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REGISTERED NUMBER: 01592643 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

STATUS ALARMS LIMITED

STATUS ALARMS LIMITED (REGISTERED NUMBER: 01592643)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


STATUS ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr Leonard George Maxwell
Mr Thomas Samuel William Maxwell



REGISTERED OFFICE: Venture House 1-2 Holbrook Lane
Holbrooks
Coventry
West Midlands
CV6 4AF



REGISTERED NUMBER: 01592643 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: Lloyds TSB Bank Plc
17-23 Coventry Road
Nuneaton
West Midlands
CV11 5TD

STATUS ALARMS LIMITED (REGISTERED NUMBER: 01592643)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,043,827 252,689

CURRENT ASSETS
Stocks 25,464 18,941
Debtors 123,303 173,170
Cash at bank 33,394 43,469
182,161 235,580
CREDITORS
Amounts falling due within one year 1,019,765 949,747
NET CURRENT LIABILITIES (837,604 ) (714,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,223

(461,478

)

PROVISIONS FOR LIABILITIES - 591
NET ASSETS/(LIABILITIES) 1,206,223 (462,069 )

CAPITAL AND RESERVES
Called up share capital 4 280,000 280,000
Revaluation reserve 1,795,815 -
Retained earnings (869,592 ) (742,069 )
SHAREHOLDERS' FUNDS 1,206,223 (462,069 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

STATUS ALARMS LIMITED (REGISTERED NUMBER: 01592643)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10th February 2025 and were signed on its behalf by:





Mr Leonard George Maxwell - Director


STATUS ALARMS LIMITED (REGISTERED NUMBER: 01592643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. 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 as modified by the revaluation of certain assets.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant & fixtures - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

STATUS ALARMS LIMITED (REGISTERED NUMBER: 01592643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st July 2023 458,880
Additions 2,491
Revaluations 1,795,815
At 30th June 2024 2,257,186
DEPRECIATION
At 1st July 2023 206,191
Charge for year 7,168
At 30th June 2024 213,359
NET BOOK VALUE
At 30th June 2024 2,043,827
At 30th June 2023 252,689

Cost or valuation at 30th June 2024 is represented by:

Totals
£   
Valuation in 2024 1,795,815
Cost 461,371
2,257,186

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
280,000 Ordinary £1 280,000 280,000