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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
Page
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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
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M C M Alarms Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
23,601 
28,484 
Tangible assets
4,832 
5,096 
28,433 
33,580 
Current assets
Inventories
10,275 
14,549 
Debtors
154,926 
234,167 
Cash at bank and in hand
116,581 
64,942 
281,782 
313,658 
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 
Capital and reserves
Called up share capital
3 
3 
Share premium
2,951 
2,951 
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
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M C M Alarms Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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
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 fixed assets
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
Stock is valued at the lower of cost and net realisable value.
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M C M Alarms Ltd Notes to the Accounts for the year ended 31 May 2024
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.
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.
Pensions
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
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
48,830 
At 31 May 2024
48,830 
Amortisation
At 1 June 2023
20,346 
Charge for the year
4,883 
At 31 May 2024
25,229 
Net book value
At 31 May 2024
23,601 
At 31 May 2023
28,484 
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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 
Depreciation
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 
Net book value
At 31 May 2024
126 
584 
225 
3,897 
4,832 
At 31 May 2023
157 
729 
300 
3,910 
5,096 
6
Debtors
2024 
2023 
£ 
£ 
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 
Other debtors
185 
731 
154,926 
234,167 
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 
113,996 
164,555 
8
Share capital
2024 
2023 
£ 
£ 
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 
3 
3 
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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 
41,515 
44,921 
10
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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