REGISTERED NUMBER: 02209789 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

A.A.I. Alarms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A E Gilmore

Mr K P Avey

REGISTERED OFFICE:

Security House

Stirling Industrial Estate

Stirling Way

Borehamwood

WD6 2BT

REGISTERED NUMBER:

02209789 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

267,712

182,547

Tangible assets

5

168,461

182,172

436,173

364,719

CURRENT ASSETS

Stocks

24,129

40,315

Debtors

6

209,684

216,235

Cash at bank

492,026

529,369

725,839

785,919

CREDITORS

Amounts falling due within one year

7

898,390

844,329

NET CURRENT LIABILITIES

(172,551

)

(58,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

263,622

306,309

PROVISIONS FOR LIABILITIES

2,785

11,488

NET ASSETS

260,837

294,821

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

260,737

294,721

SHAREHOLDERS' FUNDS

260,837

294,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 December 2018 and were signed on its behalf by:

Mr A E Gilmore - Director

1.	STATUTORY INFORMATION

A.A.I. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Intangible assets

Intangible assets, being the amount paid for the contracts in connection with the acquisition of businesses are

not being amortised as the current value is well in excess of book cost.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

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.

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 25 (2017 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Contracts

£

COST

At 1 April 2017

182,547

Additions

85,165

At 31 March 2018

267,712

NET BOOK VALUE

At 31 March 2018

267,712

At 31 March 2017

182,547

The addition in the year represents the costs of purchasing the commercial and domestic contracts from

Surelock Security Systems Limited.

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2017

30,310

341,407

371,717

Additions

-

57,444

57,444

Disposals

-

(55,942

)

(55,942

)

At 31 March 2018

30,310

342,909

373,219

DEPRECIATION

At 1 April 2017

25,327

164,218

189,545

Charge for year

498

54,660

55,158

Eliminated on disposal

-

(39,945

)

(39,945

)

At 31 March 2018

25,825

178,933

204,758

NET BOOK VALUE

At 31 March 2018

4,485

163,976

168,461

At 31 March 2017

4,983

177,189

182,172

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

202,043

208,615

Other debtors

7,641

7,620

209,684

216,235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

106,930

82,712

Taxation and social security

142,195

159,079

Other creditors

649,265

602,538

898,390

844,329

Other creditors includes £637,348 of deferred revenue (2017: £591,978).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the company's expenses is an amount of £19,800 paid to the Director's, Mr. A.E. Gilmore and

Mr. K.P. Avey, as rent for the Company's premises - Security House, Stirling Industrial Estate.

The Director's have an equal interest in the premises.

9.	RELATED PARTY DISCLOSURES

The directors Mr A E Gilmore and Mr K P Avey are considered to be the key management personnel.

Mr A E Gilmore and Mr K P Avey earned a salary of £49,367 (2017: £14,100) and £8,100 (2017: £8,100)

respectively during the year for their services to the company.