AUDIOLINK LIMITED

Company Registration Number:
01238900 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

AUDIOLINK LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

AUDIOLINK LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,618,562 1,683,300
Total fixed assets: 1,618,562 1,683,300
Current assets
Stocks: 592,218 262,124
Debtors: 4 1,584,220 1,812,582
Cash at bank and in hand: 374,334 182,848
Total current assets: 2,550,772 2,257,554
Creditors: amounts falling due within one year: 5 (1,010,570) (1,008,572)
Net current assets (liabilities): 1,540,202 1,248,982
Total assets less current liabilities: 3,158,764 2,932,282
Creditors: amounts falling due after more than one year: 6 (1,253) (30,162)
Provision for liabilities: (307,527) (319,827)
Total net assets (liabilities): 2,849,984 2,582,293
Capital and reserves
Called up share capital: 3,158 3,158
Share premium account: 24,842 24,842
Other reserves: 32,000 32,000
Profit and loss account: 2,789,984 2,522,293
Shareholders funds: 2,849,984 2,582,293

The notes form part of these financial statements

AUDIOLINK LIMITED

Balance sheet statements

For the year ending 31 January 2023 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 31 October 2023
and signed on behalf of the board by:

Name: PHILIP JAMES HEAPHY
Status: Director

The notes form part of these financial statements

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

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 is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

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.An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss.A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.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:Motor vehicles - 25% on a reducing balance basisFixtures and fittings - 20% on costPlant and machinery - 25% on cost

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 25 27

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 4,669,926
Additions 532,975
Disposals (428,912)
At 31 January 2023 4,773,989
Depreciation
At 01 February 2022 2,986,626
Charge for year 467,999
On disposals (299,198)
At 31 January 2023 3,155,427
Net book value
At 31 January 2023 1,618,562
At 31 January 2022 1,683,300

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

Trade debtors - 2023 £692,210 - 2022 £936,488Amounts owed by group undertakings and undertakings in which the company has a participating interest - 2023 £771,154 - 2022 £771,154Other debtors - 2023 £120,856 - 2022 £104,940Total - 2023 £1,584,220 - 2022 £1,812,582

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due within one year note

Trade creditors - 2023 £338,068 - 2022 £353,606Other creditors - 2023 £253,285 - 2022 £370,985Other tax and social security - 2023 £388,256 - 2022 £221,883Obligations under bank loans - 2023 £0 - 2022 £0Obligations under finance leases and hire purchase contracts - 2023 £30,961 - 2022 £62,098Total - 2023 £1,010,570 - 2022 £1,008,572

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

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

Obligations under bank loans - 2023 £0 - 2022 £0Obligations under finance leases and hire purchase contracts - 2023 £1,253 - 2022 £30,162Total - 2023 £1,253 - 2022 £30,162