Registration number: 08277493

Audiofit Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Audiofit Limited

(Registration number: 08277493)
Balance Sheet as at 31 March 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		593		1,187
Current assets
Cash at bank and in hand		2,779		2,774
Creditors: Amounts falling due within one year	5	(6,881)		(6,538)
Net current liabilities			(4,102)		(3,764)
Net liabilities			(3,509)		(2,577)
Capital and reserves
Called up share capital		100		100
Profit and loss account		(3,609)		(2,677)
Total equity			(3,509)		(2,577)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 October 2025
 

......................................... Mr N. Hirst Director

Audiofit Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Audiofit Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer and office equipment	25% on cost
Furniture and fittings	25% on cost

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Audiofit Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	6,700	6,700
At 31 March 2025	6,700	6,700
Depreciation
At 1 April 2024	5,513	5,513
Charge for the year	594	594
At 31 March 2025	6,107	6,107
Carrying amount
At 31 March 2025	593	593
At 31 March 2024	1,187	1,187

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Loans and borrowings	-	158
Other creditors	6,881	6,380
	6,881	6,538

6	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	-	158