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REGISTERED NUMBER: 01642578 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WILSON ALARM SYSTEMS LIMITED

WILSON ALARM SYSTEMS LIMITED (REGISTERED NUMBER: 01642578)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILSON ALARM SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: Y Jing





REGISTERED OFFICE: 1-3 Paigle Road
Leicester
LE2 8HP





REGISTERED NUMBER: 01642578 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

WILSON ALARM SYSTEMS LIMITED (REGISTERED NUMBER: 01642578)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 135,000 4,000
Tangible assets 5 92,886 30,126
Investments 6 123,150 -
351,036 34,126

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 7 212,214 184,151
Cash at bank 198,164 177,494
415,378 366,645
CREDITORS
Amounts falling due within one year 8 (735,000 ) (372,868 )
NET CURRENT LIABILITIES (319,622 ) (6,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,414

27,903

PROVISIONS FOR LIABILITIES (16,900 ) (5,135 )
NET ASSETS 14,514 22,768

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,414 22,668
14,514 22,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:




Y Jing - Director


WILSON ALARM SYSTEMS LIMITED (REGISTERED NUMBER: 01642578)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Wilson Alarm Systems Limited is a limited company, registered in England and Wales. Its registered office address is 1-3 Paigle Road, Leicester, LE2 8HP, and the registered number is 01642578.

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line and 15% straight line
Motor vehicles - Straight line over 6 years

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


WILSON ALARM SYSTEMS LIMITED (REGISTERED NUMBER: 01642578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 4,000
Additions 140,000
At 30 April 2024 144,000
AMORTISATION
Amortisation for year 9,000
At 30 April 2024 9,000
NET BOOK VALUE
At 30 April 2024 135,000
At 30 April 2023 4,000

WILSON ALARM SYSTEMS LIMITED (REGISTERED NUMBER: 01642578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 66,251 67,943 134,194
Additions 9,853 75,291 85,144
Disposals - (18,598 ) (18,598 )
At 30 April 2024 76,104 124,636 200,740
DEPRECIATION
At 1 May 2023 61,861 42,207 104,068
Charge for year 2,345 16,110 18,455
Eliminated on disposal - (14,669 ) (14,669 )
At 30 April 2024 64,206 43,648 107,854
NET BOOK VALUE
At 30 April 2024 11,898 80,988 92,886
At 30 April 2023 4,390 25,736 30,126

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 123,150
At 30 April 2024 123,150
NET BOOK VALUE
At 30 April 2024 123,150

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,768 102,136
Amounts owed by group undertakings - 70,465
Other debtors 23,446 11,550
212,214 184,151

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 10,916 8,494
Trade creditors 89,984 56,683
Amounts owed to group undertakings 236,471 -
Taxation and social security 46,010 44,869
Other creditors 351,619 262,822
735,000 372,868

WILSON ALARM SYSTEMS LIMITED (REGISTERED NUMBER: 01642578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,916 8,494

Non-cancellable operating leases
2024 2023
£    £   
Within one year 15,880 13,780
Between one and five years 21,297 35,077
37,177 48,857