1 August 2024 false No description of principal activity Taxfiler 2024.6 SC306104business:PrivateLimitedCompanyLtd2024-08-012025-07-31 SC3061042024-07-31 SC3061042024-08-012025-07-31 SC306104business:AuditExempt-NoAccountantsReport2024-08-012025-07-31 SC306104business:FilletedAccounts2024-08-012025-07-31 SC3061042025-07-31 SC306104business:Director12024-08-012025-07-31 SC306104business:RegisteredOffice2024-08-012025-07-31 SC3061042024-07-31 SC306104core:WithinOneYear2025-07-31 SC306104core:WithinOneYear2024-07-31 SC306104core:ShareCapitalcore:PreviouslyStatedAmount2025-07-31 SC306104core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC306104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-07-31 SC306104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC306104core:PreviouslyStatedAmount2025-07-31 SC306104core:PreviouslyStatedAmount2024-07-31 SC306104business:SmallEntities2024-08-012025-07-31 SC306104countries:Scotland2024-08-012025-07-31 SC306104core:PlantMachinery2024-08-012025-07-31 SC306104core:ComputerEquipment2024-08-012025-07-31 SC306104core:FurnitureFittings2024-07-31 SC306104core:ComputerEquipment2024-07-31 SC306104core:FurnitureFittings2025-07-31 SC306104core:ComputerEquipment2025-07-31 SC306104core:FurnitureFittings2024-08-012025-07-31 SC3061042023-08-012024-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC306104 (Scotland)
IAN WOOD AUDIO LIMITED Unaudited accounts for the year ended 31 July 2025
IAN WOOD AUDIO LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IAN WOOD AUDIO LIMITED Company Information for the year ended 31 July 2025
Director
Ian Wood
Company Number
SC306104 (Scotland)
Registered Office
3 OAK DRIVE PORTLETHEN ABERDEENSHIRE AB12 4XF United Kingdom
Accountants
Pevensie Consulting Ltd 34 Falmouth Avenue Cambridge Cambs CB3 0UF
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IAN WOOD AUDIO LIMITED Statement of financial position as at 31 July 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,104 
2,992 
Current assets
Debtors
5
444 
5,973 
Cash at bank and in hand
8,766 
3,418 
9,210 
9,391 
Creditors: amounts falling due within one year
6
(3,042)
(3,140)
Net current assets
6,168 
6,251 
Net assets
8,272 
9,243 
Capital and reserves
Called up share capital
51 
51 
Profit and loss account
8,221 
9,192 
Shareholders' funds
8,272 
9,243 
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2025 and were signed on its behalf by
Ian Wood Director Company Registration No. SC306104
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IAN WOOD AUDIO LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
IAN WOOD AUDIO LIMITED is a private company, limited by shares, registered in Scotland, registration number SC306104. The registered office is 3 OAK DRIVE, PORTLETHEN, ABERDEENSHIRE, AB12 4XF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10%
Computer equipment
10%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2024
80 
4,770 
4,850 
At 31 July 2025
80 
4,770 
4,850 
Depreciation
At 1 August 2024
- 
1,858 
1,858 
Charge for the year
- 
888 
888 
At 31 July 2025
- 
2,746 
2,746 
Net book value
At 31 July 2025
80 
2,024 
2,104 
At 31 July 2024
80 
2,912 
2,992 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
444 
5,973 
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IAN WOOD AUDIO LIMITED Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,257 
1,523 
Taxes and social security
777 
1,580 
Loans from directors
8 
37 
3,042 
3,140 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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