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POOR AUDIO LIMITED

Registered Number
09319342
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

POOR AUDIO LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

Oliver Edwin Siebert

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

09319342 (England and Wales)
POOR AUDIO LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors240,892245,312
Cash at bank and on hand18,7667,049
259,658252,361
Creditors amounts falling due within one year3(75,420)(76,721)
Net current assets (liabilities)184,238175,640
Total assets less current liabilities184,238175,640
Net assets184,238175,640
Capital and reserves
Called up share capital11
Profit and loss account184,237175,639
Shareholders' funds184,238175,640
The financial statements were approved and authorised for issue by the Director on 20 June 2025, and are signed on its behalf by:
Oliver Edwin Siebert
Director
Registered Company No. 09319342
POOR AUDIO LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year11
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-3,795
Taxation and social security72,94769,665
Accrued liabilities and deferred income2,4733,261
Total75,42076,721