Always Ear Limited 12061856 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the provision of hearing aid equipment and services. Digita Accounts Production Advanced 6.30.9574.0 true true 12061856 2022-07-01 2023-06-30 12061856 2023-06-30 12061856 bus:OrdinaryShareClass1 2023-06-30 12061856 core:RetainedEarningsAccumulatedLosses 2023-06-30 12061856 core:ShareCapital 2023-06-30 12061856 core:CurrentFinancialInstruments 2023-06-30 12061856 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12061856 core:FurnitureFittingsToolsEquipment 2023-06-30 12061856 core:OtherPropertyPlantEquipment 2023-06-30 12061856 bus:SmallEntities 2022-07-01 2023-06-30 12061856 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12061856 bus:FullAccounts 2022-07-01 2023-06-30 12061856 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12061856 bus:RegisteredOffice 2022-07-01 2023-06-30 12061856 bus:Director1 2022-07-01 2023-06-30 12061856 bus:Director2 2022-07-01 2023-06-30 12061856 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12061856 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12061856 bus:Agent1 2022-07-01 2023-06-30 12061856 core:FurnitureFittings 2022-07-01 2023-06-30 12061856 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 12061856 core:OfficeEquipment 2022-07-01 2023-06-30 12061856 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 12061856 core:PlantMachinery 2022-07-01 2023-06-30 12061856 countries:EnglandWales 2022-07-01 2023-06-30 12061856 2022-06-30 12061856 core:FurnitureFittingsToolsEquipment 2022-06-30 12061856 core:OtherPropertyPlantEquipment 2022-06-30 12061856 2021-07-01 2022-06-30 12061856 2022-06-30 12061856 bus:OrdinaryShareClass1 2022-06-30 12061856 core:RetainedEarningsAccumulatedLosses 2022-06-30 12061856 core:ShareCapital 2022-06-30 12061856 core:CurrentFinancialInstruments 2022-06-30 12061856 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 12061856 core:FurnitureFittingsToolsEquipment 2022-06-30 12061856 core:OtherPropertyPlantEquipment 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12061856

Always Ear Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Always Ear Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Always Ear Limited

Company Information

Directors

Mrs J L H Carter

Miss A Ankers

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Always Ear Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Always Ear Limited for the year ended 30 June 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Always Ear Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Always Ear Limited and state those matters that we have agreed to state to the Board of Directors of Always Ear Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Always Ear Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Always Ear Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Always Ear Limited. You consider that Always Ear Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Always Ear Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

22 November 2023

 

Always Ear Limited

(Registration number: 12061856)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,427

4,299

Current assets

 

Debtors

5

-

1,125

Cash at bank and in hand

 

18,448

17,314

 

18,448

18,439

Creditors: Amounts falling due within one year

6

(13,709)

(18,957)

Net current assets/(liabilities)

 

4,739

(518)

Total assets less current liabilities

 

7,166

3,781

Provisions for liabilities

(817)

(817)

Net assets

 

6,349

2,964

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

6,339

2,954

Shareholders' funds

 

6,349

2,964

For the financial year ending 30 June 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

 

Always Ear Limited

(Registration number: 12061856)
Balance Sheet as at 30 June 2023

.........................................
Mrs J L H Carter
Director

 

Always Ear Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the Board on 22 November 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.

 

Always Ear Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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:

Asset class

Depreciation method and rate

Plant and machinery

Straight line basis, asset specific between 3 and 5 years

Fixtures and fittings

Straight line basis, asset specific between 3 and 4 years

Office equipment

Straight line basis, 3 years

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.

 

Always Ear Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Always Ear Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

3,036

7,728

10,764

Additions

1,440

-

1,440

At 30 June 2023

4,476

7,728

12,204

Depreciation

At 1 July 2022

1,656

4,809

6,465

Charge for the year

1,421

1,891

3,312

At 30 June 2023

3,077

6,700

9,777

Carrying amount

At 30 June 2023

1,399

1,028

2,427

At 30 June 2022

1,380

2,919

4,299

5

Debtors

Current

2023
£

2022
£

Prepayments

-

397

Other debtors

-

728

 

-

1,125

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

3,248

812

Accruals and deferred income

1,592

1,334

Other creditors

8,869

16,811

13,709

18,957

 

Always Ear Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

10

10

10

10