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REGISTERED NUMBER: 07787115 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HEARING AID UK LIMITED

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEARING AID UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A D Livermore
D Taylor
Mrs J L Livermore
Mrs C M Taylor





REGISTERED OFFICE: 6 Morton Lane
Redditch
Worcestershire
B97 5QA





REGISTERED NUMBER: 07787115 (England and Wales)





ACCOUNTANTS: Turner Accountants
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,839 5,638

CURRENT ASSETS
Debtors 5 321,210 324,598
Cash at bank 404,134 237,483
725,344 562,081
CREDITORS
Amounts falling due within one year 6 431,757 456,722
NET CURRENT ASSETS 293,587 105,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,426

110,997

PROVISIONS FOR LIABILITIES 7 1,315 1,071
NET ASSETS 298,111 109,926

CAPITAL AND RESERVES
Called up share capital 122 122
Capital redemption reserve 8 78 78
Retained earnings 8 297,911 109,726
SHAREHOLDERS' FUNDS 298,111 109,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





D Taylor - Director


HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Hearing Aid UK 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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 7 (2022 - 7 ) .

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 2,300 8,820 11,120
Additions - 2,488 2,488
At 31 October 2023 2,300 11,308 13,608
DEPRECIATION
At 1 November 2022 1,006 4,476 5,482
Charge for year 324 1,963 2,287
At 31 October 2023 1,330 6,439 7,769
NET BOOK VALUE
At 31 October 2023 970 4,869 5,839
At 31 October 2022 1,294 4,344 5,638

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 311,167 291,356
Other debtors 10,043 33,242
321,210 324,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 198,810 265,152
Taxation and social security 146,990 58,470
Other creditors 85,957 133,100
431,757 456,722

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,315 1,071

Deferred
tax
£   
Balance at 1 November 2022 1,071
Provided during year 244
Balance at 31 October 2023 1,315

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2022 109,726 78 109,804
Profit for the year 418,491 418,491
Dividends (230,306 ) (230,306 )
At 31 October 2023 297,911 78 297,989