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REGISTERED NUMBER: 09379486 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

AUDIO UNDERGROUND LIMITED

AUDIO UNDERGROUND LIMITED (Registered number: 09379486)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUDIO UNDERGROUND LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S Griffin
L Hopkins





SECRETARY:





REGISTERED OFFICE: Suite 7 North Wing Warlies Park House
Horseshoehilll, Waltham Abbey, Essex
London
EN9 3SL





REGISTERED NUMBER: 09379486 (England and Wales)





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

AUDIO UNDERGROUND LIMITED (Registered number: 09379486)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,970 15,985

CURRENT ASSETS
Debtors 5 4,161 2,991
Cash at bank and in hand 4,715 869
8,876 3,860
CREDITORS
Amounts falling due within one year 6 135,291 142,999
NET CURRENT LIABILITIES (126,415 ) (139,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(112,445

)

(123,154

)

CREDITORS
Amounts falling due after more than one
year

7

21,745

25,000
NET LIABILITIES (134,190 ) (148,154 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (134,191 ) (148,155 )
SHAREHOLDERS' FUNDS (134,190 ) (148,154 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

AUDIO UNDERGROUND LIMITED (Registered number: 09379486)

Balance Sheet - continued
31 January 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 7 October 2024 and were signed on its behalf by:





S Griffin - Director


AUDIO UNDERGROUND LIMITED (Registered number: 09379486)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

AUDIO UNDERGROUND 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

AUDIO UNDERGROUND LIMITED (Registered number: 09379486)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 22,360 21,006 43,366
DEPRECIATION
At 1 February 2023 9,157 18,224 27,381
Charge for year 1,320 695 2,015
At 31 January 2024 10,477 18,919 29,396
NET BOOK VALUE
At 31 January 2024 11,883 2,087 13,970
At 31 January 2023 13,203 2,782 15,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,161 2,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans 37,555 40,555
Trade creditors 1,251 1,564
Tax 1,310 -
VAT 815 484
Directors' current accounts 91,678 97,928
Accrued expenses 2,682 2,468
135,291 142,999

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 21,745 25,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 ordinary share 1 1 1

AUDIO UNDERGROUND LIMITED (Registered number: 09379486)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (148,155 )
Profit for the year 13,964
At 31 January 2024 (134,191 )