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Company No: 10990207 (England and Wales)

# WINGNUT AUDIO VISUAL LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

WINGNUT AUDIO VISUAL LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

WINGNUT AUDIO VISUAL LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
WINGNUT AUDIO VISUAL LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

DIRECTOR | P S Hammond

REGISTERED OFFICE | 25 Dorrit Crescent
| Guildford
| GU3 3AL
| United Kingdom

COMPANY NUMBER | 10990207 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

WINGNUT AUDIO VISUAL LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2025
WINGNUT AUDIO VISUAL LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 10,137 |  | 10,646
|  | 10,137 |  | 10,646
Current assets |  |  |  |
Debtors | 4 | 36,203 |  | 39,868
Cash at bank and in hand | 5 | 99,463 |  | 94,010
|  | 135,666 |  | 133,878
Creditors: amounts falling due within one year | 6 | ( 27,873) |  | ( 26,748)
Net current assets |  | 107,793 |  | 107,130
Total assets less current liabilities |  | 117,930 |  | 117,776
Provision for liabilities | 7, 8 | ( 1,929) |  | ( 2,026)
Net assets |  | 116,001 |  | 115,750
Capital and reserves |  |  |  |
Called-up share capital | 9 | 1 |  | 1
Profit and loss account |  | 116,000 |  | 115,749
Total shareholder's funds |  | 116,001 |  | 115,750

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wingnut Audio Visual Limited (registered number: 10990207) were approved and authorised for issue by the Director on 13 October 2025. They were signed on its behalf by:

P S Hammond Director |

WINGNUT AUDIO VISUAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
WINGNUT AUDIO VISUAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Wingnut Audio Visual Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 25 Dorrit Crescent, Guildford, GU3 3AL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line
Fixtures and fittings | 5 years straight line
Computer equipment | 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 25,860 |  | 4,908 |  | 17,404 |  | 48,172
Additions | 0 |  | 0 |  | 4,873 |  | 4,873
Disposals | 0 |  | 0 |  | ( 4,498) |  | ( 4,498)
At 31 March 2025 | 25,860 |  | 4,908 |  | 17,779 |  | 48,547
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 19,882 |  | 4,908 |  | 12,736 |  | 37,526
Charge for the financial year | 1,912 |  | 0 |  | 2,756 |  | 4,668
Disposals | 0 |  | 0 |  | ( 3,784) |  | ( 3,784)
At 31 March 2025 | 21,794 |  | 4,908 |  | 11,708 |  | 38,410
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 4,066 |  | 0 |  | 6,071 |  | 10,137
At 31 March 2024 | 5,978 |  | 0 |  | 4,668 |  | 10,646

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 35,010 |  | 23,829
Prepayments and accrued income | 1,193 |  | 16,039
| 36,203 |  | 39,868

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 99,463 |  | 94,010

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to director | 396 |  | 84
Accruals | 2,001 |  | 1,720
Corporation tax | 13,666 |  | 11,428
Other taxation and social security | 11,810 |  | 13,516
| 27,873 |  | 26,748

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 1,929 |  | 2,026

Other

[If the Company has a material provisions balance consider the inclusion of an accounting policy note for provisions listed as ‘Other’]
Other provisions relate to the excess on certain insurance policies in respect of cover against legal claims which arise in the ordinary course of business and we expect these claims to settle within the next six months.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 2,026) |  | ( 2,192)
Credited to the Profit and Loss Account | 97 |  | 166
At the end of financial year | ( 1,929) |  | ( 2,026)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 2,026) |  | ( 2,192)
Deferred tax charge for the year | 97 |  | 166
| ( 1,929) |  | ( 2,026)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1