Company Registration No. SC306104 (Scotland)
IAN WOOD AUDIO LIMITED
Unaudited accounts
for the year ended 31 July 2024
IAN WOOD AUDIO LIMITED
Unaudited accounts
Contents
IAN WOOD AUDIO LIMITED
Company Information
for the year ended 31 July 2024
Company Number
SC306104 (Scotland)
Registered Office
3 OAK DRIVE
PORTLETHEN
ABERDEENSHIRE
AB12 4XF
United Kingdom
Accountants
Pevensie Consulting Ltd
34 Falmouth Avenue
Cambridge
Cambs
CB3 0UF
IAN WOOD AUDIO LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
2,992
2,101
Cash at bank and in hand
3,418
4,269
Creditors: amounts falling due within one year
(3,140)
(7,983)
Net current assets
6,251
5,067
Called up share capital
51
51
Profit and loss account
9,192
7,117
Shareholders' funds
9,243
7,168
For the year ending 31 July 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 1 October 2024 and were signed on its behalf by
Ian Wood
Director
Company Registration No. SC306104
IAN WOOD AUDIO LIMITED
Notes to the Accounts
for the year ended 31 July 2024
IAN WOOD AUDIO LIMITED is a private company, limited by shares, registered in Scotland, registration number SC306104. The registered office is 3 OAK DRIVE, PORTLETHEN, ABERDEENSHIRE, AB12 4XF, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
-
3,407
3,407
At 31 July 2024
80
4,770
4,850
At 1 August 2023
-
1,306
1,306
Charge for the year
-
772
772
At 31 July 2024
-
1,858
1,858
At 31 July 2024
80
2,912
2,992
At 31 July 2023
-
2,101
2,101
IAN WOOD AUDIO LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,580
5,605
Loans from directors
37
85
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).