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Company No: 03386252 (England and Wales)

ATLANTIC AUDIO LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

ATLANTIC AUDIO LIMITED

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 May 2024

Contents

ATLANTIC AUDIO LIMITED

BALANCE SHEET

As at 31 May 2024
ATLANTIC AUDIO LIMITED

BALANCE SHEET (continued)

For the financial year ended 31 May 2024
2024 2023
£ £
Fixed assets 88,824 109,043
Current assets 6,909 74,208
Creditors: amounts falling due within one year ( 39,982) ( 21,024)
Net current (liabilities)/assets ( 33,073) 53,184
Total assets less current liabilities 55,751 162,227
Creditors: amounts falling due after more than one year ( 54,715) ( 71,902)
Accruals and deferred income ( 1,085) ( 1,282)
Net (liabilities)/assets ( 49) 89,043
Capital and reserves ( 49) 89,043

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

Directors' responsibilities:

The financial statements of Atlantic Audio Limited (registered number: 03386252) were approved and authorised for issue by the Board of Directors on 14 January 2025 and were signed on its behalf by:

Mr N P Say
Director
ATLANTIC AUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
ATLANTIC AUDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 May 2024

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 03386252). The address of its registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the financial year, including directors 3 3

3. Directors’ benefits: advances, credit and guarantees

Advances

The Directors' loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 June 2023, the balance owed to the Directors was £836. During the year, £146,008 was advanced and £144,375 was repaid. The balance owed by the Directors as at 31 May 2024 was £797.

At 1 June 2022, the balance owed to the Directors was £326. During the year, £124,053 was advanced and £124,563 was repaid. The balance owed to the Directors as at 31 May 2023 was £836.