Company Registration No. 11944173 (England and Wales)
Audiomob Ltd
Unaudited accounts
for the period from 1 November 2022 to 31 December 2023
Audiomob Ltd
Unaudited accounts
Contents
Audiomob Ltd
Company Information
for the period from 1 November 2022 to 31 December 2023
Directors
Christian Facey
Michael Cheung
Wilfrid Obeng-Boakye
Company Number
11944173 (England and Wales)
Registered Office
71-75 Shelton Street
Convent Garden
London
WC2H 9JQ
England
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Audiomob Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
166,967
267,707
Cash at bank and in hand
948,427
5,202,805
Creditors: amounts falling due within one year
(2,457,609)
(578,719)
Net current (liabilities)/assets
(54,866)
5,156,284
Total assets less current liabilities
112,101
5,423,991
Creditors: amounts falling due after more than one year
(26,978)
(72,016)
Net assets
85,123
5,351,975
Called up share capital
1,494
1,240
Share premium
9,362,498
9,359,603
Profit and loss account
(9,278,869)
(4,008,868)
Shareholders' funds
85,123
5,351,975
For the period ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Wilfrid Obeng-Boakye
Director
Company Registration No. 11944173
Audiomob Ltd
Notes to the Accounts
for the period from 1 November 2022 to 31 December 2023
Audiomob Ltd is a private company, limited by shares, registered in England and Wales, registration number 11944173. The registered office is 71-75 Shelton Street, Convent Garden, London, WC2H 9JQ, England.
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 period, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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
Computer equipment
20% reducing balance
Expenditure on research and development is written off in the year in which it is incurred.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Audiomob Ltd
Notes to the Accounts
for the period from 1 November 2022 to 31 December 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
76,789
257,577
334,366
Additions
7,256
22,336
29,592
At 31 December 2023
84,045
279,913
363,958
At 1 November 2022
10,606
56,053
66,659
Charge for the period
28,465
101,867
130,332
At 31 December 2023
39,071
157,920
196,991
At 31 December 2023
44,974
121,993
166,967
At 31 October 2022
66,183
201,524
267,707
Amounts falling due within one year
Trade debtors
1,107,492
390,536
Accrued income and prepayments
189,591
92,442
Other debtors
157,233
49,220
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
577,107
522,625
Taxes and social security
41,059
30,079
Other creditors
1,252,206
19,523
Loans from directors
3,992
3,992
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
26,978
72,016
8
Average number of employees
During the period the average number of employees was 38 (2022: 44).