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REGISTERED NUMBER: 07787115 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HEARING AID UK LIMITED

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEARING AID UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A D Livermore
D Taylor
Mrs J L Livermore
Mrs C M Taylor





REGISTERED OFFICE: 6 Morton Lane
Redditch
Worcestershire
B97 5QA





REGISTERED NUMBER: 07787115 (England and Wales)





ACCOUNTANTS: Streets Turner Limited
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,054 5,839

CURRENT ASSETS
Debtors 5 323,299 321,210
Cash at bank 449,118 404,134
772,417 725,344
CREDITORS
Amounts falling due within one year 6 423,802 431,757
NET CURRENT ASSETS 348,615 293,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,669

299,426

PROVISIONS FOR LIABILITIES 7 1,514 1,315
NET ASSETS 353,155 298,111

CAPITAL AND RESERVES
Called up share capital 122 122
Capital redemption reserve 8 78 78
Retained earnings 8 352,955 297,911
SHAREHOLDERS' FUNDS 353,155 298,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





D Taylor - Director


HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

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


1. STATUTORY INFORMATION

Hearing Aid UK 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 7 ) .

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 2,300 11,308 13,608
Additions - 2,924 2,924
At 31 October 2024 2,300 14,232 16,532
DEPRECIATION
At 1 November 2023 1,330 6,439 7,769
Charge for year 242 2,467 2,709
At 31 October 2024 1,572 8,906 10,478
NET BOOK VALUE
At 31 October 2024 728 5,326 6,054
At 31 October 2023 970 4,869 5,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 319,121 311,167
Other debtors 4,178 10,043
323,299 321,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 177,883 198,810
Taxation and social security 148,886 146,990
Other creditors 97,033 85,957
423,802 431,757

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,514 1,315

Deferred
tax
£   
Balance at 1 November 2023 1,315
Charge to Income Statement during year 199
Balance at 31 October 2024 1,514

HEARING AID UK LIMITED (REGISTERED NUMBER: 07787115)

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


8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2023 297,911 78 297,989
Profit for the year 281,370 281,370
Dividends (226,326 ) (226,326 )
At 31 October 2024 352,955 78 353,033