REGISTERED NUMBER: 02209789 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

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

182,547

182,547

Tangible assets

5

182,172

144,808

364,719

327,355

CURRENT ASSETS

Stocks

40,315

24,830

Debtors

6

216,235

320,501

Cash at bank

529,369

568,707

785,919

914,038

CREDITORS

Amounts falling due within one year

7

844,329

947,539

NET CURRENT LIABILITIES

(58,410

)

(33,501

)

TOTAL ASSETS LESS CURRENT LIABILITIES

306,309

293,854

PROVISIONS FOR LIABILITIES

11,488

1,491

NET ASSETS

294,821

292,363

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

294,721

292,263

SHAREHOLDERS' FUNDS

294,821

292,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 7 December 2017 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.

Goodwill

Goodwill, being the amount paid for the contracts in connection with the acquisition of a business it is 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 (2016 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Contracts

£

COST

At 1 April 2016

and 31 March 2017

182,547

NET BOOK VALUE

At 31 March 2017

182,547

At 31 March 2016

182,547

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2016

30,310

326,882

357,192

Additions

-

133,026

133,026

Disposals

-

(118,501

)

(118,501

)

At 31 March 2017

30,310

341,407

371,717

DEPRECIATION

At 1 April 2016

24,773

187,611

212,384

Charge for year

554

59,058

59,612

Eliminated on disposal

-

(82,451

)

(82,451

)

At 31 March 2017

25,327

164,218

189,545

NET BOOK VALUE

At 31 March 2017

4,983

177,189

182,172

At 31 March 2016

5,537

139,271

144,808

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

208,615

314,453

Other debtors

7,620

6,048

216,235

320,501

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

82,712

101,203

Taxation and social security

159,079

184,640

Other creditors

602,538

661,696

844,329

947,539

Other creditors includes £591,978 of Deferred Revenue (2016- £653,616)

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the company's expenses is an amount of £19,800 paid to the Director's A.E. Gilmore and 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 £14,100 and £8,100 respectively during the year for their services

to the company.