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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
Page
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Audiomob Ltd Company Information for the period from 1 November 2022 to 31 December 2023
Directors
Christian Facey Michael Cheung Wilfrid Obeng-Boakye
Secretary
Christian Facey
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
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Audiomob Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
166,967 
267,707 
Current assets
Debtors
1,454,316 
532,198 
Cash at bank and in hand
948,427 
5,202,805 
2,402,743 
5,735,003 
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 
Capital and reserves
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
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Audiomob Ltd Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
44,974 
121,993 
166,967 
At 31 October 2022
66,183 
201,524 
267,707 
5
Debtors
2023 
2022 
£ 
£ 
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 
1,454,316 
532,198 
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 
Accruals
583,245 
2,500 
2,457,609 
578,719 
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).
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