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REGISTERED NUMBER: 06302560 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MINSTER ALARMS LTD

MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 485,301 481,359
485,301 481,359

CURRENT ASSETS
Stocks 15,000 20,000
Debtors 6 66,154 97,378
Cash at bank and in hand 147,189 118,458
228,343 235,836
CREDITORS
Amounts falling due within one year 7 332,593 360,550
NET CURRENT LIABILITIES (104,250 ) (124,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 381,051 356,645

CREDITORS
Amounts falling due after more than
one year

8

(91,513

)

(129,277

)

PROVISIONS FOR LIABILITIES (23,481 ) (22,495 )
NET ASSETS 266,057 204,873

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 256,057 194,873
SHAREHOLDERS' FUNDS 266,057 204,873

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 director acknowledges her 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.

MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

BALANCE SHEET - continued
31 AUGUST 2024


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 1 May 2025 and were signed by:





S Downes - Director


MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Minster Alarms Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06302560

Registered office: Suncliffe House
New Lane
Huntington
York
North Yorkshire
YO32 9NQ

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration in respect of income from alarm installation and maintenance. Turnover excludes value added tax and other sales taxes.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

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 - nil
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 33% on cost, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

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.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and any interest is charged to the profit and loss account on a straight-line basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 1,850,000
AMORTISATION
At 1 September 2023
and 31 August 2024 1,850,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 391,378 151,011 44,061 586,450
Additions - 23,250 5,054 28,304
Disposals - - (3,848 ) (3,848 )
At 31 August 2024 391,378 174,261 45,267 610,906
DEPRECIATION
At 1 September 2023 - 72,683 32,408 105,091
Charge for year - 19,358 4,015 23,373
Eliminated on disposal - - (2,859 ) (2,859 )
At 31 August 2024 - 92,041 33,564 125,605
NET BOOK VALUE
At 31 August 2024 391,378 82,220 11,703 485,301
At 31 August 2023 391,378 78,328 11,653 481,359

Included within the net book value of £485,301 is £63,594 (2023 - £56,375) relating to assets held under hire purchase agreements. Depreciation charged totals £37,101 (2023 - £21,070).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,534 86,954
Other debtors 10,620 10,424
66,154 97,378

MINSTER ALARMS LTD (REGISTERED NUMBER: 06302560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,727 42,727
Hire purchase contracts 17,354 13,466
Payments on account 148,395 152,778
Trade creditors 28,812 50,408
Taxation and social security 90,900 66,027
Other creditors 4,405 35,144
332,593 360,550

Bank loans of £42,727 (2023 - £42,727) are secured by a fixed and floating charge over the assets of the company. The loans in respect of hire purchase agreements are secured against the assets to which it relates.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,065 74,805
Hire purchase contracts 59,448 54,472
91,513 129,277

Bank loans of £32,065 (2023 - £74,805) are secured by a fixed and floating charge over the assets of the company. The loans in respect of hire purchase agreements are secured against the assets to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 1 10,000 10,000