1 May 2023 v2024.43.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP035416622023-05-012024-04-30035416622024-04-30035416622023-04-3003541662core:WithinOneYear2024-04-3003541662core:WithinOneYear2023-04-3003541662core:ShareCapital2024-04-3003541662core:ShareCapital2023-04-3003541662core:SharePremium2024-04-3003541662core:SharePremium2023-04-3003541662core:RetainedEarningsAccumulatedLosses2024-04-3003541662core:RetainedEarningsAccumulatedLosses2023-04-3003541662bus:Director12023-05-012024-04-3003541662bus:RegisteredOffice2023-05-012024-04-3003541662core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-05-012024-04-3003541662core:LandBuildings2023-05-012024-04-3003541662core:PlantMachinery2023-05-012024-04-3003541662core:OfficeEquipment2023-05-012024-04-3003541662core:MotorVehicles2023-05-012024-04-30035416622022-05-012023-04-3003541662core:IntangibleAssetsOtherThanGoodwill2024-04-3003541662core:IntangibleAssetsOtherThanGoodwill2023-05-0103541662core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003541662core:IntangibleAssetsOtherThanGoodwill2023-04-3003541662core:LandBuildings2023-05-0103541662core:PlantMachinery2023-05-01035416622023-05-0103541662core:LandBuildings2024-04-3003541662core:PlantMachinery2024-04-3003541662core:LandBuildings2023-04-3003541662core:PlantMachinery2023-04-300354166212023-05-012024-04-3003541662countries:EnglandWales2023-05-012024-04-3003541662bus:AuditExemptWithAccountantsReport2023-05-012024-04-3003541662bus:PrivateLimitedCompanyLtd2023-05-012024-04-3003541662bus:SmallEntities2023-05-012024-04-3003541662bus:FullAccounts2023-05-012024-04-30
Company registration number:
03541662
Audiotech Services Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Audiotech Services Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Audiotech Services Ltd
Year ended
30 April 2024
As described on the statement of financial position, the Board of Directors of
Audiotech Services Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 April 2024
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Accounting & Office Management Ltd
Angela Button MAAT
Garfield House Farm
Midhopestones
SHEFFIELD
South Yorkshire
S36 4GW
United Kingdom
Date:
24 September 2024
Audiotech Services Ltd
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Intangible assets 5
1,101
 
1,468
 
Tangible assets 6
275,467
 
403,970
 
276,568
 
405,438
 
Current assets    
Stocks
6,000
 
92,768
 
Debtors 7
33,136
 
54,894
 
Cash at bank and in hand
269,077
 
258,307
 
308,213
 
405,969
 
Creditors: amounts falling due within one year 8
(14,689
)
(50,399
)
Net current assets
293,524
 
355,570
 
Total assets less current liabilities 570,092   761,008  
Capital and reserves    
Called up share capital
75
 
375
 
Share premium
2,859
 
2,859
 
Profit and loss account
567,158
 
757,774
 
Shareholders funds
570,092
 
761,008
 
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
23 September 2024
, and are signed on behalf of the board by:
Mr W D Ward
Director
Company registration number:
03541662
Audiotech Services Ltd
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 18
,
Wharncliffe Business Park
,
Carlton, Barnsley
,
S71 3HR
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

Since year end the company's trade from the rental of equipment will cease but the sale of equipment and property rental is to continue.

Turnover

Turnover is measured at the fair value of the consideration received or receivable on the rental and sale of equipment, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Development costs
25% Reducing Balance

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Property Improve 5% Straight line
Plant and machinery
25% Reducing Balance
Office equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
5.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 May 2023
and
30 April 2024
6,750
 
Amortisation  
At
1 May 2023
5,282
 
Charge
367
 
At
30 April 2024
5,649
 
Carrying amount  
At
30 April 2024
1,101
 
At 30 April 2023
1,468
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 May 2023
389,389
 
134,143
 
523,532
 
Additions
1,564
 
8,990
 
10,554
 
Disposals
(102,000
)
(50,154
)
(152,154
)
At
30 April 2024
288,953
 
92,979
 
381,932
 
Depreciation      
At
1 May 2023
30,501
 
89,061
 
119,562
 
Charge
1,266
 
6,365
 
7,631
 
Disposals -  
(20,728
)
(20,728
)
At
30 April 2024
31,767
 
74,698
 
106,465
 
Carrying amount      
At
30 April 2024
257,186
 
18,281
 
275,467
 
At 30 April 2023
358,888
 
45,082
 
403,970
 

7 Debtors

20242023
££
Trade debtors
16,560
 
32,160
 
Other debtors
16,576
 
22,734
 
33,136
 
54,894
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
12,021
 
6,112
 
Taxation and social security
29,157
 
29,534
 
Other creditors
(26,489
)
14,753
 
14,689
 
50,399
 

9 Guarantees and other financial commitments

A first legal charge over Unit 18, Wharncliffe Business Park, Carlton, Barnsley and it's associated assets. A debenture over the company's whole assets and Fixed and Floating charge over the undertaking.