HELTERSKELTER AUDIO LTD

Company Registration Number:
14509861 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 28 November 2022

End date: 30 November 2023

HELTERSKELTER AUDIO LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

HELTERSKELTER AUDIO LTD

Balance sheet

As at 30 November 2023


Notes

2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 2,400
Tangible assets: 4 14,554
Total fixed assets: 16,954
Current assets
Debtors:   172
Cash at bank and in hand: 140
Total current assets: 312
Creditors: amounts falling due within one year:   (25,055)
Net current assets (liabilities): (24,743)
Total assets less current liabilities: (7,789)
Total net assets (liabilities): (7,789)
Capital and reserves
Called up share capital: 100
Profit and loss account: (7,889)
Shareholders funds: (7,789)

The notes form part of these financial statements

HELTERSKELTER AUDIO LTD

Balance sheet statements

For the year ending 30 November 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 05 March 2024
and signed on behalf of the board by:

Name: Jacob Guy Minshall
Status: Director

The notes form part of these financial statements

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 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, excluding discounts, rebates, Value Added Tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.Plant and machinery - 20% reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.Goodwill - 20% straight line

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023
Average number of employees during the period 0

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Intangible Assets

Total
Cost £
Additions 3,000
At 30 November 2023 3,000
Amortisation
Charge for year 600
At 30 November 2023 600
Net book value
At 30 November 2023 2,400

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
Additions 19,009
Disposals (1,496)
At 30 November 2023 17,513
Depreciation
Charge for year 2,959
At 30 November 2023 2,959
Net book value
At 30 November 2023 14,554

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Loans to directors

In the period the directors of the company loaned monies in the sum of £16,464 to the company. This amount is all considered due within 1 year, however these loans have no interest or formal repayment terms. The individual loans are as follows; Jacob G Minshall: £6,172, Corey J Woodhead: £3,140, Melody A Hinchliffe: £4,606 and Thomas E Gledhill: £2,546.

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Related party transactions

Name of the related party: Joe Whitham
Relationship:
Future director and shareholder
Description of the Transaction: Included in other creditors is a loan in the sum of £6,350 to the company, from Joe Whitham, who becomes a director and shareholder in the next financial year. This loan has no interest or formal repayment terms.
£
Balance at 30 November 2023 6,350

HELTERSKELTER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Post balance sheet events

The company has been trading under the informal name 'Wired Sound System' during the period. The directors plan on changing the name of the company in the next financial year.