REGISTERED NUMBER: SC333480 (Scotland)

Report of the Directors and

Financial Statements for the Year Ended 30 November 2017

for

Aberdeen Alarm Company Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

P Lever

G Brooks

SECRETARY:

G Brooks

REGISTERED OFFICE:

Craigshaw Road

West Tullos Industrial Estate

Aberdeen

Aberdeenshire

AB12 3AS

REGISTERED NUMBER:

SC333480 (Scotland)

ACCOUNTANTS:

Graeme Munro & Company Ltd

Unit 19

50 Cotton Street

ABERDEEN

AB11 5EE

The directors present their report with the financial statements of the company for the year ended 30 November 2017.

PRINCIPAL ACTIVITY

Security Services.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2016 to the

date of this report.

P Lever

G Brooks

Other changes in directors holding office are as follows:

D Glennie - resigned 30 November 2017

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

P Lever - Director

16 March 2018

TURNOVER

2,813,231

2,826,414

Cost of sales

1,008,704

988,678

GROSS PROFIT

1,804,527

1,837,736

Administrative expenses

1,730,239

1,708,430

OPERATING PROFIT

4

74,288

129,306

Interest receivable and similar income

1

24

74,289

129,330

Interest payable and similar expenses

7,830

7,025

PROFIT BEFORE TAXATION

66,459

122,305

Tax on profit

11,756

19,429

PROFIT FOR THE FINANCIAL YEAR

54,703

102,876

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

231,745

216,221

231,745

216,221

CURRENT ASSETS

Stocks

132,381

122,024

Debtors

8

614,504

631,546

Cash at bank and in hand

15,467

176,846

762,352

930,416

CREDITORS

Amounts falling due within one year

9

739,483

812,050

NET CURRENT ASSETS

22,869

118,366

TOTAL ASSETS LESS CURRENT LIABILITIES

254,614

334,587

CREDITORS

Amounts falling due after more than one year

10

(59,000

)

(59,076

)

PROVISIONS FOR LIABILITIES

(6,407

)

(6,407

)

NET ASSETS

189,207

269,104

CAPITAL AND RESERVES

Called up share capital

800

1,200

Other reserves

(49,600

)

-

Retained earnings

238,007

267,904

SHAREHOLDERS' FUNDS

189,207

269,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 March 2018 and were signed on its behalf by:

P Lever - Director

1.	STATUTORY INFORMATION

Aberdeen Alarm Company Limited is a private company, limited by shares , registered in Scotland.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 monthly number of employees during the year was 53 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.11.17

30.11.16

£

£

Depreciation - owned assets

23,563

16,639

5.

DIVIDENDS

30.11.17

30.11.16

£

£

Ordinary shares of £1 each

Interim

84,600

105,000

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

3,700

AMORTISATION

At 1 December 2016

and 30 November 2017

3,700

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

-

7.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

334,131

Additions

87,993

Disposals

(16,559

)

At 30 November 2017

405,565

DEPRECIATION

At 1 December 2016

117,910

Charge for year

64,816

Eliminated on disposal

(8,906

)

At 30 November 2017

173,820

NET BOOK VALUE

At 30 November 2017

231,745

At 30 November 2016

216,221

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2016

236,879

Additions

84,928

Disposals

(16,559

)

Transfer to ownership

(59,731

)

At 30 November 2017

245,517

DEPRECIATION

At 1 December 2016

81,914

Charge for year

41,253

Eliminated on disposal

(8,906

)

Transfer to ownership

(17,928

)

At 30 November 2017

96,333

NET BOOK VALUE

At 30 November 2017

149,184

At 30 November 2016

154,965

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

561,795

509,068

Other debtors

52,709

122,478

614,504

631,546

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans and overdrafts

42,435

-

Hire purchase contracts

61,516

53,927

Trade creditors

216,155

354,168

Taxation and social security

125,414

138,399

Other creditors

293,963

265,556

739,483

812,050

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Hire purchase contracts

59,000

59,076