AUDIO LIMITED

AUDIO LIMITED

AUDIO LIMITED - Company Information

Print Friendly Version

AUDIO LIMITED

Company Registration Number:
00439619 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 January 2021

End date: 31 March 2022

AUDIO LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

AUDIO LIMITED

Balance sheet

As at 31 March 2022


Notes
15 months to 31 March 2022
2020


£
£
Fixed assets
Intangible assets: 3 157,891 62,500
Tangible assets: 4 55,209 103,112
Total fixed assets: 213,100 165,612
Current assets
Stocks: 515,085 323,988
Debtors:   249,004 294,126
Cash at bank and in hand: 374,248 124,069
Total current assets: 1,138,337 742,183
Creditors: amounts falling due within one year:   (368,947) (174,826)
Net current assets (liabilities): 769,390 567,357
Total assets less current liabilities: 982,490 732,969
Creditors: amounts falling due after more than one year:     (50,000)
Total net assets (liabilities): 982,490 682,969
Capital and reserves
Called up share capital: 2 2
Other reserves: 4 4
Profit and loss account: 982,484 682,963
Shareholders funds: 982,490 682,969

The notes form part of these financial statements

AUDIO LIMITED

Balance sheet statements

For the year ending 31 March 2022 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 29 March 2023
and signed on behalf of the board by:

Name: K K Patel
Status: Director

The notes form part of these financial statements

AUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

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

AUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

15 months to 31 March 2022 2020
Average number of employees during the period 9 6

AUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Intangible Assets

Total
Cost £
At 01 January 2021 250,000
Additions 249,189
At 31 March 2022 499,189
Amortisation
At 01 January 2021 187,500
Charge for year 153,798
At 31 March 2022 341,298
Net book value
At 31 March 2022 157,891
At 31 December 2020 62,500

AUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Tangible Assets

Total
Cost £
At 01 January 2021 628,451
Additions 1,739
Disposals (28,702)
At 31 March 2022 601,488
Depreciation
At 01 January 2021 525,339
Charge for year 49,642
On disposals (28,702)
At 31 March 2022 546,279
Net book value
At 31 March 2022 55,209
At 31 December 2020 103,112

AUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Post balance sheet events

There are no specific events since the balance sheet date which have a material impact on the trading position or assets and liabilities of the company.