REGISTERED NUMBER: 02951000 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BEE TEE ALARMS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P J Collins

M Collins

D J Quinn

C Hayward

SECRETARY:

A E Banner

REGISTERED OFFICE:

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

REGISTERED NUMBER:

02951000 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

28,192

11,707

28,192

11,707

CURRENT ASSETS

Stocks

11,676

10,697

Debtors

6

873,151

811,966

Cash at bank and in hand

17,387

77,152

902,214

899,815

CREDITORS

Amounts falling due within one year

7

514,237

518,824

NET CURRENT ASSETS

387,977

380,991

TOTAL ASSETS LESS CURRENT LIABILITIES

416,169

392,698

CREDITORS

Amounts falling due after more than one year

8

(8,333

)

(18,333

)

PROVISIONS FOR LIABILITIES

(3,989

)

(395

)

NET ASSETS

403,847

373,970

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

363,847

333,970

SHAREHOLDERS' FUNDS

403,847

373,970

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 30 January 2025 and were signed on its behalf by:

P J Collins - Director

1.	STATUTORY INFORMATION

Bee Tee 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.

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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

Turnover comprises installation, maintenance and monitoring fees, excluding value added tax.

Installation fees are rendered on completion of work and are recognised on the basis of invoices raised.

Maintenance fees are recognised on the basis of invoices raised subject to provision for maintenance visits outstanding at the balance sheet date.

Monitoring fees are recognised on the basis of invoices raised which basis accords with the accounting treatment of monitoring expenditure incurred.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Fixtures, fittings & equipment - 15% - 33.3% on cost

Motor vehicles - 33% on cost

Assets used in Advertising - 10% on cost

Fixed assets, excluding assets used in advertising, are stated at cost less accumulated depreciation and accumulated impairment losses.

Where parts of an item of property, plant and equipment have different useful lives, they are accounted

for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The

selection of these residual values and estimated lives requires the exercise of judgement. The

directors are required to assess whether there is an indication of impairment to the carrying value of

assets. In making that assessment, judgements are made in estimating value in use. The directors

consider that the individual carrying values of assets are supportable by their value in use.

Assets used in advertising have been revalued to fair value and will be depreciated over useful life. Difference in depreciated cost and fair value is accounted for in fair value reserve.

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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 payable under operating leases are charged against income on a straight line basis over the lease term.

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 31 (2023 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2023

and 31 August 2024

86,623

AMORTISATION

At 1 September 2023

and 31 August 2024

86,623

NET BOOK VALUE

At 31 August 2024

-

At 31 August 2023

-

5.	TANGIBLE FIXED ASSETS

Historic

Fixtures,

assets

fittings

Motor

used in

& equipment

vehicles

advertising

Totals

£

£

£

£

COST

At 1 September 2023

33,803

19,846

9,500

63,149

Additions

380

17,995

-

18,375

At 31 August 2024

34,183

37,841

9,500

81,524

DEPRECIATION

At 1 September 2023

30,408

19,846

1,188

51,442

Charge for year

940

-

950

1,890

At 31 August 2024

31,348

19,846

2,138

53,332

NET BOOK VALUE

At 31 August 2024

2,835

17,995

7,362

28,192

At 31 August 2023

3,395

-

8,312

11,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

246,509

206,668

Amounts recoverable on contract

-

2,709

Other debtors

20,088

19,589

Directors' current accounts

431,713

417,828

Tax

132,037

127,470

Prepayments and accrued income

42,804

37,702

873,151

811,966

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

10,588

10,588

Trade creditors

197,348

189,356

Tax

15,257

42,377

Social security and other taxes

31,246

30,378

VAT

68,557

82,798

Other creditors

24,698

30,743

Accruals and deferred income

166,543

132,584

514,237

518,824

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans

8,333

18,333

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

86,683

82,112

Between one and five years

92,895

50,637

179,578

132,749

10.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024

2023

£

£

P J Collins

Balance outstanding at start of year

417,828

391,035

Amounts advanced

21,225

26,793

Amounts repaid

(7,340

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

431,713

417,828

Loan interest was charged at a rate 2.25% per annum. The loan was overdrawn to a maximum of £431,713 within the year.