ARC Alarms LLP OC375438 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is LLP Digita Accounts Production Advanced 6.30.9574.0 OC375438 2023-08-01 2024-07-31 OC375438 2024-07-31 OC375438 core:OtherReservesSubtotal 2024-07-31 OC375438 core:CurrentFinancialInstruments 2024-07-31 OC375438 core:Non-currentFinancialInstruments 2024-07-31 OC375438 bus:SmallEntities 2023-08-01 2024-07-31 OC375438 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 OC375438 bus:AbridgedAccounts 2023-08-01 2024-07-31 OC375438 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC375438 bus:RegisteredOffice 2023-08-01 2024-07-31 OC375438 bus:PartnerLLP2 2023-08-01 2024-07-31 OC375438 bus:PartnerLLP3 2023-08-01 2024-07-31 OC375438 bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC375438 core:PlantMachinery 2023-08-01 2024-07-31 OC375438 countries:AllCountries 2023-08-01 2024-07-31 OC375438 2023-07-31 OC375438 2022-08-01 2023-07-31 OC375438 2023-07-31 OC375438 core:OtherReservesSubtotal 2023-07-31 OC375438 core:CurrentFinancialInstruments 2023-07-31 OC375438 core:Non-currentFinancialInstruments 2023-07-31 iso4217:GBP xbrli:pure

Registration number: OC375438

ARC Alarms LLP

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2024

 

ARC Alarms LLP

Contents

Limited liability partnership information

1

Members' Report

2

Abridged Financial Statements

3 to 7

Abridged Balance Sheet

3

Notes to the Abridged Financial Statements

5

 

ARC Alarms LLP

Limited liability partnership information

Designated members

Mr Alex Haden

Mrs Rachel Haden
 

Registered office

Anglo House
Worcester Road
Stourport-On-Severn
DY13 9AW

Accountants

Perrigo Consultants Limited
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

ARC Alarms LLP

Members' Report for the Year Ended 31 July 2024

The members present their report and the unaudited abridged financial statements for the year ended 31 July 2024.

Designated members

The members who held office during the year were as follows:

Mr Alex Haden

Mrs Rachel Haden

Small companies provision statement

This report has 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, as applied to limited liability partnerships.

Approved by the Board on 7 February 2025 and signed on its behalf by:

.........................................
Mr Alex Haden
Designated member

 

ARC Alarms LLP

(Registration number: OC375438)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,616

4,293

Current assets

 

Stocks

14,029

15,057

Debtors

5

64,739

44,599

Cash and short-term deposits

 

122,412

122,635

 

201,180

182,291

Prepayments and accrued income

 

10,502

5,345

Creditors: Amounts falling due within one year

(43,283)

(54,096)

Net current assets

 

168,399

133,540

Total assets less current liabilities

 

182,015

137,833

Creditors: Amounts falling due after more than one year

(3,200)

(5,750)

Accruals and deferred income

 

(138,608)

(96,334)

Net assets attributable to members

 

40,207

35,749

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(6,686)

(10,454)

Members’ other interests

 

Other reserves

 

46,893

46,203

   

40,207

35,749

Total members' interests

 

Loans and other debts due to members

 

(6,686)

(10,454)

Equity

 

46,893

46,203

   

40,207

35,749

 

ARC Alarms LLP

(Registration number: OC375438)
Abridged Balance Sheet as at 31 July 2024

For the year ending 31 July 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

All of the limited liability partnership's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006, as applied to limited liability partnerships.

The financial statements of ARC Alarms LLP (registered number OC375438) were approved by the Board and authorised for issue on 7 February 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mr Alex Haden
Designated member

 

ARC Alarms LLP

Notes to the Abridged Financial Statements for the Year Ended 31 July 2024

1

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 all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These abridged 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 functional currency of ARC Alarms LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

ARC Alarms LLP

Notes to the Abridged Financial Statements for the Year Ended 31 July 2024

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machienry etc

20% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Profit for the year before members' remuneration and profit shares

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation

3,935

1,075

3

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 7 (2023 - 6).

 

ARC Alarms LLP

Notes to the Abridged Financial Statements for the Year Ended 31 July 2024

4

Tangible fixed assets

Total
£

Cost

At 1 August 2023

14,293

Additions

13,258

At 31 July 2024

27,551

Depreciation

At 1 August 2023

10,000

Charge for the year

3,935

At 31 July 2024

13,935

Net book value

At 31 July 2024

13,616

At 31 July 2023

4,293

5

Stocks

2024
£

2023
£

Stocks

14,029

15,057

6

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.