Company Registration No. 2958175 (England and Wales)
Radiovox Limited
Unaudited accounts
for the year ended 30 September 2024
Radiovox Limited
Unaudited accounts
Contents
Radiovox Limited
Company Information
for the year ended 30 September 2024
Company Number
2958175 (England and Wales)
Registered Office
8 Chatsworth Drive
Wetherby
LS22 6XY
Radiovox Limited
Statement of financial position
as at 30 September 2024
Tangible assets
8,705
10,882
Investment property
611,000
883,000
Cash at bank and in hand
287,275
55,438
Creditors: amounts falling due within one year
(16,241)
(6,472)
Net current assets
272,087
50,862
Total assets less current liabilities
891,792
944,744
Provisions for liabilities
Deferred tax
(39,728)
(39,728)
Net assets
852,064
905,016
Called up share capital
2
2
Revaluation reserve
211,034
213,000
Profit and loss account
641,028
692,014
Shareholders' funds
852,064
905,016
For the year ending 30 September 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 18 October 2024 and were signed on its behalf by
C Snodgrass
Director
Company Registration No. 2958175
Radiovox Limited
Notes to the Accounts
for the year ended 30 September 2024
Radiovox Limited is a private company, limited by shares, registered in England and Wales, registration number 2958175. The registered office is 8 Chatsworth Drive, Wetherby, LS22 6XY.
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.
Turnover represents amounts receivable for goods and services at the point when the company has a right to the income, net of VAT. Sound equipment sales have historically not required remedial work and so no warranty adjustments are required to sales for goods despatched.
Tangible fixed assets policy
All fixed assets are inititally recorded at cost. Cost includes the original purchase price of the asset and the cost attributable to bringing the asset to its current working condition for its intended use. Depreciation is charged so as to write off the cost of tangible assets, less residual value, over the useful economic life of that asset as follows:
Land & buildings
Over 20 Years
Motor vehicles
Over 4 years
Fixtures & fittings
Over 8 years
Computer equipment
Over 3 years
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the Profit & Loss Account.
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Work in progress is valued on the basis of direct costs plus attibutable overheads based on a normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Radiovox Limited
Notes to the Accounts
for the year ended 30 September 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total
At 30 September 2024
47,360
At 30 September 2024
38,655
At 30 September 2024
8,705
At 30 September 2023
10,882
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).