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REGISTERED NUMBER: 10447084 (England and Wales)















Unaudited Financial Statements

for the Period 31 December 2022 to 29 December 2023

for

Amplify Hearing Ltd

Amplify Hearing Ltd (Registered number: 10447084)






Contents of the Financial Statements
for the Period 31 December 2022 to 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amplify Hearing Ltd

Company Information
for the Period 31 December 2022 to 29 December 2023







DIRECTORS: P S Clack
I Hakim
D Murphy
D Cope
P J Turner





SECRETARY:





REGISTERED OFFICE: India Mill Business Centre
Bolton Road
Darwen
BB3 1AE





REGISTERED NUMBER: 10447084 (England and Wales)

Amplify Hearing Ltd (Registered number: 10447084)

Balance Sheet
29 December 2023

29.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 100
Tangible assets 5 13,526 4,614
Investments 6 145,869 200,160
159,395 204,874

CURRENT ASSETS
Debtors 7 1,021,430 288,608
Cash at bank 415,637 72,875
1,437,067 361,483
CREDITORS
Amounts falling due within one year 8 435,021 159,557
NET CURRENT ASSETS 1,002,046 201,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,441

406,800

CREDITORS
Amounts falling due after more than
one year

9

(871,480

)

(871,480

)

PROVISIONS FOR LIABILITIES (3,382 ) -
NET ASSETS/(LIABILITIES) 286,579 (464,680 )

Amplify Hearing Ltd (Registered number: 10447084)

Balance Sheet - continued
29 December 2023

29.12.23 30.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 286,479 (464,780 )
SHAREHOLDERS' FUNDS 286,579 (464,680 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 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.

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 24 October 2024 and were signed on its behalf by:





D Murphy - Director


Amplify Hearing Ltd (Registered number: 10447084)

Notes to the Financial Statements
for the Period 31 December 2022 to 29 December 2023

1. STATUTORY INFORMATION

Amplify Hearing Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 period 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 period 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.

Amplify Hearing Ltd (Registered number: 10447084)

Notes to the Financial Statements - continued
for the Period 31 December 2022 to 29 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2022 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2022
and 29 December 2023 2,000
AMORTISATION
At 31 December 2022 1,900
Charge for period 100
At 29 December 2023 2,000
NET BOOK VALUE
At 29 December 2023 -
At 30 December 2022 100

Amplify Hearing Ltd (Registered number: 10447084)

Notes to the Financial Statements - continued
for the Period 31 December 2022 to 29 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2022 8,013
Additions 11,989
At 29 December 2023 20,002
DEPRECIATION
At 31 December 2022 3,399
Charge for period 3,077
At 29 December 2023 6,476
NET BOOK VALUE
At 29 December 2023 13,526
At 30 December 2022 4,614

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29.12.23 30.12.22
£    £   
Share based Investments 145,869 200,160

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Trade debtors 87,242 58,249
Other debtors 934,188 230,359
1,021,430 288,608

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Bank loans and overdrafts - 2,794
Trade creditors 89,638 60,359
Taxation and social security 42,841 39,741
Other creditors 302,542 56,663
435,021 159,557

Amplify Hearing Ltd (Registered number: 10447084)

Notes to the Financial Statements - continued
for the Period 31 December 2022 to 29 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.12.23 30.12.22
£    £   
Other creditors 871,480 871,480

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 871,480 871,480