ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 07993509

Alcohol Monitoring Systems Limited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

Alcohol Monitoring Systems Limited

Registered number: 07993509

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,304,409		419,478
Cash at bank and in hand	5	313,090		1,203,931
		1,617,499		1,623,409
Creditors: amounts falling due within one year	6	(1,324,950)		(851,568)
Net current assets			292,549		771,841
Net assets			292,549		771,841

Capital and reserves
Called up share capital	100	100
Profit and loss account	292,449	771,741
	292,549	771,841

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Sovcik

Director

Date: 5 September 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

Alcohol Monitoring Systems Limited

Notes to the Financial Statements

For the year ended 31 December 2024

1.	General information

Alcohol Monitoring Systems Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 3 Stockport Exchange, Stockport, SK1 3GG. The company's registered number is 07993509.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company has continued to trade profitably and has been cash generative during the period. The company had net current assets of £292,549 (2023 - £771,841) at the period end. This includes amounts owed to the company's parent undertaking, Alcohol Monitoring Systems, Inc. totalling £803,992 (2023 - £421,161). Therefore, the directors continue to prepare the financial statements on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

Alcohol Monitoring Systems Limited

Notes to the Financial Statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 3

Alcohol Monitoring Systems Limited

Notes to the Financial Statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in profit or loss except that a charge 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

Alcohol Monitoring Systems Limited

Notes to the Financial Statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 -3).

Page 5

Alcohol Monitoring Systems Limited

Notes to the Financial Statements

For the year ended 31 December 2024

Debtors

					2024	2023
					£	£


Trade debtors	1,300,128	296,271
Prepayments and accrued income	4,281	123,207
	1,304,409	419,478

5.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	313,090	1,203,931

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	56,793	18,826
Amounts owed to group undertakings	803,992	421,161
Corporation tax	10,638	101,904
Other taxation and social security	343,121	193,689
Accruals and deferred income	110,406	115,988
	1,324,950	851,568

Not later than 1 year	16,764	16,764
Later than 1 year and not later than 5 years	16,764	-
	33,528	16,764

Page 6

Alcohol Monitoring Systems Limited

Notes to the Financial Statements

For the year ended 31 December 2024

8.	Related party transactions
	The company owes its parent company £803,992 at 31 December 2024 (2023 - £421,161). This is after accounting for purchases and costs recharged to the company of £9,407,253 (2023 - £3,810,705).

9.	Controlling party

The parent of the smallest group for which consolidated financial statements are drawn up of which the company is a member is Alcohol Monitoring Systems Inc, 6251 Greenwood Plaza Blvd. Ste. 300 Greenwood Village, CO 80111, USA.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 8 September 2025 by Chris Stewardson (Senior statutory auditor) on behalf of Hurst Accountants Limited.

Page 7