Companies House 11403926 2025-09-30 2025-09-30 2024-10-01 false iso4217:GBP xbrli:pure 11403926 2023-10-01 2024-09-30 11403926 2025-09-30 11403926 2024-10-01 2025-09-30 11403926 2024-09-30 11403926 curr:PoundSterling 2024-10-01 2025-09-30 11403926 uk-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 11403926 uk-bus:FRS102 2024-10-01 2025-09-30 11403926 uk-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 11403926 uk-bus:FullAccounts 2024-10-01 2025-09-30 11403926 uk-bus:RegisteredOffice 2024-10-01 2025-09-30 11403926 uk-bus:Director1 2024-10-01 2025-09-30 11403926 uk-bus:Director2 2024-10-01 2025-09-30 11403926 uk-bus:Director3 2024-10-01 2025-09-30 11403926 uk-bus:Director4 2024-10-01 2025-09-30 11403926 uk-bus:Director5 2024-10-01 2025-09-30 11403926 uk-bus:Director6 2024-10-01 2025-09-30 11403926 uk-bus:Director7 2024-10-01 2025-09-30 11403926 uk-bus:Director8 2024-10-01 2025-09-30 11403926 uk-bus:Director9 2024-10-01 2025-09-30 11403926 uk-bus:Director10 2024-10-01 2025-09-30 11403926 uk-bus:Director11 2024-10-01 2025-09-30 11403926 uk-bus:Director12 2024-10-01 2025-09-30 11403926 uk-bus:Director13 2024-10-01 2025-09-30 11403926 uk-bus:Director14 2024-10-01 2025-09-30 11403926 uk-bus:Director15 2024-10-01 2025-09-30 11403926 uk-bus:Director16 2024-10-01 2025-09-30 11403926 uk-bus:Director17 2024-10-01 2025-09-30 11403926 uk-bus:Director18 2024-10-01 2025-09-30 11403926 uk-bus:Director19 2024-10-01 2025-09-30 11403926 uk-bus:Director20 2024-10-01 2025-09-30 11403926 uk-bus:Director21 2024-10-01 2025-09-30 11403926 uk-bus:CompanySecretary1 2024-10-01 2025-09-30 11403926 core:AfterOneYear 2025-09-30 11403926 core:AfterOneYear 2024-09-30 11403926 core:WithinOneYear 2025-09-30 11403926 core:WithinOneYear 2024-09-30 11403926 core:WithinOneYear 2024-10-01 2025-09-30 11403926 core:AfterOneYear 2025-09-30 11403926 core:AfterOneYear 2024-09-30 11403926 core:AfterOneYear 2024-10-01 2025-09-30 11403926 core:ShareCapital 2025-09-30 11403926 core:ShareCapital 2024-09-30 11403926 core:SharePremium 2025-09-30 11403926 core:SharePremium 2024-09-30 11403926 core:OtherReservesSubtotal 2025-09-30 11403926 core:OtherReservesSubtotal 2024-09-30 11403926 core:RevaluationReserve 2025-09-30 11403926 core:RevaluationReserve 2024-09-30 11403926 core:RetainedEarningsAccumulatedLosses 2025-09-30 11403926 core:RetainedEarningsAccumulatedLosses 2024-09-30 11403926 1 2024-10-01 2025-09-30 11403926 2 2024-10-01 2025-09-30 11403926 3 2024-10-01 2025-09-30 11403926 core:LandBuildings 2024-10-01 2025-09-30 11403926 core:LandBuildings 2025-09-30 11403926 core:LandBuildings 2023-10-01 2024-09-30 11403926 core:LandBuildings 2024-09-30 11403926 core:PlantMachinery 2024-10-01 2025-09-30 11403926 core:PlantMachinery 2025-09-30 11403926 core:PlantMachinery 2023-10-01 2024-09-30 11403926 core:PlantMachinery 2024-09-30 11403926 core:FurnitureFittingsToolsEquipment 2024-10-01 2025-09-30 11403926 core:FurnitureFittingsToolsEquipment 2025-09-30 11403926 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 11403926 core:FurnitureFittingsToolsEquipment 2024-09-30 11403926 core:OfficeEquipment 2024-10-01 2025-09-30 11403926 core:OfficeEquipment 2025-09-30 11403926 core:OfficeEquipment 2023-10-01 2024-09-30 11403926 core:OfficeEquipment 2024-09-30 11403926 core:Vehicles 2024-10-01 2025-09-30 11403926 core:Vehicles 2025-09-30 11403926 core:Vehicles 2023-10-01 2024-09-30 11403926 core:Vehicles 2024-09-30 11403926 core:NetGoodwill 2024-10-01 2025-09-30 11403926 core:NetGoodwill 2025-09-30 11403926 core:NetGoodwill 2023-10-01 2024-09-30 11403926 core:NetGoodwill 2024-09-30 11403926 core:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 11403926 core:IntangibleAssetsOtherThanGoodwill 2025-09-30 11403926 core:IntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 11403926 core:IntangibleAssetsOtherThanGoodwill 2024-09-30

