SSE AUDIO GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 25 FEBRUARY 2024
The directors present their report and the financial statements for the year ended 25 February 2024.
The company did not trade during the period ended 25 February 2024 and the prior period.
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 5 November 2024 and signed on its behalf.
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SSE AUDIO GROUP LIMITED
REGISTERED NUMBER: 03596456
BALANCE SHEET
AS AT 25 FEBRUARY 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 25 February 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2024.
The notes on pages 3 to 4 form part of these financial statements.
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SSE AUDIO GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 FEBRUARY 2024
SSE Audio Group Limited is a private company, limited by shares, registered in England. The address of the registered office is Unit 1 Connexion, 11 Blythe Gate, Solihull, Birmingham B90 8SX.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Investments in subsidiary undertakings are recognised at cost less impairment..
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including the directors, during the year was as follows:
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Investments in subsidiary companies
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SSE AUDIO GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 FEBRUARY 2024
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Creditors: Amounts falling due within one year
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Related party transactions
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries of the group.
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The ultimate parent company is Groupe Solotech Inc (a company registered in Canada). The immediate UK parent company is SSE Audio Group Holdings Limited (registered in England).
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