Fortress Alarms (UK) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05757533

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

Fortress Alarms (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Samm

S C Rayner

REGISTERED OFFICE:

Fortress Suite, 3 Dunmore Court

Wootton Road

Abingdon

Oxfordshire

OX13 6BH

REGISTERED NUMBER:

05757533

ACCOUNTANTS:

Danton Partners Ltd

Chartered Management Accountants

7 Merlin Centre

Gatehouse Close

Aylesbury

Buckinghamshire

HP19 8DP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

39,995

42,296

39,995

42,296

CURRENT ASSETS

Stocks

21,100

18,488

Debtors

6

48,873

70,579

Prepayments and accrued income

2,498

2,498

Cash at bank and in hand

324,833

211,436

397,304

303,001

CREDITORS

Amounts falling due within one year

7

122,206

94,352

NET CURRENT ASSETS

275,098

208,649

TOTAL ASSETS LESS CURRENT LIABILITIES

315,093

250,945

PROVISIONS FOR LIABILITIES

8

5,704

774

NET ASSETS

309,389

250,171

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

309,289

250,071

SHAREHOLDERS' FUNDS

309,389

250,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 1 October 2017 and were signed on its behalf by:

S C Rayner - Director

C Samm - Director

1.	STATUTORY INFORMATION

Fortress Alarms (UK) Ltd is a private company, limited by shares , registered in Not specified/Other. 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 2006, is being amortised

evenly over its estimated useful life of five 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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

31,007

AMORTISATION

At 1 March 2016

and 28 February 2017

31,007

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2016

1,392

61,000

14,475

76,867

Additions

-

9,996

-

9,996

Disposals

-

(12,610

)

-

(12,610

)

At 28 February 2017

1,392

58,386

14,475

74,253

DEPRECIATION

At 1 March 2016

1,098

22,790

10,683

34,571

Charge for year

44

10,516

948

11,508

Eliminated on disposal

-

(11,821

)

-

(11,821

)

At 28 February 2017

1,142

21,485

11,631

34,258

NET BOOK VALUE

At 28 February 2017

250

36,901

2,844

39,995

At 29 February 2016

294

38,210

3,792

42,296

6.

DEBTORS

28.2.17

29.2.16

£

£

Amounts falling due within one year:

Trade debtors

80,540

101,246

Provision for doubtful debts

(35,335

)

(34,335

)

45,205

66,911

Amounts falling due after more than one year:

Other debtors

3,668

3,668

Aggregate amounts

48,873

70,579

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Payments on account

29,575

27,695

Trade creditors

10,783

4,920

Tax

29,462

14,848

Social security and other taxes

4,522

5,108

VAT

31,379

26,923

Net Wages

289

-

Directors' current accounts

12,174

11,226

Accrued expenses

4,022

3,632

122,206

94,352

8.	PROVISIONS FOR LIABILITIES

28.2.17

29.2.16

£

£

Deferred tax

5,704

774

Deferred

tax

£

Balance at 1 March 2016

774

Accelerated capital allowances

4,930

Balance at 28 February 2017

5,704

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 March 2016

250,071

Profit for the year

103,218

Dividends

(44,000

)

At 28 February 2017

309,289

11.	RELATED PARTY DISCLOSURES

At the end of the period an amount of £10,424 was owed to the Director, Mr C.Samm (2016 - £9,476).

There are no fixed terms for repayment of this loan. Interest is currently charged at 10% per annum. Interest

charged for this year was £948.

At the end of the period an amount of £1,750 was owed to the Director, Ms S Rayner (2016 - £1,750).

There are no fixed terms for repayment of this loan which is interest free.

12.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their holdings in the entire share capital of the company.