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REGISTERED NUMBER: 03764103 (England and Wales)















DYFED ALARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DYFED ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W J Rees
R E Jones





SECRETARY: R E Jones





REGISTERED OFFICE: Old St. Clears Road
Johnstown
Carmarthen
Carmarthenshire
SA31 3HL





REGISTERED NUMBER: 03764103 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 155,707 163,882
Investment property 6 120,000 140,000
275,707 303,882

CURRENT ASSETS
Stocks 25,000 24,128
Debtors 7 257,279 272,840
Cash at bank and in hand 25,558 25,493
307,837 322,461
CREDITORS
Amounts falling due within one year 8 456,305 447,024
NET CURRENT LIABILITIES (148,468 ) (124,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,239

179,319

CREDITORS
Amounts falling due after more than one
year

9

(27,091

)

(45,259

)

PROVISIONS FOR LIABILITIES (1,456 ) (1,953 )
NET ASSETS 98,692 132,107

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 98,689 132,104
98,692 132,107

DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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

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

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.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




R E Jones - Director



W J Rees - Director


DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

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

1. STATUTORY INFORMATION

Dyfed 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.

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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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 - 2% straight line
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 181,979
AMORTISATION
At 1 July 2023
and 30 June 2024 181,979
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property Machinery fittings
£    £    £   
COST
At 1 July 2023 160,000 32,732 27,096
Disposals - (1,101 ) -
At 30 June 2024 160,000 31,631 27,096
DEPRECIATION
At 1 July 2023 6,400 27,238 26,477
Charge for year 3,200 800 94
Eliminated on disposal - (944 ) -
At 30 June 2024 9,600 27,094 26,571
NET BOOK VALUE
At 30 June 2024 150,400 4,537 525
At 30 June 2023 153,600 5,494 619

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 154,544 5,332 379,704
Disposals (154,544 ) (800 ) (156,445 )
At 30 June 2024 - 4,532 223,259
DEPRECIATION
At 1 July 2023 151,579 4,128 215,822
Charge for year - 959 5,053
Eliminated on disposal (151,579 ) (800 ) (153,323 )
At 30 June 2024 - 4,287 67,552
NET BOOK VALUE
At 30 June 2024 - 245 155,707
At 30 June 2023 2,965 1,204 163,882

DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 140,000
Revaluations (20,000 )
At 30 June 2024 120,000
NET BOOK VALUE
At 30 June 2024 120,000
At 30 June 2023 140,000

The property at The Nook has been valued at fair value, reflecting comparable valuations in the local area. The valuations were carried out in 2023.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 140,000
Valuation in 2024 (20,000 )
120,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 156,790 175,298
Amounts owed by associates 92,500 92,500
Other debtors 7,989 5,042
257,279 272,840

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 95,732 8,880
Trade creditors 126,209 170,940
Taxation and social security 116,309 136,395
Other creditors 118,055 130,809
456,305 447,024

There are charges held by Lloyds Bank PLC dated 26 August 2015 and 24 November 2014. An asset debenture is held by Lloyds TSB Commercial Finance Ltd dated 1 October 2010.

DYFED ALARMS LIMITED (REGISTERED NUMBER: 03764103)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,091 21,259
Other creditors 16,000 24,000
27,091 45,259

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
R E Jones
Balance outstanding at start of year - -
Amounts advanced 2,689 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,689 -

11. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £58,259 (2023 £57,344).