Clockaudio Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

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Clockaudio Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 02887276

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,095,249		2,876,254
Investments	5		1		1

			3,095,250		2,876,255
CURRENT ASSETS
Stocks	6	757,703		759,508
Debtors	7	1,522,415		1,185,769
Cash at bank and in hand		12,436,041		13,012,404

		14,716,159		14,957,681
Creditors: Amounts Falling Due Within One Year	8	(142,023 )		(159,556 )

NET CURRENT ASSETS (LIABILITIES)			14,574,136		14,798,125

TOTAL ASSETS LESS CURRENT LIABILITIES			17,669,386		17,674,380

PROVISIONS FOR LIABILITIES
Deferred Taxation			(27,792 )		(11,333 )

NET ASSETS			17,641,594		17,663,047

CAPITAL AND RESERVES
Called up share capital	9		10,500		10,500
Profit and Loss Account			17,631,094		17,652,547

SHAREHOLDERS' FUNDS			17,641,594		17,663,047

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Clockaudio Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 23 October 2025 and were signed on its behalf by:

Mrs C Hallington Director	Mr M D Powell Director
23/10/2025

The notes on pages 4 to 8 form part of these financial statements.

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Clockaudio Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Clockaudio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02887276 .

The registered office is Unit C Wellington Gate, Silverthorne Way, Waterlooville, Hampshire, PO7 7XY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

The financial statements contain information about Clockaudio Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies

as a small company.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

2.4. Investments

In accordance with FRS102 1A, the investments are not publicly traded and fair value cannot be measured

reliably. As a result, they are shown in the accounts at cost less impairment.

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Clockaudio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Stocks and Work in Progress

Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary

course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised

cost using the effective interest method, less provision for impairment. A provision for the impairment of trade

debtors is established when there is objective evidence that the company will not be able to collect all

amounts due according to the original terms of the receivables.

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Clockaudio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.10. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if the company does not have

an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least

twelve months after the reporting date. If there is an unconditional right to defer settlement for at least

twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost

using the effective interest method.

2.11.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is

probable that an outflow of economic benefits will be required to settle the obligation.

Pensions

Contributions are recognised in the profit and loss account in the period in which they become payable in

accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 25)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	2,691,897	426,704	17,655	141,588	3,277,844
Additions	127,153	130,000	-	895	258,048

As at 31 March 2025	2,819,050	556,704	17,655	142,483	3,535,892

Depreciation
As at 1 April 2024	-	262,905	17,613	121,072	401,590
Provided during the period	-	35,945	11	3,097	39,053

As at 31 March 2025	-	298,850	17,624	124,169	440,643

Net Book Value
As at 31 March 2025	2,819,050	257,854	31	18,314	3,095,249

As at 1 April 2024	2,691,897	163,799	42	20,516	2,876,254

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Clockaudio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	1

As at 31 March 2025	1

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1

As at 1 April 2024	1

Subsidiaries

Details of the company's subsidiaries as at 31 March 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Clockaudio PTE Limited	Singapore	Ordinary	100.00%	-

Subsidiary undertakings

Clockaudio PTE Limited

The principal activity of Clockaudio PTE Limited is sales and distribution of audio products.

Information in respect of Capital & Reserves and Profit & Loss of Clockaudio PTE Limited is not yet available for

current year.

6. Stocks

	2025	2024
	£	£
Stock	757,703	759,508

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	397,995	304,938
Other debtors	1,124,420	880,831

	1,522,415	1,185,769

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Clockaudio Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	104,336	124,749
Bank loans and overdrafts	77	518
Other creditors	17,000	17,199
Taxation and social security	20,610	17,090

	142,023	159,556

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10,000 Ordinary A shares of £ 1.00 each	10,000	10,000
500 Ordinary B shares of £ 1.00 each	500	500

	10,500	10,500

10. Related Party Disclosures

Transactions with Directors

At the year end, the company owed a balance of £1,418 (2024: £199) to Mrs. C. Hallington the director and shareholder of the company.

Clockaudio North America Inc.

Clockaudio North America Inc. is considered a related party by virtue of significant influence.

At the year end, a balance of £251,005 (2024: £160,980) due from Clockaudio North America Inc.

Turnover includes £967,152 (2024: £841,860) in respect of sales made to this company.

Clockaudio PTE Limited

Clockaudio PTE Limited is a subsidiary undertaking.

At the year end, a balance of £574,596 (2024: £534,206) due from Clockaudio PTE Limited.

The company has taken advantage of the exemption under FRS 102 ‘Related Party Disclosures’ not to disclose transactions with its wholly-owned subsidiaries.

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Directors	Mrs C Hallington
	Mr M D Powell

Secretary	Mrs C Hallington

Company Number	02887276

Registered Office	Unit C Wellington Gate
	Silverthorne Way
	Waterlooville
	Hampshire
	PO7 7XY

Business	Unit C Wellington Gate
	Silverthorne Way
	Waterlooville
	Hampshire
	PO7 7XY

Accountants	Ripe LLP
	Chartered Accountants
	9A Burroughs Gardens
	London
	NW4 4AU