Audeo Limited - Limited company accounts 18.2

Audeo Limited - Limited company accounts 18.2

AUDEO LIMITED - Company Information

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REGISTERED NUMBER: 03734440 (England and Wales)








Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 January 2019

for

Audeo Limited
Audeo Limited (Registered number: 03734440)

Contents of the Financial Statements
for the Year Ended 31 January 2019










Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


Audeo Limited

Company Information
for the Year Ended 31 January 2019







DIRECTORS: K J K Wilson
Miss S L Sturgess
I A P Hancey





REGISTERED OFFICE: First Floor
6 Faraday Office Park
Rankine Road
Basingstoke
Hampshire
RG24 8QB





REGISTERED NUMBER: 03734440 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL
1
Audeo Limited (Registered number: 03734440)

Report of the Directors
for the Year Ended 31 January 2019


The directors present their report with the financial statements of the company for the year ended 31 January 2019.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a holding company.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2018 to the date
of this report.

K J K Wilson
Miss S L Sturgess
I A P Hancey

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:





K J K Wilson - Director


30 August 2019

2
Audeo Limited (Registered number: 03734440)

Statement of Income and Retained Earnings
for the Year Ended 31 January 2019

31.1.19 31.1.18
Notes £    £   

TURNOVER - -

Administrative expenses 60 67
OPERATING LOSS and
LOSS BEFORE TAXATION (60 ) (67 )

Tax on loss 4 - -
LOSS FOR THE FINANCIAL YEAR (60 ) (67 )

Retained earnings at beginning of year (65 ) 2

RETAINED EARNINGS AT END OF
YEAR
(125
)
(65
)

The notes form part of these financial statements

3
Audeo Limited (Registered number: 03734440)

Balance Sheet
31 January 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,000 1,000

CURRENT ASSETS
Debtors 6 30,273 30,273
Cash at bank 209 269
30,482 30,542
NET CURRENT ASSETS 30,482 30,542
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,482
31,542

CAPITAL AND RESERVES
Called up share capital 7 22,747 22,747
Other reserves 8,860 8,860
Retained earnings (125 ) (65 )
SHAREHOLDERS' FUNDS 31,482 31,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 30 August 2019 and were signed on its
behalf by:





K J K Wilson - Director


The notes form part of these financial statements

4
Audeo Limited (Registered number: 03734440)

Notes to the Financial Statements
for the Year Ended 31 January 2019


1. STATUTORY INFORMATION

Audeo 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs.
Subsequently they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at
each balance sheet date. The directors review the carrying amount of the relevant assets and compare
them to their market values and recoverable amounts. Where the carrying amount exceeds this, an
impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where
the impairment loss is a revaluation decrease.

5
Audeo Limited (Registered number: 03734440)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2019


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 January 2019 nor for the year ended
31 January 2018.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2018
and 31 January 2019 31,156
PROVISIONS
At 1 February 2018
and 31 January 2019 30,156
NET BOOK VALUE
At 31 January 2019 1,000
At 31 January 2018 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Amounts owed by group undertakings 30,273 30,273

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.19 31.1.18
value: £    £   
2,274,754 Ordinary 1p 22,747 22,747

6