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Company Registration No. 07319668 (England and Wales)
ECHOIC AUDIO LIMITED Unaudited accounts for the year ended 31 July 2024
ECHOIC AUDIO LIMITED Unaudited accounts Contents
Page
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ECHOIC AUDIO LIMITED Company Information for the year ended 31 July 2024
Directors
T Gilbert D Johnston
Company Number
07319668 (England and Wales)
Registered Office
17 LOWER GROUND FLOOR, TYNDALL HOUSE 17 WHITELADIES ROAD BRISTOL AVON BS8 1PB UNITED KINGDOM
Accountants
P B S Accounting Services Ltd Adcroft House 15 Roath Road Portishead North Somerset BS20 6AW
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ECHOIC AUDIO LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,994 
40,166 
Current assets
Inventories
7,600 
7,148 
Debtors
434,661 
124,445 
Cash at bank and in hand
118,433 
453,082 
560,694 
584,675 
Creditors: amounts falling due within one year
(30,992)
(29,645)
Net current assets
529,702 
555,030 
Total assets less current liabilities
564,696 
595,196 
Provisions for liabilities
Deferred tax
(4,458)
(6,492)
Net assets
560,238 
588,704 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
560,138 
588,604 
Shareholders' funds
560,238 
588,704 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
D Johnston Director Company Registration No. 07319668
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ECHOIC AUDIO LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
ECHOIC AUDIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07319668. The registered office is 17 LOWER GROUND FLOOR, TYNDALL HOUSE, 17 WHITELADIES ROAD, BRISTOL, AVON, BS8 1PB, UNITED KINGDOM.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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ECHOIC AUDIO LIMITED Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
104,035 
23,489 
127,524 
Additions
6,915 
- 
6,915 
At 31 July 2024
110,950 
23,489 
134,439 
Depreciation
At 1 August 2023
69,529 
17,829 
87,358 
Charge for the year
10,672 
1,415 
12,087 
At 31 July 2024
80,201 
19,244 
99,445 
Net book value
At 31 July 2024
30,749 
4,245 
34,994 
At 31 July 2023
34,506 
5,660 
40,166 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
11,907 
Trade debtors
72,092 
53,857 
Accrued income and prepayments
2,032 
7,100 
Other debtors
360,537 
51,581 
434,661 
124,445 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,637 
- 
Taxes and social security
23,828 
28,853 
Other creditors
15 
- 
Loans from directors
1,512 
792 
30,992 
29,645 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Pension commitments
The company operates a defined contribution pension scheme on behalf of its employees and directors, contributions to the scheme during the period were £6036 (2023 £ 67197). The outstanding pension commitment at 31 July 2024 was £ 0 (2023 £ 0).
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ECHOIC AUDIO LIMITED Notes to the Accounts for the year ended 31 July 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
- 
23,900 
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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