REGISTERED NUMBER: 14389624 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Audio Dept Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R D Meredith

REGISTERED OFFICE:

Coreley Mill

Coreley

Ludlow

Shropshire

SY8 3AU

REGISTERED NUMBER:

14389624 (England and Wales)

ACCOUNTANTS:

Grant Harrod Lerman Davis LLP

Chartered Accountants

Second Floor, Kirkland House

11-15 Peterborough Road

Harrow

Middlesex

HA1 2AX

FIXED ASSETS

Tangible assets

4

55,979

15,170

CURRENT ASSETS

Debtors

5

124,706

325,265

Cash at bank

850,418

412,138

975,124

737,403

CREDITORS

Amounts falling due within one year

6

(474,061

)

(471,565

)

NET CURRENT ASSETS

501,063

265,838

TOTAL ASSETS LESS CURRENT LIABILITIES

557,042

281,008

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

556,942

280,908

557,042

281,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 1 September 2025 and were signed by:

R D Meredith - Director

1.	STATUTORY INFORMATION

Audio Dept 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 represents income receivable for the year, excluding value added tax.

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 etc

-

Straight line over 3 years

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 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.

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.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

22,753

Additions

72,585

At 31 December 2024

95,338

DEPRECIATION

At 1 January 2024

7,583

Charge for year

31,776

At 31 December 2024

39,359

NET BOOK VALUE

At 31 December 2024

55,979

At 31 December 2023

15,170

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

107,857

95,025

Other debtors

16,849

230,240

124,706

325,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

68,711

101,923

Taxation and social security

92,279

121,456

Other creditors

313,071

248,186

474,061

471,565

7.	RELATED PARTY DISCLOSURES

In order to run the company on a day to day basis the director operates a loan account between himself and the company. The balance owing to the director on his loan account at 31 December 2024 amounted to £40,739 (2023 £28,186). Dividends amounting to £30,000 (2023 -£20,000) were paid to Mr R Meredith during the year.

8.	ULTIMATE CONTROLLING PARTY

The company was under the control of the director and shareholder, Mr R Meredith, throughout the current year.