Audencis Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07388884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2020 TO 30 NOVEMBER 2020

FOR

AUDENCIS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Buxton

SECRETARY:

A J Buxton

REGISTERED OFFICE:

C/O Premier

Laverstoke Grange

Whitchurch

Hampshire

RG28 7PF

REGISTERED NUMBER:

07388884 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

82,507

92,524

CURRENT ASSETS

Debtors

5

71,600

107,991

Cash at bank

70,660

1,772

142,260

109,763

CREDITORS

Amounts falling due within one year

6

499,037

352,822

NET CURRENT LIABILITIES

(356,777

)

(243,059

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(274,270

)

(150,535

)

CAPITAL AND RESERVES

Called up share capital

9,420

9,420

Share premium

683,922

683,922

Retained earnings

(967,612

)

(843,877

)

SHAREHOLDERS' FUNDS

(274,270

)

(150,535

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2021 and were signed by:

A J Buxton - Director

1.	STATUTORY INFORMATION

Audencis Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The balance sheet shows that the company has net current liabilities of £356,777. The director has indicated a clear awareness of the situation and believes that preparation of the accounts on a going concern basis is appropriate due to the continued support being received from its parent company Premier Business Audio Limited.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software has been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Taxation

Taxation for the period 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 period 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 period was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 30 November 2020

243,132

DEPRECIATION

At 1 July 2020

150,608

Charge for period

10,017

At 30 November 2020

160,625

NET BOOK VALUE

At 30 November 2020

82,507

At 30 June 2020

92,524

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.6.20

£

£

Trade debtors

21,600

21,600

Amounts owed by group undertakings

50,000

50,000

Other debtors

-

36,391

71,600

107,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.6.20

£

£

Trade creditors

1,212

-

Amounts owed to group undertakings

294,719

108,736

Taxation and social security

6,580

-

Other creditors

196,526

244,086

499,037

352,822

7.	RELATED PARTY DISCLOSURES

At the year end £50,000 is owed by Broody Holdings Limited, the ultimate parent company.

At the year end £294,719 is owed to Premier Business Audio Limited, the parent company.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Buxton.

9.	ULTIMATE PARENT COMPANY

Broody Holdings Limited is regarded by the director as being the company's ultimate parent company.