FOURIER AUDIO LTD

Company Registration Number:
13122782 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 February 2023

End date: 31 March 2024

FOURIER AUDIO LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FOURIER AUDIO LTD

Balance sheet

As at 31 March 2024


Notes

14 months to 31 March 2024

2023


£

£
Fixed assets
Intangible assets: 3 388,873 0
Tangible assets: 4 9,046 8,642
Investments:   0 0
Total fixed assets: 397,919 8,642
Current assets
Stocks: 0 0
Debtors: 5 22,092 4,812
Cash at bank and in hand: 133,096 63,259
Total current assets: 155,188 68,071
Creditors: amounts falling due within one year:   (721,778) (13,066)
Net current assets (liabilities): (566,590) 55,005
Total assets less current liabilities: (168,671) 63,647
Creditors: amounts falling due after more than one year:   (92,405) (30,337)
Total net assets (liabilities): (261,076) 33,310
Capital and reserves
Called up share capital: 1,154 1,137
Share premium account: 254,972 249,733
Profit and loss account: (517,202) (217,560)
Shareholders funds: (261,076) 33,310

The notes form part of these financial statements

FOURIER AUDIO LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Anthony Booker
Status: Director

The notes form part of these financial statements

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

14 months to 31 March 2024 2023
Average number of employees during the period 8 5

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 0
Additions 464,864
At 31 March 2024 464,864
Amortisation
At 01 February 2023 0
Charge for year 75,991
At 31 March 2024 75,991
Net book value
At 31 March 2024 388,873
At 31 January 2023 0

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 10,444
Additions 3,724
At 31 March 2024 14,168
Depreciation
At 01 February 2023 1,802
Charge for year 3,320
At 31 March 2024 5,122
Net book value
At 31 March 2024 9,046
At 31 January 2023 8,642

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

14 months to 31 March 2024 2023
££
Debtors due after more than one year: 0 0

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Related party transactions

The company has taken advantage of the exemption under the terms of FRS 102 from disclosing related party transactions with entities that are wholly owned by Audiotonix Holdings Limited and form part of the Audiotonix Holdings Limited group provided these are included in the consolidated group accounts.

FOURIER AUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Post balance sheet events

Subsequent to the year end, on 22 April 2024, the group agreed to sell the entire share capital of the ultimate parent Company Audiotonix Holdings Limited to Aerosmith BidCo Limited, with completion taking place on 23 July 2024. As part of the transaction the group refinanced its existing bank loans. The existing Facility B, acquisition credit facility and rolling credit facility were repaid in full. These have been replaced by a Facility B loan with a new lender and an incremental delayed draw term loan, which is intended to support the group making acquisitions, along with a new rolling credit facility. The new loans have an interest rate of US Libor + 5.25%.