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REGISTERED NUMBER: 08010945 (England and Wales)













COUNTRYWIDE HEARING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






COUNTRYWIDE HEARING LIMITED (REGISTERED NUMBER: 08010945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COUNTRYWIDE HEARING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K L Davies
B P Davies
M P Jones
K R Jones





SECRETARY: K L Davies





REGISTERED OFFICE: 30 Stanley Street
Mumbles
Swansea
SA3 4NE





REGISTERED NUMBER: 08010945 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

COUNTRYWIDE HEARING LIMITED (REGISTERED NUMBER: 08010945)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,371 55,275

CURRENT ASSETS
Stocks 863 1,083
Debtors 5 412,018 383,664
Cash at bank and in hand 946,373 1,289,292
1,359,254 1,674,039
CREDITORS
Amounts falling due within one year 6 1,241,290 1,451,208
NET CURRENT ASSETS 117,964 222,831
TOTAL ASSETS LESS CURRENT LIABILITIES 195,335 278,106

PROVISIONS FOR LIABILITIES 7,331 7,331
NET ASSETS 188,004 270,775

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 187,904 270,675
188,004 270,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

COUNTRYWIDE HEARING LIMITED (REGISTERED NUMBER: 08010945)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by:




K L Davies - Director



K R Jones - Director


COUNTRYWIDE HEARING LIMITED (REGISTERED NUMBER: 08010945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Countrywide Hearing 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.

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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold property improvements4% p.a. on a straight line basis
Fixtures and fittings25% p.a. on a reducing balance basis
Motor vehicles25% p.a. on a reducing balance basis

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

COUNTRYWIDE HEARING LIMITED (REGISTERED NUMBER: 08010945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 64,486 32,967 97,453
Additions 10,921 38,813 49,734
Disposals (24,620 ) - (24,620 )
At 31 March 2024 50,787 71,780 122,567
DEPRECIATION
At 1 April 2023 31,876 10,302 42,178
Charge for year 9,819 12,135 21,954
Eliminated on disposal (18,936 ) - (18,936 )
At 31 March 2024 22,759 22,437 45,196
NET BOOK VALUE
At 31 March 2024 28,028 49,343 77,371
At 31 March 2023 32,610 22,665 55,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 345,400 368,235
Other debtors 66,618 15,429
412,018 383,664

COUNTRYWIDE HEARING LIMITED (REGISTERED NUMBER: 08010945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 614,428 718,159
Amounts owed to group undertakings 354,600 488,780
Taxation and social security 238,005 196,522
Other creditors 34,257 47,747
1,241,290 1,451,208

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is an amount of £129 (2023 - £129), which is owed to the company by one of its directors. The balance was repaid to the company after the year end.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mrs K L Davies and Mr B P Davies, by virtue of their shareholdings in the parent company, Ted Hearing Group Limited, a company registered in England and Wales.