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Company Registration No. 11890270 (England and Wales)
CIRCLE ONE AUDIO VISUAL LIMITED Unaudited accounts for the year ended 31 March 2024
CIRCLE ONE AUDIO VISUAL LIMITED Unaudited accounts Contents
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CIRCLE ONE AUDIO VISUAL LIMITED Company Information for the year ended 31 March 2024
Director
A Humphrey
Company Number
11890270 (England and Wales)
Registered Office
THE MALTINGS EAST TYNDALL STREET CARDIFF CF24 5EA WALES
Accountants
williams lester accountants ltd 12 Cwrt Y Parc, Earlswood Road Llanishen Cardiff Cardiff CF14 5GH
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CIRCLE ONE AUDIO VISUAL LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,600 
7,700 
Tangible assets
10,223 
1,779 
16,823 
9,479 
Current assets
Inventories
8,809 
11,012 
Debtors
99,627 
204,118 
Cash at bank and in hand
37,649 
8,396 
146,085 
223,526 
Creditors: amounts falling due within one year
(99,464)
(177,140)
Net current assets
46,621 
46,386 
Total assets less current liabilities
63,444 
55,865 
Provisions for liabilities
Deferred tax
(338)
(338)
Net assets
63,106 
55,527 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
63,006 
55,427 
Shareholders' funds
63,106 
55,527 
For the 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. 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.
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 19 December 2024 and were signed on its behalf by
A Humphrey Director Company Registration No. 11890270
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CIRCLE ONE AUDIO VISUAL LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
CIRCLE ONE AUDIO VISUAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11890270. The registered office is THE MALTINGS, EAST TYNDALL STREET, CARDIFF, CF24 5EA, WALES.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
11,000 
At 31 March 2024
11,000 
Amortisation
At 1 April 2023
3,300 
Charge for the year
1,100 
At 31 March 2024
4,400 
Net book value
At 31 March 2024
6,600 
At 31 March 2023
7,700 
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CIRCLE ONE AUDIO VISUAL LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
3,528 
3,528 
Additions
11,000 
- 
11,000 
At 31 March 2024
11,000 
3,528 
14,528 
Depreciation
At 1 April 2023
- 
1,749 
1,749 
Charge for the year
2,200 
356 
2,556 
At 31 March 2024
2,200 
2,105 
4,305 
Net book value
At 31 March 2024
8,800 
1,423 
10,223 
At 31 March 2023
- 
1,779 
1,779 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
97,707 
202,198 
Accrued income and prepayments
1,920 
1,920 
99,627 
204,118 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21,764 
31,865 
VAT
44,335 
36,725 
Obligations under finance leases and hire purchase contracts
9,140 
- 
Trade creditors
18,798 
89,959 
Taxes and social security
12,541 
15,551 
Other creditors
758 
- 
Loans from directors
(10,272)
640 
Accruals
2,400 
2,400 
99,464 
177,140 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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