Alert Data Limited - Period Ending 2018-04-30

Registration number: 11184834

Alert Data Limited

Annual Report and Financial Statements

for the Period from 2 February 2018 to 30 April 2018

Alert Data Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Alert Data Limited

(Registration number: 11184834)
Balance Sheet as at 30 April 2018

	Note	2018 £
Fixed assets
Tangible assets	4	18,356
Current assets
Debtors	5	980
Creditors: Amounts falling due within one year	6	(33,650)
Net current liabilities		(32,670)
Total assets less current liabilities		(14,314)
Provisions for liabilities		3,319
Net liabilities		(10,995)
Capital and reserves
Called up share capital		980
Profit and loss account		(11,975)
Total equity		(10,995)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 November 2018 and signed on its behalf by:
 

......................................... P J Brake Director

......................................... M C Nickels Director

The notes on pages 2 to 6 form an integral part of these financial statements.

Page 1

Alert Data Limited

Notes to the Financial Statements for the Period from 2 February 2018 to 30 April 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alert House
1 Willowside Park
Canal Road
Trowbridge
Wiltshire
BA14 8RH
England

These financial statements were authorised for issue by the Board on 30 November 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to the period presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which in the function currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Summary of disclosure exemptions

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group.

The financial statements of the company are consolidated in the financial statements of AlertSystem Group Limited. These consolidated financial statements are available from its registered office at Alert House, 1 Willowside Park, Canal Road, Trowbridge, Wiltshire, BA14 8RH.

Going concern

The company meets its day to day working capital requirements through a loan from a related company. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future. The related company has confirmed that it will continue to support the company for at least 12 months from the approval of the financial statements.

The directors have therefore adopted the going concern basis in preparing the financial statements.

Page 2

Alert Data Limited

Notes to the Financial Statements for the Period from 2 February 2018 to 30 April 2018

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 November 2018 was Andrew J Jordan, who signed for and on behalf of Milsted Langdon LLP.

Tax

The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the profit or loss except that a charge attributable to an item of income or expense recognised as other comprehensive income is recognised in other comprehensive income.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax is provided at appropriate rates on all timing differences only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability of asset will crystallise in the foreseeable future. Deferred tax is recovered using tax rates expected to apply at the reversal of the timing difference.

Deferred and current taxation assets or liabilities are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	20% straight line
Furniture, fittings and equipment	25-33% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Page 3

Alert Data Limited

Notes to the Financial Statements for the Period from 2 February 2018 to 30 April 2018

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

There were no persons employed by the company during the period.

4	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	1,999	17,518	19,517
At 30 April 2018	1,999	17,518	19,517
Depreciation
Charge for the period	71	1,090	1,161
At 30 April 2018	71	1,090	1,161
Carrying amount
At 30 April 2018	1,928	16,428	18,356

Page 4

Alert Data Limited

Notes to the Financial Statements for the Period from 2 February 2018 to 30 April 2018

5

Debtors

	2018 £
Amounts owed by parent undertakings	750
Other debtors	230
	980

6

Creditors

Creditors: amounts falling due within one year

	Note	2018 £
Due within one year
Amounts owed to group undertakings	8	30,900
Accruals and deferred income		2,750
		33,650

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7	Share capital

Allotted, called up and fully paid shares

	2018
	No.	£
Ordinary A shares of £0.01 each	75,000	750.00
Ordinary B shares of £0.01 each	23,000	230.00
	98,000	980

On incorporation, 750 Ordinary A shares and 230 Ordinary B shares were issued at par.

Ordinary A and Ordinary B shares rank pari passu and there are no restrictions on the distribution of dividends and the repayment of capital.

Page 5

Alert Data Limited

Notes to the Financial Statements for the Period from 2 February 2018 to 30 April 2018

8	Related party transactions

Key management personnel

The Directors, who have authority and responsibility for planning, directing and controlling the activities of the company are considered to be key management personnel.

No remuneration was paid to key management in the current or prior year.

9	Parent and ultimate parent undertaking

The company's immediate and ultimate parent is AlertSystems Group Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is AlertSystems Group Limited. These financial statements are available upon request from Alert House, 1 Willowside Park, Canal Road, Trowbridge, Wiltshire, BA14 8RH.

 The ultimate controlling party is P J Brake and M C Nickels by virtue of their equity shareholding in the ultimate parent company.

Page 6