Audiotech_Services_Ltd_30_Apr_2022_companies_house_set_of_accounts.html
Audiotech_Services_Ltd_30_Apr_2022_companies_house_set_of_accounts.html
Company registration number:
Report to the board of directors on the preparation of the unaudited statutory financial statements of Audiotech Services Ltd
Year ended 30 April 2022
As described on the statement of financial position, the Board of Directors of Audiotech Services Ltd are responsible for the preparation of the financial statements for the year ended 30 April 2022 , which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
Angela Button MAAT
Garfield House FarmMidhopestonesSHEFFIELDSouth YorkshireS36 4GWUnited Kingdom
Date:
15 November 2022
Statement of Financial Position
| 2022 | 2021 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Intangible assets | 5 |
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| Tangible assets | 6 |
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| Current assets | |||||
| Stocks |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 8 |
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| Net current assets |
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| Total assets less current liabilities | 901,957 | 806,695 | |||
| Creditors: amounts falling due after more than one year | 9 |
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| Net assets |
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| Called up share capital |
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| Share premium |
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| Profit and loss account |
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| Shareholders funds |
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For the year ending 30 April 2022 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 9 November 2022 , and are signed on behalf of the board by:
| Director |
Company registration number:
03541662
Notes to the Financial Statements
Year ended 30 April 2022
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 18 , Wharncliffe Business Park , Carlton, Barnsley , S71 3HR , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Development costs |
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Land and buildings | |
| Plant and machinery | |
| Office equipment | |
| Motor vehicles |
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution pension plan
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4 Average number of employees
The average number of persons employed by the company during the year was 5 (2021: 9.00 ).
5 Intangible assets
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6 Tangible assets
| Land and buildings | Plant and machinery etc. | Total | ||||
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| Additions | - |
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| Disposals | - |
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7 Debtors
| 2022 | 2021 | |||
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| £ | £ | |||
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8 Creditors: amounts falling due within one year
| 2022 | 2021 | |||
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| £ | £ | |||
| Bank loans and overdrafts |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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9 Creditors: amounts falling due after more than one year
| 2022 | 2021 | |||
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| £ | £ | |||
| Bank loans and overdrafts |
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| Other creditors |
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10 Guarantees and other financial commitments
A first legal charge over Unit 18, Wharncliffe Business Park, Carlton, Barnsley and it's associated assets. A debenture over the company's whole assets and Fixed and Floating charge over the undertaking.