REGISTERED NUMBER: 03213266 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Absolute Alarms And Security Systems

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

G Phillips

SECRETARY:

Mrs P J Phillips

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

03213266 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Intangible assets

4

9,500

19,000

Tangible assets

5

17,359

22,517

26,859

41,517

CURRENT ASSETS

Stocks

15,000

13,000

Debtors

6

30,558

18,372

Cash at bank and in hand

55,563

21,661

101,121

53,033

CREDITORS

Amounts falling due within one year

7

95,788

81,879

NET CURRENT ASSETS/(LIABILITIES)

5,333

(28,846

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,192

12,671

PROVISIONS FOR LIABILITIES

2,666

4,598

NET ASSETS

29,526

8,073

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

28,526

7,073

SHAREHOLDERS' FUNDS

29,526

8,073

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 1 December 2017 and were signed by:

G Phillips - Director

1.	STATUTORY INFORMATION

Absolute Alarms And Security Systems 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 for goods and services net of

VAT and trade discounts (having regard to the fulfilment of contractual obligations).

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery etc

-

25% on reducing balance and 4% straight line

Tangible fixed assets are stated at cost (deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating

as intended. Any revaluation gains or losses recognised in other comprehensive income. Revaluations shall be

made with sufficient regularity to ensure that carrying amount does not differ materially from that which would

be determined using fair value at the end of the reporting period.

Stocks

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

moving items.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss

account except to the extent that it relates to items recognised directly in equity or other comprehensive income,

in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates

enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of

previous years.

Deferred tax

Deferred tax provided on timing differences which arise from the inclusion of income and expenses in tax in

assessments in periods different from those in which they are recognised in the financial statements. Deferred tax

on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and

allowances that apply to the sale of the asset. Deferred tax is not recognised on permanent differences arising

because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax

charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is provided in respect of the additional tax that will be paid or avoided on differences between the

amount at which an asset (other than goodwill) or liability is recognised in a business combination and the

corresponding amount that can be deducted or assessed for tax. Goodwill is adjusted by the amount of such

deferred tax.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using

tax rates enacted at the balance sheet date. Deferred tax balances are not discounted.

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.at 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 number of employees during the year was 12 (2016 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

95,000

AMORTISATION

At 1 July 2016

76,000

Charge for year

9,500

At 30 June 2017

85,500

NET BOOK VALUE

At 30 June 2017

9,500

At 30 June 2016

19,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2016

and 30 June 2017

4,750

3,383

25,438

20,673

54,244

DEPRECIATION

At 1 July 2016

950

3,242

13,404

14,131

31,727

Charge for year

475

37

3,011

1,635

5,158

At 30 June 2017

1,425

3,279

16,415

15,766

36,885

NET BOOK VALUE

At 30 June 2017

3,325

104

9,023

4,907

17,359

At 30 June 2016

3,800

141

12,034

6,542

22,517

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

Motor

vehicles

£

COST

At 1 July 2016

and 30 June 2017

10,364

DEPRECIATION

At 1 July 2016

7,084

Charge for year

820

At 30 June 2017

7,904

NET BOOK VALUE

At 30 June 2017

2,460

At 30 June 2016

3,280

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

11,208

18,225

Other debtors

19,350

147

30,558

18,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

44,357

31,703

Taxation and social security

48,231

47,393

Other creditors

3,200

2,783

95,788

81,879

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.17

30.6.16

£

£

Within one year

10,723

14,262

Between one and five years

4,771

15,494

15,494

29,756

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and

30 June 2016:

30.6.17

30.6.16

£

£

G Phillips

Balance outstanding at start of year

-

-

Amounts advanced

18,859

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,859

-

The director's loan account was cleared in full in July 2017.

11.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Absolute Alarms And Security Systems Limited for the year ended 30 June 2017 which comprise

the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Absolute Alarms And Security Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Absolute Alarms And Security Systems Limited and state those matters that we have agreed to state to the director of Absolute Alarms And Security Systems Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Absolute Alarms And Security Systems Limited and its director for our work or for this report.

It is your duty to ensure that Absolute Alarms And Security Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Absolute Alarms And Security Systems Limited. You consider that Absolute Alarms And Security Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Absolute Alarms And Security Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

1 December 2017