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REGISTERED NUMBER: 06329855 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

PREMIER BUSINESS AUDIO LIMITED

PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER BUSINESS AUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: A J Buxton



SECRETARY: A J Buxton



REGISTERED OFFICE: Laverstoke Grange
Laverstoke
Whitchurch
Hampshire
RG28 7PF



REGISTERED NUMBER: 06329855 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Bank of Scotland
35 Princess Street
Ipswich
IP1 1AE

PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,140 13,632
Investments 6 75,537 275,837
93,677 289,469

CURRENT ASSETS
Stocks 472 614
Debtors 7 2,584,612 2,142,657
Cash at bank and in hand 432,332 641,283
3,017,416 2,784,554
CREDITORS
Amounts falling due within one year 8 1,191,512 948,976
NET CURRENT ASSETS 1,825,904 1,835,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,919,581

2,125,047

CAPITAL AND RESERVES
Called up share capital 2,111 2,111
Share premium 10,978 10,978
Retained earnings 1,906,492 2,111,958
SHAREHOLDERS' FUNDS 1,919,581 2,125,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th March 2024 and were signed by:





A J Buxton - Director


PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Premier Business Audio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In the opinion of the director the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover
Turnover represents sales of goods and services, excluding value added tax.

Turnover from contracts of more than one month in length is recognised throughout the duration of the contract.

Goodwill
Goodwill, represents the amounts paid in connection with the acquisition of businesses in 2007 and 2009. The goodwill has been amortised evenly over its estimated useful life of four years.

Intangible assets
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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Rental equipment - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 813,667 14,591 828,258
AMORTISATION
At 1st December 2022
and 30th November 2023 813,667 14,591 828,258
NET BOOK VALUE
At 30th November 2023 - - -
At 30th November 2022 - - -

PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Rental and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1st December 2022 185,028 12,538 62,698 260,264
Additions - - 13,609 13,609
Disposals (9,788 ) - - (9,788 )
At 30th November 2023 175,240 12,538 76,307 264,085
DEPRECIATION
At 1st December 2022 184,823 9,883 51,926 246,632
Charge for year 176 646 8,286 9,108
Eliminated on disposal (9,795 ) - - (9,795 )
At 30th November 2023 175,204 10,529 60,212 245,945
NET BOOK VALUE
At 30th November 2023 36 2,009 16,095 18,140
At 30th November 2022 205 2,655 10,772 13,632

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2022 275,837
Impairment provision (200,300 )
At 30th November 2023 75,537
NET BOOK VALUE
At 30th November 2023 75,537
At 30th November 2022 275,837

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 737,912 751,181
Amounts owed by group undertakings 985,541 670,751
Other debtors 84,748 77,200
1,808,201 1,499,132

PREMIER BUSINESS AUDIO LIMITED (REGISTERED NUMBER: 06329855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


7. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 776,411 643,525

Aggregate amounts 2,584,612 2,142,657

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45,332 59,766
Amounts owed to group undertakings 75,537 75,537
Taxation and social security 172,497 166,843
Other creditors 898,146 646,830
1,191,512 948,976

9. RELATED PARTY DISCLOSURES

Dividends of £395,000 (2022: £600,000) were paid to the parent company Broody Holdings Limited. At the year end Broody Holdings Limited owed the company £1,026,411 (2022: £893,525).

At the year end £75,537 (2022: £75,537) is owed to Advitel Limited a subsidiary company and £735,541 (2022: £420,751) is owed from Audencis Limited a subsidiary company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A J Buxton.