| Registered Number:12098086 |
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2025
Hearing Therapy Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Hearing Therapy Ltd
Statement of Financial Position
2024
2025
5,299
5,740
2
| Property, plant and equipment |
20,825
17,085
3
26,124
22,825
9,272
12,884
4
| Trade and other receivables |
12,362
22,819
5
56,462
| Cash and cash equivalents |
43,857
79,560
78,096
| Trade and other payables: amounts falling due within one |
| year |
(50,812)
(67,291)
6
27,284
12,269
Net current assets
| Total assets less current liabilities |
38,393
50,109
| Trade and other payables: amounts falling due after more |
| than one year |
(9,400)
(9,400)
7
(3,956)
(4,060)
| Provisions for liabilities |
25,037
Net assets
36,649
1
1
25,036
36,648
25,037
36,649
Shareholders' funds
| For the year ended 31 January 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 of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 January 2025
Hearing Therapy Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 08 October 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 January 2025
Hearing Therapy Ltd
Notes to the Financial Statements
Statutory Information
| Hearing Therapy Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 12098086. |
36 Cawthorne Grove
Sheffield
S8 0ND
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. |
Intangible assets
| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are atrributable to the asset will flow to the entity and the fair value of the asset can be measured reliably: the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Furniture and Fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover and the related costs. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 January 2025
Hearing Therapy Ltd
Notes to the Financial Statements Continued
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Debtors and Creditors
| Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price. |
| Any losses arising from impairment are recognised in the statement of comprehensive income within administrative |
| expenses. |
Impairment
| At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
| individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the |
| assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds |
| its recoverable amount, an impairment loss is recognised in the statement of comprehensive income. |
| 2. Intangible fixed assets |
6,622
6,622
882
441
Charge for year
1,323
5,299
5,740
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For the year ended 31 January 2025
Hearing Therapy Ltd
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
26,311
6,945
13,033
6,333
11,855
279
837
10,739
17,072
13,870
7,224
38,166
| Provision for depreciation and impairment |
9,226
3,552
3,153
2,521
Charge for year
8,115
2,161
2,662
3,292
17,341
5,713
5,815
5,813
11,259
8,055
1,511
20,825
3,812
9,880
3,393
17,085
2024
2025
12,884
9,272
| 5. Trade and other receivables |
2024
2025
15,965
2,919
6,854
9,443
12,362
22,819
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
37,226
27,998
| Taxation and social security |
2,125
3,367
5,000
5,000
22,940
14,447
67,291
50,812
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For the year ended 31 January 2025
Hearing Therapy Ltd
Notes to the Financial Statements Continued
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
9,400
9,400
| 8. Guarantees and other financial commitments |
| At 31 January 2025 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2024
2025
| Operating leases which expire: |
21,150
21,150
31,875
19,125
40,275
53,025
| 9. Average number of persons employed |
During the year the average number of employees was 4 (2024 : 3)
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