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Registered number: 08309052
Acute Audio Productions Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Interax Accountancy Services Ltd
Unit 1 Status Business Park
Gannaway Lane
Tewkesbury
Gloucestershire
GL20 8FD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08309052
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 185,167 181,439
185,167 181,439
CURRENT ASSETS
Debtors 5 187,551 9,471
Cash at bank and in hand 21,985 41
209,536 9,512
Creditors: Amounts Falling Due Within One Year 6 (294,034 ) (41,710 )
NET CURRENT ASSETS (LIABILITIES) (84,498 ) (32,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,669 149,241
Creditors: Amounts Falling Due After More Than One Year 7 (82,771 ) (129,936 )
NET ASSETS 17,898 19,305
CAPITAL AND RESERVES
Called up share capital 8 3 1
Other reserves 20,895 22,304
Profit and Loss Account (3,000 ) (3,000 )
SHAREHOLDERS' FUNDS 17,898 19,305
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Giles Bristow
Director
29/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Acute Audio Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08309052 . The registered office is Interax Accountancy Services Ltd, Unit 1 Status Business Park, Gannaway Lane, Tewkwsbury, Glos, GL20 8FD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 113,253 54,874 3,190 10,122 181,439
Additions - 3,728 - - 3,728
As at 30 November 2023 113,253 58,602 3,190 10,122 185,167
Net Book Value
As at 30 November 2023 113,253 58,602 3,190 10,122 185,167
As at 1 December 2022 113,253 54,874 3,190 10,122 181,439
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 183,978 -
Other debtors 720 2,977
Other debtors (1) 1,999 -
Other debtors (2) 208 -
VAT 646 1,421
Director's loan account - 931
187,551 5,329
Due after more than one year
Trade debtors - 1,042
Other debtors - 3,100
- 4,142
187,551 9,471
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 70,724 -
Bank loans and overdrafts 167,836 3,013
Other creditors 23,008 22,124
Accruals and deferred income - 16,573
Director's loan account 32,466 -
294,034 41,710
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 99,074
Other loans 95,862 -
Other creditors (13,091 ) -
Directors loan account - 30,862
82,771 129,936
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 1
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9. Capital Commitments
2023 2022
£ £
At the end of the period - 17,418
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements

Purchse of Broadcast-Audio Sound Equipment

Total to be paid 20,901.60
To be paid in 6 monthly payments of 154.60
follwed by 3 monthly payments of 852


10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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