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REGISTERED NUMBER: 12422558 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Norfolk Alarms Limited

Norfolk Alarms Limited (Registered number: 12422558)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


Norfolk Alarms Limited (Registered number: 12422558)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £ £
Fixed assets
Intangible assets 5 - 4,000
Tangible assets 6 21,270 9,963
21,270 13,963

Current assets
Stocks 2,000 2,000
Debtors 7 12,604 6,822
Cash at bank 12,811 15,661
27,415 24,483
Creditors
Amounts falling due within one year 8 (31,556 ) (24,891 )
Net current liabilities (4,141 ) (408 )
Total assets less current liabilities 17,129 13,555

Creditors
Amounts falling due after more than one
year

9

(4,086

)

(8,571

)

Provisions for liabilities (3,725 ) (1,472 )
Net assets 9,318 3,512

Capital and reserves
Called up share capital 120 120
Retained earnings 9,198 3,392
9,318 3,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Norfolk Alarms Limited (Registered number: 12422558)

Balance Sheet - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr M P Arnold - Director


Norfolk Alarms Limited (Registered number: 12422558)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. Statutory information

Norfolk Alarms Limited 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: 12422558

Registered office: 10 Oak Street
Fakenham
Norfolk
NR21 9DY

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance

Norfolk Alarms Limited (Registered number: 12422558)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. 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. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 Statement of Income and Retained Earnings, 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.


Norfolk Alarms Limited (Registered number: 12422558)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued
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.

4. Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024
and 31 January 2025 20,000
Amortisation
At 1 February 2024 16,000
Amortisation for year 4,000
At 31 January 2025 20,000
Net book value
At 31 January 2025 -
At 31 January 2024 4,000

Norfolk Alarms Limited (Registered number: 12422558)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 February 2024 2,243 17,255 19,498
Additions 2,126 15,000 17,126
At 31 January 2025 4,369 32,255 36,624
Depreciation
At 1 February 2024 901 8,634 9,535
Charge for year 538 5,281 5,819
At 31 January 2025 1,439 13,915 15,354
Net book value
At 31 January 2025 2,930 18,340 21,270
At 31 January 2024 1,342 8,621 9,963

7. Debtors: amounts falling due within one year
31.1.25 31.1.24
£ £
Trade debtors 10,506 4,686
Other debtors 2,098 2,136
12,604 6,822

8. Creditors: amounts falling due within one year
31.1.25 31.1.24
£ £
Bank loans and overdrafts 2,748 2,748
Hire purchase contracts 1,867 1,867
Trade creditors 6,938 5,581
Taxation and social security 11,212 12,035
Other creditors 8,791 2,660
31,556 24,891

9. Creditors: amounts falling due after more than one year
31.1.25 31.1.24
£ £
Bank loans 1,742 4,360
Hire purchase contracts 2,344 4,211
4,086 8,571