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REGISTERED NUMBER: SC147842 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLAN ALARMS LIMITED

CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CLAN ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B M Middleton
Mrs S I Middleton





SECRETARY: Mrs S I Middleton





REGISTERED OFFICE: 38 Watson Crescent
Peterhead
Aberdeenshire
AB42 2WS





REGISTERED NUMBER: SC147842 (Scotland)





ACCOUNTANTS: Bain Henry Reid
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,245 8,490

CURRENT ASSETS
Stocks 18,063 24,096
Debtors 5 43,734 42,730
Investments 6 6,652 8,124
Cash at bank 6,165 19,331
74,614 94,281
CREDITORS
Amounts falling due within one year 7 55,243 68,931
NET CURRENT ASSETS 19,371 25,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,616

33,840

CREDITORS
Amounts falling due after more than one year 8 (9,916 ) (4,466 )

PROVISIONS FOR LIABILITIES (6,334 ) (1,510 )
NET ASSETS 30,366 27,864

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 28,366 25,864
30,366 27,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





Mr B M Middleton - Director


CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clan Alarms Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Store- 10% on Cost
Tools & equipment- 33% on Cost
Computer equipment- 20% on Cost
Motor vehicles- 25% on Cost
Office alterations & equipment- 20% on Cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 5,321 58,070 63,391
Additions - 19,922 19,922
At 31 March 2024 5,321 77,992 83,313
DEPRECIATION
At 1 April 2023 4,781 50,120 54,901
Charge for year 540 627 1,167
At 31 March 2024 5,321 50,747 56,068
NET BOOK VALUE
At 31 March 2024 - 27,245 27,245
At 31 March 2023 540 7,950 8,490

CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 15,305
Additions 19,495
At 31 March 2024 34,800
DEPRECIATION
At 1 April 2023 7,650
Charge for year 5,445
At 31 March 2024 13,095
NET BOOK VALUE
At 31 March 2024 21,705
At 31 March 2023 7,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,765 42,730
Other debtors 969 -
43,734 42,730

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 6,652 8,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,201 3,828
Trade creditors 27,557 37,939
Taxation and social security 11,341 19,561
Other creditors 9,144 7,603
55,243 68,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,916 4,466

CLAN ALARMS LIMITED (REGISTERED NUMBER: SC147842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr B M Middleton
Balance outstanding at start of year 1,890 1,890
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,890 1,890

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr B M Middleton.