REGISTERED NUMBER: 02194980 (England and Wales)

PREMIER ALARMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V Humphreys

L Humphreys

SECRETARY:

L Humphreys

REGISTERED OFFICE:

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

REGISTERED NUMBER:

02194980 (England and Wales)

AUDITORS:

Lakeview Southern Audit Limited

Chartered Accountants and

Statutory Auditors

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Intangible assets

4

-

6,235

Tangible assets

5

1,288,010

1,032,174

1,288,010

1,038,409

CURRENT ASSETS

Stocks

6

22,825

19,840

Debtors

7

307,789

287,161

Cash at bank and in hand

222,179

382,466

552,793

689,467

CREDITORS

Amounts falling due within one year

8

1,405,865

1,272,623

NET CURRENT LIABILITIES

(853,072

)

(583,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

434,938

455,253

CREDITORS

Amounts falling due after more than one year

9

(6,420

)

(16,049

)

PROVISIONS FOR LIABILITIES

(35,178

)

(48,579

)

NET ASSETS

393,340

390,625

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

383,340

380,625

SHAREHOLDERS' FUNDS

393,340

390,625

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 23 November 2025 and were signed on its behalf by:

V Humphreys - Director

1.	STATUTORY INFORMATION

Premier Alarms Limited 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 comprises the value of goods and services sold by the company in the year. Maintenance contracts are taken to turnover over the period of the agreement.

Goodwill

Goodwill, being the amount paid in connection with the amalgamation of Premier Access Control Ltd (formerly Locksecure Limited) into the company on 1 June 2005, is being amortised evenly over it's estimated useful life of 20 years. The life of the goodwill has been reviewed by the Directors who consider that as the division is run as a separate entity there is a reliable estimate to base this upon.

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.

Leasehold improvements

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Freehold property is only expected to increase in value therefore is measured at cost less any impairment.

Stocks

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

Financial instruments

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 classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and 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 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.

Cash and cash equivalents

The company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The company does not have any such investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

124,697

AMORTISATION

At 1 June 2024

118,462

Amortisation for year

6,235

At 31 May 2025

124,697

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

6,235

The goodwill arose on the amalgamation of the assets, trade and goodwill of Premier Access Control Ltd (formerly Locksecure Limited) into the company. This company is now dormant.

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Leasehold

to

property

improvements

property

£

£

£

COST

At 1 June 2024

599,679

242,869

-

Additions

324,164

-

-

Disposals

-

-

(242,869

)

At 31 May 2025

923,843

242,869

(242,869

)

DEPRECIATION

At 1 June 2024

-

242,869

-

Charge for year

-

-

-

Eliminated on disposal

-

-

(242,869

)

At 31 May 2025

-

242,869

(242,869

)

NET BOOK VALUE

At 31 May 2025

923,843

-

-

At 31 May 2024

599,679

-

-

Plant and

Fixtures

Motor

machinery

& fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

12,973

117,556

761,326

1,734,403

Additions

-

57,628

30,733

412,525

Disposals

(12,973

)

(113,741

)

(111,861

)

(481,444

)

At 31 May 2025

-

61,443

680,198

1,665,484

DEPRECIATION

At 1 June 2024

12,699

94,387

352,274

702,229

Charge for year

77

12,706

105,718

118,501

Eliminated on disposal

(12,776

)

(95,673

)

(91,938

)

(443,256

)

At 31 May 2025

-

11,420

366,054

377,474

NET BOOK VALUE

At 31 May 2025

-

50,023

314,144

1,288,010

At 31 May 2024

274

23,169

409,052

1,032,174

6.

STOCKS

31.5.25

31.5.24

£

£

Stocks

22,825

19,840

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

250,714

201,381

Other debtors

57,075

43,645

Prepayments

-

42,135

307,789

287,161

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts (see note 10)

9,629

9,630

Trade creditors

206,402

179,605

Corporation taxation

158,446

153,186

Social security and other taxes

125,755

125,732

Directors' loans

36,390

4,229

Accruals and deferred income

869,243

800,241

1,405,865

1,272,623

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts (see note 10)

6,420

16,049

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.25

31.5.24

£

£

Net obligations repayable:

Within one year

9,629

9,630

Between one and five years

6,420

16,049

16,049

25,679

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Hire purchase contracts

16,049

25,679

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Hull (Senior Statutory Auditor)

for and on behalf of Lakeview Southern Audit Limited

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.25

31.5.24

£

£

V Humphreys and L Humphreys

Balance outstanding at start of year

-

29,678

Amounts repaid

-

(29,678

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest is charged at 2.5% and the loan is repayable on demand.

14.	RELATED PARTY DISCLOSURES

15.	PRINCIPAL PLACE OF BUSINESS

The principal place of business is Security House, 9 London Road, Sevenoaks, Kent TN13 1AH.

16.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.