REGISTERED NUMBER: 07184577 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Secured Alarm Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C Giffard

R S Little

Mrs P A Giffard

SECRETARY:

Mrs P A Giffard

REGISTERED OFFICE:

Lakeside Building Unit 21

Penrice Court

Enterprise Park

Swansea

SA6 8QW

REGISTERED NUMBER:

07184577 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

139,862

127,394

CURRENT ASSETS

Stocks

26,500

26,100

Debtors

5

620,950

411,070

Cash at bank and in hand

333,381

139,432

980,831

576,602

CREDITORS

Amounts falling due within one year

6

678,876

311,279

NET CURRENT ASSETS

301,955

265,323

TOTAL ASSETS LESS CURRENT LIABILITIES

441,817

392,717

CREDITORS

Amounts falling due after more than one year

7

(29,219

)

(44,002

)

PROVISIONS FOR LIABILITIES

9

(35,000

)

(24,200

)

NET ASSETS

377,598

324,515

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

377,498

324,415

SHAREHOLDERS' FUNDS

377,598

324,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 9 December 2025 and were signed on its behalf by:

M C Giffard - Director

1.	STATUTORY INFORMATION

Secured Alarm Systems 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

11,293

11,892

195,678

38,569

257,432

Additions

150

511

44,955

1,339

46,955

Disposals

-

-

(17,175

)

-

(17,175

)

At 31 March 2025

11,443

12,403

223,458

39,908

287,212

DEPRECIATION

At 1 April 2024

8,778

10,395

82,803

28,062

130,038

Charge for year

666

502

28,949

2,962

33,079

Eliminated on disposal

-

-

(15,767

)

-

(15,767

)

At 31 March 2025

9,444

10,897

95,985

31,024

147,350

NET BOOK VALUE

At 31 March 2025

1,999

1,506

127,473

8,884

139,862

At 31 March 2024

2,515

1,497

112,875

10,507

127,394

The net book value of tangible fixed assets held under hire purchase at 31 March 2025 was £65,640 (2024 : £79,060). The depreciation provided on these assets in the year was £15,530 (2024 : £12,930).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

602,002

391,525

Other debtors

18,948

19,545

620,950

411,070

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

22,635

29,894

Trade creditors

337,061

189,334

Taxation and social security

113,989

34,024

Other creditors

195,191

48,027

678,876

311,279

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,277

13,662

Hire purchase contracts

25,942

30,340

29,219

44,002

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

48,577

60,234

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

35,000

24,200

Deferred

tax

£

Balance at 1 April 2024

24,200

Charge to Income Statement during year

10,800

Balance at 31 March 2025

35,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M C Giffard

Balance outstanding at start of year

(18,780

)

(16,700

)

Amounts advanced

920

(2,080

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(17,860

)

(18,780

)

R S Little

Balance outstanding at start of year

2,557

2,557

Amounts advanced

(3,000

)

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(443

)

2,557

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £96,000 (2024 - £96,000) were paid to the directors .

The directors in their capacity as trustees of the Odyssey SIPP received rent in the sum of £14,750 as landlords of the trading premises. There is a formal lease in existence.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M C Giffard.