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REGISTERED NUMBER: 03917465 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

AUDIO RELATED TECHNOLOGY LIMITED

AUDIO RELATED TECHNOLOGY LIMITED (REGISTERED NUMBER: 03917465)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUDIO RELATED TECHNOLOGY LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: D Crimmins
S Griffett





SECRETARY: D Crimmins





REGISTERED OFFICE: Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF





REGISTERED NUMBER: 03917465 (England and Wales)





ACCOUNTANTS: COLIN GRAY & CO. LIMITED
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF

AUDIO RELATED TECHNOLOGY LIMITED (REGISTERED NUMBER: 03917465)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,802 15,447
Investments 5 - 100
16,802 15,547

CURRENT ASSETS
Stocks 16,437 8,250
Debtors 6 30,167 34,645
Cash at bank 55,854 81,658
102,458 124,553
CREDITORS
Amounts falling due within one year 7 80,058 82,716
NET CURRENT ASSETS 22,400 41,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,202

57,384

CREDITORS
Amounts falling due after more than one
year

8

24,231

33,865
NET ASSETS 14,971 23,519

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 14,869 23,417
SHAREHOLDERS' FUNDS 14,971 23,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

AUDIO RELATED TECHNOLOGY LIMITED (REGISTERED NUMBER: 03917465)

BALANCE SHEET - continued
28 February 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 6 February 2024 and were signed on its behalf by:




D Crimmins - Director



S Griffett - Director


AUDIO RELATED TECHNOLOGY LIMITED (REGISTERED NUMBER: 03917465)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Audio Related Technology 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 represents the value of work done and services provided during the year, excluding value added tax.

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 etc - 15% on reducing balance

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.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

AUDIO RELATED TECHNOLOGY LIMITED (REGISTERED NUMBER: 03917465)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 48,403
Additions 4,319
At 28 February 2023 52,722
DEPRECIATION
At 1 March 2022 32,956
Charge for year 2,964
At 28 February 2023 35,920
NET BOOK VALUE
At 28 February 2023 16,802
At 28 February 2022 15,447

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022 100
Disposals (100 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,830 27,357
Other debtors 5,337 7,288
30,167 34,645

AUDIO RELATED TECHNOLOGY LIMITED (REGISTERED NUMBER: 03917465)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,648 9,648
Trade creditors 42,288 49,141
Taxation and social security 10,661 13,622
Other creditors 17,461 10,305
80,058 82,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,231 33,865