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REGISTERED NUMBER: 07326572 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

RSH Audio Limited

RSH Audio Limited (Registered number: 07326572)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RSH Audio Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J J Haycocks





REGISTERED OFFICE: 42 Acorn Industrial Park
Crayford Road
Crayford
Dartford
Greater London
DA1 4AL





REGISTERED NUMBER: 07326572 (England and Wales)





ACCOUNTANTS: Accounting Innovations Limited
97 Leigh Road
Eastleigh
Hampshire
SO50 9DR

RSH Audio Limited (Registered number: 07326572)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,616,085 1,113,991

CURRENT ASSETS
Stocks 12,699 12,202
Debtors 5 185,597 174,409
Cash at bank and in hand 25,157 47,778
223,453 234,389
CREDITORS
Amounts falling due within one year 6 348,107 255,351
NET CURRENT LIABILITIES (124,654 ) (20,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,431

1,093,029

CREDITORS
Amounts falling due after more than one
year

7

385,512

163,526
NET ASSETS 1,105,919 929,503

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 206,884 206,884
Retained earnings 898,935 722,519
SHAREHOLDERS' FUNDS 1,105,919 929,503

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

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

The director acknowledges his 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.

RSH Audio Limited (Registered number: 07326572)

Balance Sheet - continued
31 December 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 director and authorised for issue on 4 September 2024 and were signed by:





J J Haycocks - Director


RSH Audio Limited (Registered number: 07326572)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

RSH Audio 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 as modified by the revaluation of certain assets.

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 etc - 25% on cost and not provided

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.

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 11 (2022 - 9 ) .

RSH Audio Limited (Registered number: 07326572)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 6,959 1,556,246 34,519 11,090 1,608,814
Additions - 511,874 622 1,259 513,755
At 31 December 2023 6,959 2,068,120 35,141 12,349 2,122,569
DEPRECIATION
At 1 January 2023 773 475,088 12,842 6,120 494,823
Charge for year 773 - 8,188 2,700 11,661
At 31 December 2023 1,546 475,088 21,030 8,820 506,484
NET BOOK VALUE
At 31 December 2023 5,413 1,593,032 14,111 3,529 1,616,085
At 31 December 2022 6,186 1,081,158 21,677 4,970 1,113,991

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2022 - 206,884 - - 206,884
Cost 6,959 1,861,236 35,141 12,349 1,915,685
6,959 2,068,120 35,141 12,349 2,122,569

Plant and equipment was valued on an open market basis on 31 December 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 169,698 158,010
Other debtors 15,899 16,399
185,597 174,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 25,000 25,000
Hire purchase contracts 145,972 87,697
Trade creditors 98,805 62,490
Taxation and social security 29,623 58,791
Other creditors 48,707 21,373
348,107 255,351

RSH Audio Limited (Registered number: 07326572)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 66,667 91,667
Hire purchase contracts 318,845 71,859
385,512 163,526

8. RESERVES
Revaluation
reserve
£   
Revaluation of plant 206,884

At 31 December 2023 206,884