REGISTERED NUMBER: 03047759 (England and Wales)

A1 SECURITY HOME

COUNTIES (UK) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Abu Halimeh

REGISTERED OFFICE:

Petra House

9 Cardiff Road

Luton

Beds

LU1 1PP

REGISTERED NUMBER:

03047759 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

222,020

223,262

CURRENT ASSETS

Stocks

1,007

-

Debtors

5

440,275

476,040

Cash at bank and in hand

55,607

38,032

496,889

514,072

CREDITORS

Amounts falling due within one year

6

359,552

376,918

NET CURRENT ASSETS

137,337

137,154

TOTAL ASSETS LESS CURRENT LIABILITIES

359,357

360,416

CREDITORS

Amounts falling due after more than one year

7

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

9

(4,881

)

(11,075

)

NET ASSETS

344,476

329,341

CAPITAL AND RESERVES

Called up share capital

10

3,000

3,000

Fair value reserve

11

162,121

162,121

Retained earnings

11

179,355

164,220

SHAREHOLDERS' FUNDS

344,476

329,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 May 2025 and were signed by:

M S Abu Halimeh - Director

1.	STATUTORY INFORMATION

A1 Security Home Counties (UK) Ltd 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.

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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 2% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2023

210,000

181,846

391,846

Additions

-

36,630

36,630

Disposals

-

(59,211

)

(59,211

)

At 31 May 2024

210,000

159,265

369,265

DEPRECIATION

At 1 June 2023

45,032

123,552

168,584

Charge for year

5,629

20,673

26,302

Eliminated on disposal

-

(47,641

)

(47,641

)

At 31 May 2024

50,661

96,584

147,245

NET BOOK VALUE

At 31 May 2024

159,339

62,681

222,020

At 31 May 2023

164,968

58,294

223,262

Included in cost of land and buildings is freehold land of £ 20,363 (2023 - £ 20,363 ) which is not depreciated.

The property 9 Cardiff Road, Luton was valued on the 14th of February 2017 by M Jean Howe, BSC FRICS, DIP ARB at £ 210,000.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Trade debtors

448,379

520,059

Provision for doubtful debt

(56,910

)

(57,460

)

Other debtors

8,014

13,441

Directors' current accounts

40,792

-

440,275

476,040

Included in debtors is an amount of £40,792 (2023 £Nil) in respect of an overdrawn director account.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

228,116

199,610

Corporation tax

37,089

39,753

Social security and other taxes

2,732

1,434

VAT

45,042

40,550

Other creditors

3,003

3,003

Directors' current accounts

-

52,518

Accrued expenses

33,570

30,050

359,552

376,918

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans - 2-5 years

10,000

20,000

8.	SECURED DEBTS

HSBC has first legal charge over the freehold property, together with a debenture comprising fixed and floating charges over all the assets of the company.

9.	PROVISIONS FOR LIABILITIES

31.5.24

31.5.23

£

£

Deferred tax

4,881

11,075

Deferred

tax

£

Balance at 1 June 2023

11,075

Credit to Income Statement during year

(6,194

)

Accelerated capital allowances

Balance at 31 May 2024

4,881

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.24

31.5.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1,000

Ordinary B

£1

1,000

1,000

1,000

Ordinary C

£1

1,000

1,000

3,000

3,000

Dividends:

All classes of shares are only entitled to such dividends as may be specifically declared by the Board of Directors on each class of share.

Voting Rights:

Only Ordinary shares have full voting rights. B and C shares have rights to vote only on resolutions directly affecting the rights of their shares.

Only Ordinary shares have full rights to participate in a capital distribution on winding up. B and C shares are entitled to repayment of capital pari passu.

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2023

164,220

162,121

326,341

Profit for the year

85,135

85,135

Dividends

(70,000

)

(70,000

)

At 31 May 2024

179,355

162,121

341,476

12.	RELATED PARTY DISCLOSURES