H Pro Audio Limited 14255195 false 2022-07-25 2023-07-31 2023-07-31 The principal activity of the company is that of media equipment rental. Digita Accounts Production Advanced 6.30.9574.0 true true 14255195 2022-07-25 2023-07-31 14255195 2023-07-31 14255195 bus:OrdinaryShareClass1 2023-07-31 14255195 core:CurrentFinancialInstruments 2023-07-31 14255195 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14255195 core:Non-currentFinancialInstruments 2023-07-31 14255195 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 14255195 core:FurnitureFittingsToolsEquipment 2023-07-31 14255195 core:MotorVehicles 2023-07-31 14255195 bus:SmallEntities 2022-07-25 2023-07-31 14255195 bus:AuditExemptWithAccountantsReport 2022-07-25 2023-07-31 14255195 bus:FullAccounts 2022-07-25 2023-07-31 14255195 bus:SmallCompaniesRegimeForAccounts 2022-07-25 2023-07-31 14255195 bus:RegisteredOffice 2022-07-25 2023-07-31 14255195 bus:CompanySecretaryDirector1 2022-07-25 2023-07-31 14255195 bus:OrdinaryShareClass1 2022-07-25 2023-07-31 14255195 bus:PrivateLimitedCompanyLtd 2022-07-25 2023-07-31 14255195 core:FurnitureFittingsToolsEquipment 2022-07-25 2023-07-31 14255195 core:MotorVehicles 2022-07-25 2023-07-31 14255195 countries:EnglandWales 2022-07-25 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14255195

H Pro Audio Limited

Unaudited Filleted Financial Statements

for the Period from 25 July 2022 to 31 July 2023

 

H Pro Audio Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

H Pro Audio Limited

Company Information

Director

Mr R A Bishop

Company secretary

Mr R A Bishop

Registered office

Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

Accountants

Newsham Hanson Accountants Limited
Accountants and Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

H Pro Audio Limited

(Registration number: 14255195)
Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

192,137

Current assets

 

Debtors

5

21,446

Cash at bank and in hand

 

5,711

 

27,157

Creditors: Amounts falling due within one year

6

(193,257)

Net current liabilities

 

(166,100)

Total assets less current liabilities

 

26,037

Creditors: Amounts falling due after more than one year

6

(30,000)

Provisions for liabilities

4,087

Net assets

 

124

Capital and reserves

 

Called up share capital

7

100

Retained earnings

24

Shareholders' funds

 

124

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 October 2023
 

.........................................
Mr R A Bishop
Company secretary and director

 

H Pro Audio Limited

Notes to the Unaudited Financial Statements for the Period from 25 July 2022 to 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

These financial statements were authorised for issue by the director on 13 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

H Pro Audio Limited

Notes to the Unaudited Financial Statements for the Period from 25 July 2022 to 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

H Pro Audio Limited

Notes to the Unaudited Financial Statements for the Period from 25 July 2022 to 31 July 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

H Pro Audio Limited

Notes to the Unaudited Financial Statements for the Period from 25 July 2022 to 31 July 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

198,727

31,150

229,877

At 31 July 2023

198,727

31,150

229,877

Depreciation

Charge for the period

29,952

7,788

37,740

At 31 July 2023

29,952

7,788

37,740

Carrying amount

At 31 July 2023

168,775

23,362

192,137

5

Debtors

Current

2023
£

Prepayments

4,834

Other debtors

16,612

 

21,446

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Trade creditors

 

269

Amounts owed to related parties

192,088

Other creditors

 

900

 

193,257

Due after one year

 

Loans and borrowings

8

30,000

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

30,000

 

H Pro Audio Limited

Notes to the Unaudited Financial Statements for the Period from 25 July 2022 to 31 July 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary share(s) of £1 each

100

100

     

8

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

30,000

9

Control

The company is controlled by the director, who owns 100% of the called up share capital.