Company registration number 02664986 (England and Wales)
A T & C AUDIO TECHNOLOGY & COMMUNICATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
A T & C AUDIO TECHNOLOGY & COMMUNICATIONS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
A T & C AUDIO TECHNOLOGY & COMMUNICATIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
2
65,099
65,099
Cash at bank and in hand
1,342
1,342
66,441
66,441
Creditors: amounts falling due within one year
3
(3,680)
(3,680)
Net current assets
62,761
62,761
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
4
61,761
61,761
Total equity
62,761
62,761

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 February 2025
Mr P Menton
Director
Company registration number 02664986 (England and Wales)
A T & C AUDIO TECHNOLOGY & COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

A T & C Audio Technology & Communications Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Leman Street, London, E1WS 9US.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resource and support in place to continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and is made up of cash in hand.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

A T & C AUDIO TECHNOLOGY & COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
2
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
65,099
65,099
3
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
3,577
3,577
Other creditors
60
60
Accruals and deferred income
43
43
3,680
3,680
4
Reserves
Profit and loss reserves

Retained earnings represents accumulated comprehensive income for the year and prior periods.

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