AUDIOLINK LIMITED

Company Registration Number:
01238900 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

AUDIOLINK LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

AUDIOLINK LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,648,210 1,618,562
Total fixed assets: 1,648,210 1,618,562
Current assets
Stocks: 628,991 592,218
Debtors: 4 1,697,919 1,584,220
Cash at bank and in hand: 327,909 374,334
Total current assets: 2,654,819 2,550,772
Creditors: amounts falling due within one year:   (1,071,729) (1,010,570)
Net current assets (liabilities): 1,583,090 1,540,202
Total assets less current liabilities: 3,231,300 3,158,764
Creditors: amounts falling due after more than one year:   (20,867) (1,253)
Provision for liabilities: (412,053) (307,527)
Total net assets (liabilities): 2,798,380 2,849,984
Capital and reserves
Called up share capital: 3,158 3,158
Share premium account: 24,842 24,842
Other reserves: 32,000 32,000
Profit and loss account: 2,738,380 2,789,984
Shareholders funds: 2,798,380 2,849,984

The notes form part of these financial statements

AUDIOLINK LIMITED

Balance sheet statements

For the year ending 31 January 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 28 October 2024
and signed on behalf of the board by:

Name: PHILIP JAMES HEAPHY
Status: Director

The notes form part of these financial statements

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Motor vehicles 25% on a reducing balance basis Fixtures and fittings 20% on cost Plant and machinery 25% on cost

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 26 25

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 4,773,989
Additions 694,870
Disposals (429,917)
At 31 January 2024 5,038,942
Depreciation
At 01 February 2023 3,155,427
Charge for year 518,242
On disposals (282,937)
At 31 January 2024 3,390,732
Net book value
At 31 January 2024 1,648,210
At 31 January 2023 1,618,562

AUDIOLINK LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0