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REGISTERED NUMBER: 07131076 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Production Audio Solutions Limited

Production Audio Solutions Limited (Registered number: 07131076)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Production Audio Solutions Limited (Registered number: 07131076)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,363 1,050

CURRENT ASSETS
Debtors 5 - 70
Cash at bank 97,091 31,511
97,091 31,581
CREDITORS
Amounts falling due within one year 6 23,466 9,323
NET CURRENT ASSETS 73,625 22,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,988

23,308

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 121,986 23,306
SHAREHOLDERS' FUNDS 121,988 23,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Production Audio Solutions Limited (Registered number: 07131076)

Balance Sheet - continued
31 January 2023


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 13 October 2023 and were signed on its behalf by:





J Breward - Director


Production Audio Solutions Limited (Registered number: 07131076)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Production Audio Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07131076

Registered office: 399 St Margarets Road
Isleworth
TW7 7BZ

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Production Audio Solutions Limited (Registered number: 07131076)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 20,758
Additions 59,404
At 31 January 2023 80,162
DEPRECIATION
At 1 February 2022 19,708
Charge for year 12,091
At 31 January 2023 31,799
NET BOOK VALUE
At 31 January 2023 48,363
At 31 January 2022 1,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors - 70

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 1 -
Taxation and social security 17,849 4,581
Other creditors 5,616 4,742
23,466 9,323