Company registration number 15310032 (England and Wales)
ADORE AUDIO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ADORE AUDIO LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
ADORE AUDIO LTD
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
449
Current assets
Debtors
4
1,480
Cash at bank and in hand
6,898
8,378
Creditors: amounts falling due within one year
5
(13,926)
Net current liabilities
(5,548)
Net liabilities
(5,099)
Capital and reserves
Called up share capital
10
Profit and loss reserves
(5,109)
Total equity
(5,099)
For the financial period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 11 June 2025
Mr M J D Jeeves
Director
Company registration number 15310032 (England and Wales)
ADORE AUDIO LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 27 November 2023
-
Period ended 30 November 2024:
Loss and total comprehensive income
-
(5,109)
(5,109)
Issue of share capital
10
-
10
Balance at 30 November 2024
10
(5,109)
(5,099)
ADORE AUDIO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information
Adore Audio Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Anchorage, Malpas, Truro, Cornwall, TR1 1SN.
1.1
Reporting period
The first period of account covers the period from the incorporation date of 27 November 2023 to 30 November 2023. As this is the first period of incorporation, no comparative amounts are presented within the financial statements.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
IT equipment
20% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
ADORE AUDIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 27 November 2023
Additions
529
At 30 November 2024
529
Depreciation and impairment
At 27 November 2023
Depreciation charged in the period
80
At 30 November 2024
80
Carrying amount
At 30 November 2024
449
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
1,460
Other debtors
20
1,480
5
Creditors: amounts falling due within one year
2024
£
Other creditors
13,926