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
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
ECHOIC AUDIO LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
34,994
40,166
Cash at bank and in hand
118,433
453,082
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
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
ECHOIC AUDIO LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
At 31 July 2024
110,950
23,489
134,439
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
At 31 July 2024
30,749
4,245
34,994
At 31 July 2023
34,506
5,660
40,166
Amounts falling due within one year
Trade debtors
72,092
53,857
Accrued income and prepayments
2,032
7,100
Other debtors
360,537
51,581
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
23,828
28,853
Loans from directors
1,512
792
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).
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).