Company Registration No. NI627148 (Northern Ireland)
Autotune (NI) Limited
Unaudited accounts
for the year ended 31 October 2023
Autotune (NI) Limited
Unaudited accounts
Contents
Autotune (NI) Limited
Company Information
for the year ended 31 October 2023
Company Number
NI627148 (Northern Ireland)
Registered Office
Unit 10
Pennybridge Industrial Estate
Ballymena
Co Antrim
BT42 3HB
Northern Ireland
Accountants
TAG Accountants (N.I.) Ltd
81a Galgorm Road
Ballymena
Co Antrim
BT42 1AA
Autotune (NI) Limited
Statement of financial position
as at 31 October 2023
Tangible assets
168,956
182,967
Cash at bank and in hand
264,792
264,675
Creditors: amounts falling due within one year
(67,887)
(57,884)
Net current assets
198,558
208,669
Total assets less current liabilities
367,514
391,636
Provisions for liabilities
Deferred tax
(12,610)
(13,310)
Net assets
354,904
378,326
Called up share capital
100
100
Profit and loss account
354,804
378,226
Shareholders' funds
354,904
378,326
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2024 and were signed on its behalf by
Mr Ryan Clarke
Director
Company Registration No. NI627148
Autotune (NI) Limited
Notes to the Accounts
for the year ended 31 October 2023
Autotune (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI627148. The registered office is Unit 10, Pennybridge Industrial Estate, Ballymena, Co Antrim, BT42 3HB, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
112,912
115,009
57,617
285,538
At 31 October 2023
112,912
115,009
57,617
285,538
At 1 November 2022
-
72,488
30,083
102,571
Charge for the year
-
8,504
5,507
14,011
At 31 October 2023
-
80,992
35,590
116,582
At 31 October 2023
112,912
34,017
22,027
168,956
At 31 October 2022
112,912
42,521
27,534
182,967
Autotune (NI) Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,215
28,667
Trade creditors
1,735
4,386
Taxes and social security
38,027
33,029
Loans from directors
(24,121)
(23,641)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 6 (2022: 4).