Company Number
06918118 (England and Wales)
Registered Office
Castle House
1a Castle Street
Wellingborough
Northamptonshire
NN8 1LS
United Kingdom
Accountants
Canary Accounting Limited
31 Lee Drive
Houlton
Rugby
Warwickshire
CV23 1AG
M C M Alarms Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
23,601
28,484
Tangible assets
4,832
5,096
Cash at bank and in hand
116,581
64,942
Creditors: amounts falling due within one year
(113,996)
(164,555)
Net current assets
167,786
149,103
Total assets less current liabilities
196,219
182,683
Provisions for liabilities
Deferred tax
(1,176)
(1,234)
Net assets
195,043
181,449
Called up share capital
3
3
Profit and loss account
192,089
178,495
Shareholders' funds
195,043
181,449
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
N A Barnes
Director
Company Registration No. 06918118
M C M Alarms Ltd
Notes to the Accounts
for the year ended 31 May 2024
M C M Alarms Ltd is a private company, limited by shares, registered in England and Wales, registration number 06918118. The registered office is Castle House, 1a Castle Street, Wellingborough, Northamptonshire, NN8 1LS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Preparation of consolidated financial statements
The financial statements contain information about MCM Alarms Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on reducing balance
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
30% on reducing balance
Stock is valued at the lower of cost and net realisable value.
M C M Alarms Ltd
Notes to the Accounts
for the year ended 31 May 2024
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 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
The company operates a defined contribution pension scheme. contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill
M C M Alarms Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
1,970
5,546
3,681
20,695
31,892
Additions
-
-
-
1,413
1,413
At 31 May 2024
1,970
5,546
3,681
22,108
33,305
At 1 June 2023
1,813
4,817
3,381
16,785
26,796
Charge for the year
31
145
75
1,426
1,677
At 31 May 2024
1,844
4,962
3,456
18,211
28,473
At 31 May 2024
126
584
225
3,897
4,832
At 31 May 2023
157
729
300
3,910
5,096
Amounts falling due within one year
Trade debtors
147,621
227,069
Amounts due from group undertakings etc.
137
137
Accrued income and prepayments
6,983
6,230
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
34,407
84,734
Taxes and social security
75,682
76,897
Other creditors
3,907
2,924
Allotted, called up and fully paid:
200 Ordinary shares of £0.01 each
2
2
100 Ordinary B shares of £0.01 each
1
1
M C M Alarms Ltd
Notes to the Accounts
for the year ended 31 May 2024
9
Operating lease commitments
2024
2023
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
27,370
22,578
Later than one year and not later than five years
14,145
22,343
10
Average number of employees
During the year the average number of employees was 7 (2023: 6).