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REGISTERED NUMBER: 02993780 (England and Wales)















Financial Statements

for the Year Ended 31 May 2024

for

ALERT INNOVATION LIMITED

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALERT INNOVATION LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: F J Gee
J A Lamb
T J Gee
R Crossley





SECRETARY: J A Lamb





REGISTERED OFFICE: Keybury House
Worth Enterprise Park
Valley Road
Keighley
West Yorkshire
BD21 4LN





REGISTERED NUMBER: 02993780 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,562 109,524

CURRENT ASSETS
Stock 183,266 196,454
Debtors 5 203,706 266,154
Cash at bank 559,466 332,258
946,438 794,866
CREDITORS
Amounts falling due within one year 6 325,892 236,345
NET CURRENT ASSETS 620,546 558,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

701,108

668,045

CREDITORS
Amounts falling due after more than one
year

7

(8,360

)

(22,085

)

PROVISIONS FOR LIABILITIES (12,303 ) -
NET ASSETS 680,445 645,960

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 680,345 645,860
SHAREHOLDERS' FUNDS 680,445 645,960

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

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

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.

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Balance Sheet - continued
31 May 2024



The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





F J Gee - Director


ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Alert Innovation 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.

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 the invoiced amount of goods sold and services provided exclusive of value added tax. In the case of service contracts income is recognised in the profit and loss account on a time apportionment basis, the proportion of contract income unexpired at the balance sheet date being deferred to the following year in order to match more closely the work done.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets to their estimated residual values over their expected useful lives at the following annual rates:

Plant and equipment-25% of cost
Motor vehicles-25% reducing balance

Stock
Stock is valued at the lower of cost and net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
equipment
£   
COST
At 1 June 2023 190,101
Additions 1,192
Disposals (1,291 )
At 31 May 2024 190,002
DEPRECIATION
At 1 June 2023 80,577
Charge for year 29,186
Eliminated on disposal (323 )
At 31 May 2024 109,440
NET BOOK VALUE
At 31 May 2024 80,562
At 31 May 2023 109,524

Tangible fixed assets with a net book value of £40,433 (2023 - £53,911) were held under hire purchase and similar contracts. The depreciation charge for the year in respect of these assets was £13,478 (2023 - £6,269).

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 159,037 260,972
Prepayments and accrued income 44,669 4,191
203,706 265,163

Amounts falling due after more than one year:
Deferred tax asset - 991

Aggregate amounts 203,706 266,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 13,725 12,937
Trade creditors 41,216 105,018
Taxation and social security 60,316 17,041
Other creditors 210,635 101,349
325,892 236,345

ALERT INNOVATION LIMITED (REGISTERED NUMBER: 02993780)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 8,360 22,085

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,215 4,445
Between one and five years - 1,215
1,215 5,660

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

During the year the company was charged for services by a director amounting to £24,000 (2023 - £28,000).

11. BANK SECURITY

Bank borrowings are secured by a debenture over the company's assets. There were no such borrowings at 31 May 2024 (2023 - none).