Mr Punch Audiobooks Ltd 13280209 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Production of Audiobooks Digita Accounts Production Advanced 6.30.9574.0 true true 13280209 2023-04-01 2024-03-31 13280209 2024-03-31 13280209 bus:Director1 1 2024-03-31 13280209 bus:Director2 1 2024-03-31 13280209 bus:OrdinaryShareClass1 2024-03-31 13280209 core:CurrentFinancialInstruments 2024-03-31 13280209 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13280209 core:Non-currentFinancialInstruments 2024-03-31 13280209 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13280209 core:OtherResidualIntangibleAssets 2024-03-31 13280209 core:FurnitureFittingsToolsEquipment 2024-03-31 13280209 bus:SmallEntities 2023-04-01 2024-03-31 13280209 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13280209 bus:FullAccounts 2023-04-01 2024-03-31 13280209 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13280209 bus:RegisteredOffice 2023-04-01 2024-03-31 13280209 bus:Director1 2023-04-01 2024-03-31 13280209 bus:Director1 1 2023-04-01 2024-03-31 13280209 bus:Director2 2023-04-01 2024-03-31 13280209 bus:Director2 1 2023-04-01 2024-03-31 13280209 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13280209 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13280209 core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-01 2024-03-31 13280209 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 13280209 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13280209 core:OfficeEquipment 2023-04-01 2024-03-31 13280209 countries:AllCountries 2023-04-01 2024-03-31 13280209 2023-03-31 13280209 bus:Director1 1 2023-03-31 13280209 bus:Director2 1 2023-03-31 13280209 core:FurnitureFittingsToolsEquipment 2023-03-31 13280209 2022-04-01 2023-03-31 13280209 2023-03-31 13280209 bus:Director1 1 2023-03-31 13280209 bus:Director2 1 2023-03-31 13280209 bus:OrdinaryShareClass1 2023-03-31 13280209 core:CurrentFinancialInstruments 2023-03-31 13280209 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13280209 core:Non-currentFinancialInstruments 2023-03-31 13280209 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 13280209 core:FurnitureFittingsToolsEquipment 2023-03-31 13280209 bus:Director1 1 2022-04-01 2023-03-31 13280209 bus:Director2 1 2022-04-01 2023-03-31 13280209 bus:Director1 1 2022-03-31 13280209 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13280209

Mr Punch Audiobooks Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Mr Punch Audiobooks Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Mr Punch Audiobooks Ltd

Company Information

Directors

Mr Stewart George Richards

Billy Richards

Registered office

2 Fairlawn Wharf
East St. Helen Street
Abingdon
Oxfordshire
OX14 5ED

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Mr Punch Audiobooks Ltd

(Registration number: 13280209)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

3,000

-

Tangible assets

5

1,323

1,765

 

4,323

1,765

Current assets

 

Debtors

6

5,137

11,478

Cash at bank and in hand

 

2,718

10,368

 

7,855

21,846

Creditors: Amounts falling due within one year

7

(12,010)

(2,479)

Net current (liabilities)/assets

 

(4,155)

19,367

Total assets less current liabilities

 

168

21,132

Creditors: Amounts falling due after more than one year

7

(68,283)

(64,869)

Net liabilities

 

(68,115)

(43,737)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(68,116)

(43,738)

Shareholders' deficit

 

(68,115)

(43,737)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 November 2024 and signed on its behalf by:
 

 

Mr Punch Audiobooks Ltd

(Registration number: 13280209)
Balance Sheet as at 31 March 2024

.........................................
Mr Stewart George Richards
Director

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Fairlawn Wharf
East St. Helen Street
Abingdon
Oxfordshire
OX14 5ED
England

These financial statements were authorised for issue by the Board on 22 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Written down value at 25%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible Assets

Written down value at 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

4,000

4,000

At 31 March 2024

4,000

4,000

Amortisation

Amortisation charge

1,000

1,000

At 31 March 2024

1,000

1,000

Carrying amount

At 31 March 2024

3,000

3,000

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,354

2,354

At 31 March 2024

2,354

2,354

Depreciation

At 1 April 2023

589

589

Charge for the year

442

442

At 31 March 2024

1,031

1,031

Carrying amount

At 31 March 2024

1,323

1,323

At 31 March 2023

1,765

1,765

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

5,137

11,478

 

5,137

11,478

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

125

Accruals and deferred income

600

600

Other creditors

11,410

1,754

12,010

2,479

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

68,283

64,869

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

68,283

64,869

 

Mr Punch Audiobooks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Mr Stewart George Richards

Amount owed to/ (from)

(7,766)

6,809

(957)

       
     

Billy Richards

Owed to / (from)

1,754

9,656

11,410

       
     

 

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr Stewart George Richards

Amount owed to/ (from)

(4,270)

(3,496)

(7,766)

       
     

Billy Richards

Owed to / (from)

14,058

(12,304)

1,754