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REGISTERED NUMBER: 03450730 (England and Wales)






FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

AUDIENT LIMITED

AUDIENT LIMITED (REGISTERED NUMBER: 03450730)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUDIENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: P G Hart
S T Blackwood
S Flower
A Allen
V H Cowley
S Sinclair





SECRETARY: P G Hart





REGISTERED OFFICE: Aspect House
Herriard
Basingstoke
Hampshire
RG25 2PN





REGISTERED NUMBER: 03450730 (England and Wales)






AUDIENT LIMITED (REGISTERED NUMBER: 03450730)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,282 179,086

CURRENT ASSETS
Stocks 1,803,008 1,479,095
Debtors 5 1,667,767 1,040,427
Cash at bank and in hand 2,530,839 3,013,117
6,001,614 5,532,639
CREDITORS
Amounts falling due within one year 6 2,051,423 2,664,551
NET CURRENT ASSETS 3,950,191 2,868,088
TOTAL ASSETS LESS CURRENT LIABILITIES 4,148,473 3,047,174

CAPITAL AND RESERVES
Called up share capital 241,468 241,468
Share premium 182,862 182,862
Retained earnings 3,724,143 2,622,844
SHAREHOLDERS' FUNDS 4,148,473 3,047,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:




S T Blackwood - Director



P G Hart - Director


AUDIENT LIMITED (REGISTERED NUMBER: 03450730)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

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

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 - at varying rates on cost
Fixtures and fittings - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

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 23 (2020 - 20 ) .

AUDIENT LIMITED (REGISTERED NUMBER: 03450730)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2021 364,960 26,957 391,917
Additions 88,458 9,689 98,147
At 31 December 2021 453,418 36,646 490,064
DEPRECIATION
At 1 January 2021 186,840 25,991 212,831
Charge for year 77,906 1,045 78,951
At 31 December 2021 264,746 27,036 291,782
NET BOOK VALUE
At 31 December 2021 188,672 9,610 198,282
At 31 December 2020 178,120 966 179,086

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,605,927 1,029,423
Other debtors 61,840 11,004
1,667,767 1,040,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,461,962 2,075,167
Taxation and social security 247,380 226,847
Other creditors 342,081 362,537
2,051,423 2,664,551