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Company Registration No. 10245105 (England and Wales)
Audiospace Digital Ltd Unaudited accounts for the year ended 30 June 2024
Audiospace Digital Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
58,180 
65,453 
Current assets
Cash at bank and in hand
42 
528 
Creditors: amounts falling due within one year
(53,093)
(62,477)
Net current liabilities
(53,051)
(61,949)
Total assets less current liabilities
5,129 
3,504 
Creditors: amounts falling due after more than one year
(7,673)
(7,328)
Net liabilities
(2,544)
(3,824)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,644)
(3,924)
Shareholders' funds
(2,544)
(3,824)
For the year ending 30 June 2024 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 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 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 and authorised for issue on 18 September 2024 and were signed on its behalf by
Scott John MYERS Director Company Registration No. 10245105
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Audiospace Digital Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Audiospace Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 10245105. The registered office is Unit 10 Croydon Street, Leeds, LS11 9RT, 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
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
88,688 
At 30 June 2024
88,688 
Amortisation
At 1 July 2023
23,235 
Charge for the year
7,273 
At 30 June 2024
30,508 
Net book value
At 30 June 2024
58,180 
At 30 June 2023
65,453 
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Audiospace Digital Ltd Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
3,000 
Other creditors
52,808 
59,477 
Accruals
285 
- 
53,093 
62,477 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,333 
7,328 
Other creditors
340 
- 
7,673 
7,328 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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