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REGISTERED NUMBER: 05256773 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

24 ACOUSTICS LIMITED

24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24 ACOUSTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M R Peckham
Mr S J Gosling



SECRETARY: Ms R C McGill



REGISTERED OFFICE: Armstrong House
3 Bassett Avenue
Southampton
Hampshire
SO16 7DP



REGISTERED NUMBER: 05256773 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: The Royal Bank of Scotland
Business Banking Direct
PO Box 4153
Hornchurch
Essex
RM12 4PS

24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 88,774 95,791

CURRENT ASSETS
Stocks 5 15,000 15,000
Debtors 6 497,594 515,507
Investments 7 24,785 24,785
Cash at bank 367,899 313,617
905,278 868,909
CREDITORS
Amounts falling due within one year 8 251,948 199,365
NET CURRENT ASSETS 653,330 669,544
TOTAL ASSETS LESS CURRENT LIABILITIES 742,104 765,335

PROVISIONS FOR LIABILITIES 16,886 19,558
NET ASSETS 725,218 745,777

CAPITAL AND RESERVES
Called up share capital 211 202
Retained earnings 725,007 745,575
SHAREHOLDERS' FUNDS 725,218 745,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




Mr M R Peckham - Director



Mr S J Gosling - Director


24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

24 Acoustics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 28,020 378,932 62,682
Additions 274 13,781 657
At 31 December 2024 28,294 392,713 63,339
DEPRECIATION
At 1 January 2024 10,457 328,342 36,031
Charge for year 3,567 12,874 5,461
At 31 December 2024 14,024 341,216 41,492
NET BOOK VALUE
At 31 December 2024 14,270 51,497 21,847
At 31 December 2023 17,563 50,590 26,651

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 7,850 45,925 523,409
Additions - 648 15,360
At 31 December 2024 7,850 46,573 538,769
DEPRECIATION
At 1 January 2024 6,956 45,832 427,618
Charge for year 224 251 22,377
At 31 December 2024 7,180 46,083 449,995
NET BOOK VALUE
At 31 December 2024 670 490 88,774
At 31 December 2023 894 93 95,791

24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. STOCKS
2024 2023
£    £   
Work-in-progress 15,000 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 214,807 204,054
Amounts owed by associates 280,415 309,393
Prepayments 2,372 2,060
497,594 515,507

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 24,785 24,785

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49 49
Trade creditors 2,383 8,758
Tax 93,188 64,145
Social security and other taxes 27,179 24,709
VAT 99,974 89,479
Other creditors - 352
Directors' current accounts 18,093 7,631
Accrued expenses 11,082 4,242
251,948 199,365

9. OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £79,302 (2023: £105,319).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr S J Gosling
Balance outstanding at start of year (3,811 ) (7,918 )
Amounts advanced 533 8,875
Amounts repaid (6,040 ) (4,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,318 ) (3,811 )

24 ACOUSTICS LIMITED (REGISTERED NUMBER: 05256773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr M R Peckham
Balance outstanding at start of year (3,820 ) (7,669 )
Amounts advanced 87,758 48,309
Amounts repaid (92,713 ) (44,460 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,775 ) (3,820 )

The loans are interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

At the year end the company was owed from 24 Acoustics Capital Investments Ltd £405,741 (2023: £435,681), 24 Acoustics Group Holdings Ltd £590 (2023: £590) and Noise & Calibration Ltd £3,603 (2023 £2641), companies Mr M R Peckham and Mr S Gosling are also Directors of.

At the year end the company also owed to Intelligent Instruments Ltd £129,519 (2023: (£129,519))

The loans are unsecured, interest free and repayable on demand.