Registered number
09932269
LONDON AUDIO POST LTD
Filleted Accounts
31 December 2024
LONDON AUDIO POST LTD
Registered number: 09932269
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,334 26,850
Current assets
Debtors 4 4,000 4,000
Cash at bank and in hand 74,922 67,719
78,922 71,719
Creditors: amounts falling due within one year 5 (15,391) (1,647)
Net current assets 63,531 70,072
Total assets less current liabilities 87,865 96,922
Provisions for liabilities (4,623) (5,250)
Net assets 83,242 91,672
Capital and reserves
Called up share capital 1 1
Profit and loss account 83,241 91,671
Shareholder's funds 83,242 91,672
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tomas Blazukas
Director
Approved by the board on 16 May 2025
LONDON AUDIO POST LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 52,779
Additions 6,318
Disposals (657)
At 31 December 2024 58,440
Depreciation
At 1 January 2024 25,929
Charge for the year 8,112
On disposals 65
At 31 December 2024 34,106
Net book value
At 31 December 2024 24,334
At 31 December 2023 26,850
4 Debtors 2024 2023
£ £
Other debtors 4,000 4,000
Amounts due after more than one year included above 4,000 4,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 13,522 882
Director's account 47 32
Wages control 1,047 -
Other creditors 775 733
15,391 1,647
6 Related party transactions
Other debtors relates to a loan to Calm Store Ltd. T Blazukas owns 50% of the issued share capital of Calm Store Ltd.
7 Controlling party
The Company is controlled by Tomas Blazukas.
8 Other information
LONDON AUDIO POST LTD is a private company limited by shares and incorporated in England. Its registered office is:
Flat 1 1 Wykeham Road
HASTINGS
TN34 1UA
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