Company No: 04572413 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	J M Foster
	R J Parmee
	A T Parmee

SECRETARY

A T Parmee

REGISTERED OFFICE	New Cambridge House
	Bassingbourn Road
	Litlington
	Royston
	Herts
	SG8 0SS
	United Kingdom

COMPANY NUMBER

04572413 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	432,830		467,757
Investments	4	2		2
		432,832		467,759
Current assets
Stocks		130,741		141,260
Debtors
- due within one year	5	2,176,496		1,747,242
- due after more than one year	5	1,810,577		3,340,101
Cash at bank and in hand		2,373,767		549,458
		6,491,581		5,778,061
Creditors: amounts falling due within one year	6	( 823,236)		( 731,972)
Net current assets		5,668,345		5,046,089
Total assets less current liabilities		6,101,177		5,513,848
Creditors: amounts falling due after more than one year	7	( 84,873)		( 134,841)
Provision for liabilities	8	( 96,523)		( 100,141)
Net assets		5,919,781		5,278,866
Capital and reserves
Called-up share capital		51,000		51,000
Profit and loss account		5,868,781		5,227,866
Total shareholders' funds		5,919,781		5,278,866

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Absolute Audio Visual Solutions Limited (registered number: 04572413) were approved and authorised for issue by the Board of Directors on 04 December 2025. They were signed on its behalf by:

A T Parmee Director

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

Absolute Audio Visual Solutions 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 New Cambridge House, Bassingbourn Road, Litlington, Royston, Herts, SG8 0SS, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Absolute Audio Visual Solutions Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

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 sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion. When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

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:

Leasehold improvements	7 years straight line
Vehicles	25 % reducing balance
Office equipment	15 % reducing balance
Computer equipment	3 years straight line
Other property, plant and equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements required management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amount reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgments (apart from those involving estimates) have the most significant effect on amounts recognised in the financial statements.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	42		40

3. Tangible assets

	Leasehold improve- ments		Vehicles		Office equipment		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2024	187,246		291,825		55,042		84,111		2,628,909		3,247,133
Additions	0		124,826		382		5,369		110,234		240,811
Disposals	0		( 55,445)		0		0		0		( 55,445)
At 31 December 2024	187,246		361,206		55,424		89,480		2,739,143		3,432,499
Accumulated depreciation
At 01 January 2024	116,704		233,872		39,368		71,651		2,317,781		2,779,376
Charge for the financial year	25,793		44,820		6,178		7,073		189,929		273,793
Disposals	0		( 53,500)		0		0		0		( 53,500)
At 31 December 2024	142,497		225,192		45,546		78,724		2,507,710		2,999,669
Net book value
At 31 December 2024	44,749		136,014		9,878		10,756		231,433		432,830
At 31 December 2023	70,542		57,953		15,674		12,460		311,128		467,757

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	2
At 31 December 2024	2
Provisions for impairment
At 01 January 2024	2
At 31 December 2024	2
Carrying value at 31 December 2024	0
Carrying value at 31 December 2023	0

5. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	896,801		1,045,074
Amounts owed by own subsidiaries (note 10)	352,158		353,542
Prepayments	40,711		15,114
Other debtors	886,826		333,512
	2,176,496		1,747,242
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings (note 10)	1,514,612		3,229,761
Corporation tax	295,965		110,340
	1,810,577		3,340,101

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	50,000		50,000
Trade creditors	109,526		112,369
Accruals and deferred income	383,715		69,759
Corporation tax	11,749		269,223
Other taxation and social security	180,491		158,310
Obligations under finance leases and hire purchase contracts	70,848		58,052
Other creditors	16,907		14,259
	823,236		731,972

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	54,167		104,167
Obligations under finance leases and hire purchase contracts	30,706		30,674
	84,873		134,841

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 100,141)		( 94,680)
Credited/(charged) to the Profit and Loss Account	3,618		( 5,461)
At the end of financial year	( 96,523)		( 100,141)

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	70,848		58,052
between one and five years	30,604		30,674
Total future minimum lease payments under non-cancellable operating leases	101,452		88,726

10. Related party transactions

Included within debtors due in less than one year, are amounts owed to connected companies controlled by the directors. The balance of these loans at the year-end amounted to £352,158 (2023: £353,542).

Included within debtors due in more than one year, are amounts owed to connected companies controlled by the directors. The balance of these loans at the year-end amounted to £1,514,612 (2023: £3,229,762).

The balance of these loans are unsecured and interest free.

Transactions with the entity’s directors (or members of its governing body)

Amounts owed by directors

During the year a director was advanced a further £553,314 (2023:£94,988). An outstanding balance of £886,826 (2023: £333,512) was due to the Company at year end, this amount is included within other debtors. The loan is unsecured, repayable on demand and interest is accruing at the office HMRC beneficial loans average rate.

11. Ultimate controlling party

The ultimate controlling party of the Company is A Parmee, by virtue of his shareholding.