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REGISTERED NUMBER: SC333480 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ABERDEEN ALARM COMPANY LIMITED

ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABERDEEN ALARM COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: P Lever
G Brooks





SECRETARY: G Brooks





REGISTERED OFFICE: Craigshaw Road
West Tullos Industrial Estate
Aberdeen
AB12 3AS





REGISTERED NUMBER: SC333480 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 758,256 410,235
758,256 410,235

CURRENT ASSETS
Stocks 6 368,735 194,650
Debtors 7 752,330 824,674
Cash at bank and in hand 1,363,279 1,481,377
2,484,344 2,500,701
CREDITORS
Amounts falling due within one year 8 1,034,941 1,129,472
NET CURRENT ASSETS 1,449,403 1,371,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,207,659

1,781,464

PROVISIONS FOR LIABILITIES 10 168,952 92,299
NET ASSETS 2,038,707 1,689,165

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 2,037,907 1,688,365
SHAREHOLDERS' FUNDS 2,038,707 1,689,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 18 March 2025 and were signed on its behalf by:





P Lever - Director


ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Aberdeen Alarm Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 2013, is being amortised evenly over its estimated useful life of one 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance
Furniture & fixtures - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on reducing balance

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.

Financial instruments
Basic Financial Assets
Basic financial assets which include trade and other debtors, cash and bank balances are measured at transaction price including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic Financial Liabilities
Basic financial liabilities which include trade and other creditors and bank loans are recognised at transaction price including transaction cost.
Financial liabilities are derecognised when the company's contractual obligations are discharged.

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.


ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 55 (2023 - 56 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 3,700
AMORTISATION
At 1 December 2023
and 30 November 2024 3,700
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and Furniture Motor Computer
machinery & fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 29,007 12,754 646,315 52,058 740,134
Additions 9,284 238 532,591 20,414 562,527
Disposals (17,316 ) (11,657 ) (226,577 ) (37,670 ) (293,220 )
At 30 November 2024 20,975 1,335 952,329 34,802 1,009,441
DEPRECIATION
At 1 December 2023 23,753 12,169 253,920 40,057 329,899
Charge for year 2,392 166 146,207 3,582 152,347
Eliminated on disposal (16,248 ) (11,219 ) (168,981 ) (34,613 ) (231,061 )
At 30 November 2024 9,897 1,116 231,146 9,026 251,185
NET BOOK VALUE
At 30 November 2024 11,078 219 721,183 25,776 758,256
At 30 November 2023 5,254 585 392,395 12,001 410,235

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 61,134
Disposals (29,100 )
Transfer to ownership (32,034 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 35,872
Charge for year 6,315
Eliminated on disposal (20,081 )
Transfer to ownership (22,106 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 25,262

6. STOCKS
2024 2023
£    £   
Stocks 77,925 78,650
Work-in-progress 290,810 116,000
368,735 194,650

ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 670,032 719,374
Other debtors 20,463 14,837
Prepayments and accrued income 61,835 90,463
752,330 824,674

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 1,816
Trade creditors 273,874 333,191
Tax 96,964 136,125
Social security and other taxes 56,387 48,545
VAT 91,252 128,119
Other creditors 32,319 11,992
Directors' current accounts 1,189 633
Accruals and deferred income 482,956 469,051
1,034,941 1,129,472

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year - 1,871

Finance charges repayable:
Within one year - 55

Net obligations repayable:
Within one year - 1,816

Non-cancellable operating leases
2024 2023
£    £   
Within one year 30,789 30,788
Between one and five years 22,414 53,200
53,203 83,988

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 168,952 92,299

ABERDEEN ALARM COMPANY LIMITED (REGISTERED NUMBER: SC333480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 92,299
Movement 76,653
Balance at 30 November 2024 168,952

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
G Brooks
Balance outstanding at start of year (274 ) 3
Amounts advanced 22 35
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (564 ) (274 )

P Lever
Balance outstanding at start of year (359 ) -
Amounts advanced 111 -
Amounts repaid (376 ) (359 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) (359 )

The directors' loan accounts are interest free and have no set repayment terms.