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 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

UK ACOUSTIC SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

UK ACOUSTIC SYSTEMS LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 4,000 8,000
Tangible assets: 4 83,836 21,895
Total fixed assets: 87,836 29,895
Current assets
Stocks: 91,733 99,280
Debtors:   916,746 736,431
Cash at bank and in hand: 75,713 97,287
Total current assets: 1,084,192 932,998
Creditors: amounts falling due within one year: 5 (759,065) (682,088)
Net current assets (liabilities): 325,127 250,910
Total assets less current liabilities: 412,963 280,805
Creditors: amounts falling due after more than one year: 6 (66,948)
Provision for liabilities:   (3,300)
Total net assets (liabilities): 346,015 277,505
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 346,013 277,503
Shareholders funds: 346,015 277,505

The notes form part of these financial statements

UK ACOUSTIC SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 March 2018 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 10 October 2018
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 2018

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 represents goods or services invoiced net of Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following rates:Plant & Machinery - 20% on reducing balanceFixtures & Fittings - 20% on reducing balanceOffice Equipment - 33% on reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are amortised over 5 years.

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 5 3

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 20,000
At 31 March 2018 20,000
Amortisation
At 01 April 2017 12,000
Charge for year 4,000
At 31 March 2018 16,000
Net book value
At 31 March 2018 4,000
At 31 March 2017 8,000

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 36,649
Additions 78,018
At 31 March 2018 114,667
Depreciation
At 01 April 2017 14,754
Charge for year 16,077
At 31 March 2018 30,831
Net book value
At 31 March 2018 83,836
At 31 March 2017 21,895

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Creditors: amounts falling due within one year note

Trade Creditors £666871Taxation & Social Security £63022Other creditors £29172

UK ACOUSTIC SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

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

Finance loans £66948