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Registration number: 11184834

Alert Data Limited

Annual Report and Financial Statements

for the Year Ended 30 April 2024

 

Alert Data Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 7

 

Alert Data Limited

(Registration number: 11184834)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

44,791

43,948

Current assets

 

Stocks

5

6,212

-

Debtors

6

295,104

258,662

Cash at bank and in hand

 

23,043

34,168

 

324,359

292,830

Creditors: Amounts falling due within one year

7

(407,872)

(356,844)

Net current liabilities

 

(83,513)

(64,014)

Total assets less current liabilities

 

(38,722)

(20,066)

Provisions for liabilities

(11,198)

(3,610)

Net liabilities

 

(49,920)

(23,676)

Capital and reserves

 

Called up share capital

8

980

980

Retained earnings

(50,900)

(24,656)

Shareholders' deficit

 

(49,920)

(23,676)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

P J Brake
Director

M C Nickels
Director

 
     
 

Alert Data Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alert House
1 Willowside Park
Canal Road
Trowbridge
Wiltshire
BA14 8RH

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to the period presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The directors have been mindful of any potential impacts from future relationships with Europe, the current high inflation, and the current situation in Ukraine. Furthermore, the directors have reviewed budgets and projections for the next twelve months. From this review, the directors consider that the company is unlikely to be significantly affected and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company made a loss in the year ended 30 April 2024 of £26,244 (2023 - loss of £15,955) and has net current liabilities of £83,513 (2023 - £64,014). Net liabilities arise due to intercompany loan relationships and at the year ended 30 April 2024 this amounted to £268,790 (2023 - £305,778). Taking this into consideration the directors have reviewed the supply chains, key customers and the capital resources available and alongside continued support of the parent company, AlertSystems Group Limited, consider that the company has adequate resources in place to continue trading for the next twelve months.

 

Alert Data Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 January 2025 was Ian Lloyd, who signed for and on behalf of ML Audit LLP.

Key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The company recognises deferred income on the basis of income billed in advance for future periods. The estimation and judgement that directors make in recognising deferred income are based on contracted amounts and any other factors that are considered to be relevant..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises the revenue for application hosting contracts over the term of the contract. Expenditure, including the set up costs are also expended to the profit and loss account over the contract term.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- and specific criteria have been met for each of the company's activities.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

Tax

The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the profit or loss except that a charge attributable to an item of income or expense recognised as other comprehensive income is recognised in other comprehensive income.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax is provided at appropriate rates on all timing differences only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability of asset will crystallise in the foreseeable future. Deferred tax is recovered using tax rates expected to apply at the reversal of the timing difference.

 

Alert Data Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Deferred and current taxation assets or liabilities are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

20% straight line

Furniture, fittings and equipment

25-33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Alert Data Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 5 (2023 - 5).

4

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
£

Total
£

Cost or valuation

At 1 May 2023

6,689

120,173

126,862

Additions

3,363

34,181

37,544

At 30 April 2024

10,052

154,354

164,406

Depreciation

At 1 May 2023

2,467

80,447

82,914

Charge for the year

1,303

35,398

36,701

At 30 April 2024

3,770

115,845

119,615

Carrying amount

At 30 April 2024

6,282

38,509

44,791

At 30 April 2023

4,222

39,726

43,948

5

Stocks

2024
£

2023
£

Other inventories

6,212

-

 

Alert Data Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

130,110

34,329

Amounts owed by related parties

9

137,066

197,070

Other debtors

 

50

50

Prepayments

 

27,750

27,196

Accrued income

 

128

17

 

295,104

258,662

7

Creditors

Due within one year

Note

2024
£

2023
£

Trade creditors

 

18,321

15,029

Amounts owed to related parties

9

268,790

305,788

Accruals and deferred income

 

120,761

36,027

 

407,872

356,844

The company's bankers have a fixed and floating charge over all property, assets and rights of the company owned now or in the future.

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A shares of £0.01 each

75,000

750

75,000

750

Ordinary B shares of £0.01 each

23,000

230

23,000

230

 

98,000

980

98,000

980

Ordinary A shares and Ordinary B shares rank pari passu and there are no restriction on the distribution of dividends and the repayment of capital.

 

Alert Data Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

9

Related party transactions

Summary of transactions with other related parties

Other related parties include companies under common control.
 

Income and receivables from related parties

2024

Parent
£

Other related parties
£

Provision of services

-

6,755

Amounts owed by related parties

750

136,316

2023

Parent
£

Other related parties
£

Provision of services

-

816

Amounts owed by related parties

750

196,320

Amounts owed by related parties are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Expenditure with and payables to related parties

2024

Other related parties
£

Rendering of services

97,843

Amounts owed to related parties

268,790

2023

Other related parties
£

Rendering of services

158,450

Amounts owed to related parties

305,788

Amounts owed to related parties were charged interest at 5% per annum to 31 July 2021, with no interest being charged from this date onwards. The amounts owed have no fixed date of repayments and are repayable on demand.

10

Parent and ultimate parent undertaking

The immediate and ultimate parent is AlertSystems Group Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available consolidated financial statements is AlertSystems Group Limited. These financial statements are available upon request from Alert House, One Willowside Park, Canal Road, Trowbridge, Wiltshire, BA14 8RH.