UK ACOUSTIC SYSTEMS LIMITED

UK ACOUSTIC SYSTEMS LIMITED

UK ACOUSTIC SYSTEMS LIMITED - Company Information

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UK ACOUSTIC SYSTEMS LIMITED

Company Registration Number:
09123059 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

UK ACOUSTIC SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

UK ACOUSTIC SYSTEMS LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 0 4,000
Tangible assets: 4 110,309 83,836
Total fixed assets: 110,309 87,836
Current assets
Stocks: 397,812 91,733
Debtors:   721,630 916,746
Cash at bank and in hand: 54,810 75,713
Total current assets: 1,174,252 1,084,192
Creditors: amounts falling due within one year: 5 (572,219) (759,065)
Net current assets (liabilities): 602,033 325,127
Total assets less current liabilities: 712,342 412,963
Creditors: amounts falling due after more than one year: 6 (197,651) (66,948)
Total net assets (liabilities): 514,691 346,015
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 514,689 346,013
Shareholders funds: 514,691 346,015

The notes form part of these financial statements

UK ACOUSTIC SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 November 2019
and signed on behalf of the board by:

Name: MRS C M WILKINS
Status: Director

The notes form part of these financial statements

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at fair value of the consideration received or receivable in respect of goods and services net of VAT.

Tangible fixed assets and depreciation policy

Depreciation is charged at the following rates:Plant & Machinery - 20% on reducing valuesFixtures & Fittings - 20 % on reducing valuesMotor Vehicles - 25% on reducing valuesOffice equipment - 33% on reducing values

Intangible fixed assets and amortisation policy

Goodwill is written off over 5 years and is now fully written down

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 12 12

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Intangible Assets

Total
Cost £
At 01 April 2018 20,000
At 31 March 2019 20,000
Amortisation
At 01 April 2018 16,000
Charge for year 4,000
At 31 March 2019 20,000
Net book value
At 31 March 2019 0
At 31 March 2018 4,000

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Tangible Assets

Total
Cost £
At 01 April 2018 114,667
Additions 55,940
Disposals (1,262)
At 31 March 2019 169,345
Depreciation
At 01 April 2018 30,831
Charge for year 28,621
On disposals (416)
At 31 March 2019 59,036
Net book value
At 31 March 2019 110,309
At 31 March 2018 83,836

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Creditors: amounts falling due within one year note

Trade Creditors £508724Taxation & Social Security £47668Other creditors £15827

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6. Creditors: amounts falling due after more than one year note

Bank Loan £197651