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REGISTERED NUMBER: 04066642 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

CITY ALARMS LIMITED

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CITY ALARMS LIMITED

Company Information
for the year ended 31 August 2024







Director: Mr A J Tidiman





Secretary: Mrs J Tidiman





Registered office: 142 - 144 Hillview Avenue
Hornchurch
Essex
RM11 2DL





Registered number: 04066642 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 359,513 351,092
359,513 351,092

Current assets
Stocks 4,000 4,000
Debtors 6 55,966 58,310
Cash at bank 56,415 56,516
116,381 118,826
Creditors
Amounts falling due within one year 7 86,616 94,755
Net current assets 29,765 24,071
Total assets less current liabilities 389,278 375,163

Creditors
Amounts falling due after more than one
year

8

(193,189

)

(210,154

)

Provisions for liabilities 10 (17,300 ) (13,506 )
Net assets 178,789 151,503

Capital and reserves
Called up share capital 11 100 100
Retained earnings 178,689 151,403
Shareholders' funds 178,789 151,503

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

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

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr A J Tidiman - Director


CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

City 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 10 ) .

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023
and 31 August 2024 36,000
Amortisation
At 1 September 2023
and 31 August 2024 36,000
Net book value
At 31 August 2024 -
At 31 August 2023 -

5. Tangible fixed assets
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
Cost
At 1 September 2023 337,575 107,583 3,752 11,058 459,968
Additions - 31,750 - 309 32,059
At 31 August 2024 337,575 139,333 3,752 11,367 492,027
Depreciation
At 1 September 2023 40,509 62,064 2,620 3,683 108,876
Charge for year 6,751 15,564 170 1,153 23,638
At 31 August 2024 47,260 77,628 2,790 4,836 132,514
Net book value
At 31 August 2024 290,315 61,705 962 6,531 359,513
At 31 August 2023 297,066 45,519 1,132 7,375 351,092

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 41,199 53,598
Other debtors 14,767 4,712
55,966 58,310

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 18,230 18,230
Trade creditors 12,149 19,781
Taxation and social security 53,185 53,263
Other creditors 3,052 3,481
86,616 94,755

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 193,189 210,154

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 150,147 157,082

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 211,419 228,384

The trading premises 142-144 Hillview Avenue has a charge registered at companies house.

10. Provisions for liabilities
2024 2023
£ £
Deferred tax 17,300 13,506

Deferred tax
£
Balance at 1 September 2023 13,506
Provided during year 3,794
Balance at 31 August 2024 17,300

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
51 A Ordinary £1 51 51
49 B Ordinary £1 49 49
100 100

12. Director's advances, credits and guarantees

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

2024 2023
£ £
Mr A J Tidiman
Balance outstanding at start of year (535 ) (1,278 )
Amounts advanced 74,000 84,520
Amounts repaid (63,544 ) (83,777 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,921 (535 )

CITY ALARMS LIMITED (REGISTERED NUMBER: 04066642)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


12. Director's advances, credits and guarantees - continued

The loan is repayable on demand. Interest is charged on an overdrawn directors loan account balance at 2%.