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REGISTERED NUMBER: 04609091 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024

FOR

BAR ALARM SECURITY SYSTEMS LTD

BAR ALARM SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04609091)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 April 2023 to 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAR ALARM SECURITY SYSTEMS LTD

COMPANY INFORMATION
for the period 1 April 2023 to 30 April 2024







DIRECTOR: Y Jing





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





REGISTERED NUMBER: 04609091 (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

BAR ALARM SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04609091)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,693 41,698

CURRENT ASSETS
Stocks 1,500 5,000
Debtors 5 100,917 251,680
Cash at bank 3,434 56,425
105,851 313,105
CREDITORS
Amounts falling due within one year 6 (190,610 ) (226,319 )
NET CURRENT (LIABILITIES)/ASSETS (84,759 ) 86,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,066

)

128,484

CREDITORS
Amounts falling due after more than one
year

7

(38,221

)

(95,223

)

PROVISIONS FOR LIABILITIES - (5,742 )
NET (LIABILITIES)/ASSETS (121,287 ) 27,519

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (121,288 ) 27,518
(121,287 ) 27,519

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

The members have not required the company to obtain an audit of its financial statements for the period 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


BAR ALARM SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04609091)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 April 2023 to 30 April 2024


1. STATUTORY INFORMATION

Bar Alarm Security Systems Ltd 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 04609091.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


BAR ALARM SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04609091)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 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 period was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 3,268 2,821 68,575 4,121 78,785
Additions - - 27,875 - 27,875
Disposals (1,020 ) (2,821 ) (96,450 ) (3,393 ) (103,684 )
At 30 April 2024 2,248 - - 728 2,976
DEPRECIATION
At 1 April 2023 881 2,250 32,068 1,888 37,087
Charge for period 47 - 5,633 44 5,724
Eliminated on disposal (280 ) (2,250 ) (37,701 ) (1,297 ) (41,528 )
At 30 April 2024 648 - - 635 1,283
NET BOOK VALUE
At 30 April 2024 1,600 - - 93 1,693
At 31 March 2023 2,387 571 36,507 2,233 41,698

BAR ALARM SECURITY SYSTEMS LTD (REGISTERED NUMBER: 04609091)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,546 23,000
Amounts owed by group undertakings 66,820 122,090
Other debtors 354 22,980
Directors' current accounts - 80,810
Prepayments and accrued income 197 2,800
100,917 251,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,358 11,753
Hire purchase contracts - 9,114
Trade creditors 17,107 23,542
Amounts owed to group undertakings - 100,852
Tax - 5,528
VAT 35,833 21,041
Other creditors 5,575 1,683
Accruals and deferred income 126,737 52,806
190,610 226,319

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 38,221 79,026
Hire purchase contracts - 16,197
38,221 95,223