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REGISTERED NUMBER: 05033268 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Audeo Systems Limited

Audeo Systems Limited (Registered number: 05033268)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Audeo Systems Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: K J K Wilson
I A P Hancey
M Hancey
G Gibson
B Davis





REGISTERED OFFICE: 6B Beechwood Lime Tree Way
Lime Tree Way
Chineham Park
Basingstoke
Hampshire
RG24 8WA





REGISTERED NUMBER: 05033268 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Audeo Systems Limited (Registered number: 05033268)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,597 58,246
80,597 58,246

CURRENT ASSETS
Stocks 94,470 84,345
Debtors 6 453,666 439,921
Cash at bank and in hand 77,208 111,078
625,344 635,344
CREDITORS
Amounts falling due within one year 7 593,327 688,908
NET CURRENT ASSETS/(LIABILITIES) 32,017 (53,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,614

4,682

CREDITORS
Amounts falling due after more than one
year

8

39,955

49,711
NET ASSETS/(LIABILITIES) 72,659 (45,029 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 71,659 (46,029 )
SHAREHOLDERS' FUNDS 72,659 (45,029 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Audeo Systems Limited (Registered number: 05033268)

Balance Sheet - continued
31 January 2025


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 19 May 2025 and were signed on its behalf by:





K J K Wilson - Director


Audeo Systems Limited (Registered number: 05033268)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Audeo Systems 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.

These accounts have been prepared on the going concern basis. The directors, having considered going concern, indicate that the company relies on support of the parent company to meet its obligations and therefore this is the appropriate basis of preparation.

Turnover
Turnover represents sales of goods and services net of VAT and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Audeo Systems Limited (Registered number: 05033268)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued
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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

Audeo Systems Limited (Registered number: 05033268)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 10,000
AMORTISATION
At 1 February 2024
and 31 January 2025 10,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 20,750 48,745 211,312 280,807
Additions - 19,071 35,702 54,773
Disposals - (19,250 ) (2,731 ) (21,981 )
At 31 January 2025 20,750 48,566 244,283 313,599
DEPRECIATION
At 1 February 2024 20,750 28,593 173,218 222,561
Charge for year - 8,904 22,659 31,563
Eliminated on disposal - (19,284 ) (1,838 ) (21,122 )
At 31 January 2025 20,750 18,213 194,039 233,002
NET BOOK VALUE
At 31 January 2025 - 30,353 50,244 80,597
At 31 January 2024 - 20,152 38,094 58,246


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 413,062 430,702
Other debtors 40,604 9,219
453,666 439,921

At the year end, trade debtors of £413,062 (2024: 430,702) were secured under an invoice discounting arrangement with Close Brothers Ltd.

Audeo Systems Limited (Registered number: 05033268)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts (see note 9) 12,999 11,575
Trade creditors 175,776 313,557
Amounts owed to group undertakings 30,263 30,263
Taxation and social security 108,069 73,870
Other creditors 266,220 259,643
593,327 688,908

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 13,957 24,127
Hire purchase contracts (see note 9) 25,998 25,584
39,955 49,711

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 12,999 11,575
Between one and five years 25,998 25,584
38,997 37,159

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Audeo Limited, a company registered in England and Wales.

The ultimate controlling party is considered to be Mr K Wilson, by virtue of his majority shareholding in the ultimate parent company.