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Company No: 03717191 (England and Wales)

# ACOUSTIC PRODUCTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

ACOUSTIC PRODUCTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

ACOUSTIC PRODUCTS LIMITED

## COMPANY INFORMATION

For the financial year ended 31 July 2025
ACOUSTIC PRODUCTS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 July 2025

Director | Mr P S Shepherd

Registered office | Second Floor
| 168 Shoreditch High Street
| E1 6RA
| London
| United Kingdom

Company number | 03717191 (England and Wales)

Accountant | Kreston Reeves LLP
| 37 St Margarets Street
| Canterbury
| Kent
| CT1 2TU

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ACOUSTIC PRODUCTS LIMITED

For the financial year ended 31 July 2025

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ACOUSTIC PRODUCTS LIMITED (continued)

For the financial year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acoustic Products Limited for the financial year ended 31 July 2025 which comprise the Balance Sheet and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Acoustic Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acoustic Products Limited. You consider that Acoustic Products Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Acoustic Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of Acoustic Products Limited, as a body, in accordance with the terms of our engagement letter dated 15 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Acoustic Products Limited and state those matters that we have agreed to state to the director of Acoustic Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acoustic Products Limited and its Director as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

04 February 2026

ACOUSTIC PRODUCTS LIMITED

## BALANCE SHEET

As at 31 July 2025
ACOUSTIC PRODUCTS LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 65,020 |  | 46,722
|  | 65,020 |  | 46,722
Current assets |  |  |  |
Debtors | 4 | 761,955 |  | 456,477
Cash at bank and in hand |  | 274,737 |  | 150,998
|  | 1,036,692 |  | 607,475
Creditors: amounts falling due within one year | 5 | ( 659,401) |  | ( 425,411)
Net current assets |  | 377,291 |  | 182,064
Total assets less current liabilities |  | 442,311 |  | 228,786
Provision for liabilities |  | ( 16,255) |  | ( 11,861)
Net assets |  | 426,056 |  | 216,925
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 425,956 |  | 216,825
Total shareholder's funds |  | 426,056 |  | 216,925

For the financial 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Acoustic Products Limited (registered number: 03717191) were approved and authorised for issue by the Director on 04 February 2026. They were signed on its behalf by:

Mr P S Shepherd Director |

ACOUSTIC PRODUCTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
ACOUSTIC PRODUCTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Acoustic Products 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 Second Floor, 168 Shoreditch High Street, E1 6RA, London, 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 £.

##### 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 Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised 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.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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 current 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.

##### 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 | 10 years straight line
Vehicles | 4 years straight line
Office equipment | 20 % reducing balance

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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### 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.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 4 |  | 6

#### 3. Tangible assets

| Leasehold improve- ments |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2024 | 93,749 |  | 0 |  | 32,795 |  | 126,544
Additions | 19,209 |  | 7,491 |  | 4,437 |  | 31,137
At 31 July 2025 | 112,958 |  | 7,491 |  | 37,232 |  | 157,681
Accumulated depreciation |  |  |  |  |  |  |
At 01 August 2024 | 54,711 |  | 0 |  | 25,111 |  | 79,822
Charge for the financial year | 10,495 |  | 312 |  | 2,032 |  | 12,839
At 31 July 2025 | 65,206 |  | 312 |  | 27,143 |  | 92,661
Net book value |  |  |  |  |  |  |
At 31 July 2025 | 47,752 |  | 7,179 |  | 10,089 |  | 65,020
At 31 July 2024 | 39,038 |  | 0 |  | 7,684 |  | 46,722

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 750,705 |  | 437,084
Amounts owed by Parent undertakings | 0 |  | 7,078
Prepayments | 11,250 |  | 5,750
Corporation tax | 0 |  | 6,373
Other debtors | 0 |  | 192
| 761,955 |  | 456,477

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 252,904 |  | 188,924
Amounts owed to Parent undertakings | 8,021 |  | 0
Corporation tax | 109,620 |  | 36,444
Other taxation and social security | 166,438 |  | 79,430
Other creditors | 122,418 |  | 120,613
| 659,401 |  | 425,411

#### 6. Related party transactions

Transactions with owners holding a participating interest in the entity

At the year end, the company owed £8,021 to its parent company, Peterson Investments Limited (2024 - £7,078 was owed from Peterson Investments Limited). All transactions were undertaken on an arms length basis.

#### 7. Ultimate controlling party

The company was controlled throughout the year by its immediate parent company, Peterson Investments Limited, by virtue of being a wholly owned subsidiary.