Auditel (U.K.) Limited - Accounts to registrar (filleted) - small 23.2.5

Auditel (U.K.) Limited - Accounts to registrar (filleted) - small 23.2.5

AUDITEL (U.K.) LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v23.4.0.336 02957303 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029573032022-12-31029573032023-12-31029573032023-01-012023-12-31029573032021-12-31029573032022-01-012022-12-31029573032022-12-3102957303ns15:EnglandWales2023-01-012023-12-3102957303ns14:PoundSterling2023-01-012023-12-3102957303ns10:Director12023-01-012023-12-3102957303ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102957303ns10:SmallEntities2023-01-012023-12-3102957303ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102957303ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102957303ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102957303ns10:FullAccounts2023-01-012023-12-310295730312023-01-012023-12-3102957303ns10:Director22023-01-012023-12-3102957303ns10:Director32023-01-012023-12-3102957303ns10:RegisteredOffice2023-01-012023-12-3102957303ns5:CurrentFinancialInstruments2023-12-3102957303ns5:CurrentFinancialInstruments2022-12-3102957303ns5:Non-currentFinancialInstruments2023-12-3102957303ns5:Non-currentFinancialInstruments2022-12-3102957303ns5:ShareCapital2023-12-3102957303ns5:ShareCapital2022-12-3102957303ns5:SharePremium2023-12-3102957303ns5:SharePremium2022-12-3102957303ns5:RetainedEarningsAccumulatedLosses2023-12-3102957303ns5:RetainedEarningsAccumulatedLosses2022-12-3102957303ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3102957303ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3102957303ns5:PlantMachinery2023-01-012023-12-3102957303ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3102957303ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3102957303ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3102957303ns5:PlantMachinery2022-12-3102957303ns5:PlantMachinery2023-12-3102957303ns5:PlantMachinery2022-12-3102957303ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102957303ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 02957303 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AUDITEL (U.K.) LIMITED
Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE








AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUDITEL (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R Allison
Mr C Aston
Ms F Steels





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 02957303 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE
Page 1
AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 144,095 162,095
Tangible assets 5 5,626 7,498
149,721 169,593

CURRENT ASSETS
Debtors 6 606,702 392,534
Cash at bank 582,398 246,330
1,189,100 638,864
CREDITORS
Amounts falling due within one year 7 377,738 171,425
NET CURRENT ASSETS 811,362 467,439
TOTAL ASSETS LESS CURRENT
LIABILITIES
961,083
637,032

CREDITORS
Amounts falling due after more than one
year
8
(62,667
)
(109,667
)

PROVISIONS FOR LIABILITIES (1,407 ) (1,875 )
NET ASSETS 897,009 525,490

The notes form part of these financial statements

Page 2
AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 25,100 25,100
Share premium 1,900 1,900
Retained earnings 870,009 498,490
897,009 525,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mr R Allison - Director


The notes form part of these financial statements

Page 3
AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Auditel (U.K.) 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.

Turnover
Turnover in the profit and loss represents services provided, excluding Value Added Tax.

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.

Franchise rights are being amortised evenly over their estimated useful life of ten years.

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 - 25% on reducing balance

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.


Page 4
AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
rights
£   
COST
At 1 January 2023
and 31 December 2023 180,106
AMORTISATION
At 1 January 2023 18,011
Amortisation for year 18,000
At 31 December 2023 36,011
NET BOOK VALUE
At 31 December 2023 144,095
At 31 December 2022 162,095

Page 5
AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 260,181
DEPRECIATION
At 1 January 2023 252,683
Charge for year 1,872
At 31 December 2023 254,555
NET BOOK VALUE
At 31 December 2023 5,626
At 31 December 2022 7,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,684 23,166
Other debtors 560,018 369,368
606,702 392,534

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 47,000 47,000
Trade creditors 13,621 10,924
Taxation and social security 302,254 99,117
Other creditors 14,863 14,384
377,738 171,425

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 62,667 109,667

Page 6
AUDITEL (U.K.) LIMITED (REGISTERED NUMBER: 02957303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RELATED PARTY DISCLOSURES

1754 Limited

A company in which Mr Allison and Mr Aston are directors.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due from 1754 Ltd at the balance sheet date was £499,511 (2022 - £333,211).

Page 7