# MONITOR AUDIO GROUP LIMITED

## Company Registration Number:
11403926 (England and Wales)

## Unaudited statutory accounts for the year ended 30 September 2025

## Period of accounts

## Start date: 1 October 2024

## End date: 30 September 2025

# MONITOR AUDIO GROUP LIMITED

## Contents of the Financial Statements

for the Period Ended 30 September 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# MONITOR AUDIO GROUP LIMITED

Directors' report period ended 30 September 2025

The directors present their report with the financial statements of the company for the period ended 30 September 2025

Principal activities of the company

The principle activity of the group during the year was the design and distribution of loudspeakers, amplifiers and turntables

Directors

The directors shown below have held office during the whole of the period from
1 October 2024 to 30 September 2025

Robert Barford
Andrew Flatt

The director shown below has held office during the period of
20 March 2025 to 30 September 2025

James Flatt

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 December 2025

And signed on behalf of the board by:
Name: Robert Barford
Status: Director

# MONITOR AUDIO GROUP LIMITED

## Profit And Loss Account

for the Period Ended 30 September 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 17,590,511 | 18,493,393
Cost of sales: | ( 11,253,525 ) | ( 11,927,200 )
Gross profit(or loss): | 6,336,986 | 6,566,193
Administrative expenses: | ( 7,201,612 ) | ( 7,276,745 )
Other operating income: | 316,312 | 0
Operating profit(or loss): | (548,314) | (710,552)
Interest payable and similar charges: | ( 335,522 ) | ( 424,697 )
Profit(or loss) before tax: | (883,836) | (1,135,249)
Tax: |  | 130,026
Profit(or loss) for the financial year: | (883,836) | (1,005,223)

# MONITOR AUDIO GROUP LIMITED

## Balance sheet

As at 30 September 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: | 3 | 4,025,984 | 5,343,963
Tangible assets: | 4 | 1,207,890 | 1,051,926
Total fixed assets: |  | 5,233,874 | 6,395,889
Current assets
Stocks: | 5 | 3,737,069 | 5,073,425
Debtors: | 6 | 5,971,547 | 4,391,008
Cash at bank and in hand: |  | 28,888 | 58,086
Total current assets: |  | 9,737,504 | 9,522,519
Creditors: amounts falling due within one year: | 7 | ( 10,152,607 ) | ( 10,756,850 )
Net current assets (liabilities): |  | (415,103) | (1,234,331)
Total assets less current liabilities: |  | 4,818,771 | 5,161,558
Creditors: amounts falling due after more than one year: | 8 | ( 1,214,258 ) | 0
Provision for liabilities: |  | ( 42,840 ) | ( 42,840 )
Total net assets (liabilities): |  | 3,561,673 | 5,118,718
Capital and reserves
Called up share capital: |  | 100 | 100
Share premium account: |  | 0 | 10,309,503
Profit and loss account: |  | 3,561,573 | (5,190,885 )
Total Shareholders' funds: |  | 3,561,673 | 5,118,718

The notes form part of these financial statements

# MONITOR AUDIO GROUP LIMITED

## Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 17 December 2025
and signed on behalf of the board by:

Name: Robert Barford
Status: Director

The notes form part of these financial statements

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Revenue is recognised to the extent that it is probable that economic benefits will flow to the group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:** ### Sale of goods **Revenue from the sale of goods is recognised when all of the following conditions are satisfied:** * the group has transferred the significant risks and rewards of ownership to the buyer; * the group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; * the amount of revenue can be measured reliably; * it is probable that the group will receive the consideration due under the transaction; and * the costs incurred or to be incurred in respect of the transaction can be measured reliably.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Plant and machinery – 20% Fixtures and fittings – 20% The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  Intangible fixed assets amortisation policy

  Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the consolidated statement of comprehensive income over its useful economic life of 10 years.

  Valuation information and policy

  2.13 Valuation of investments Investments in subsidiaries are measured at cost less accumulated impairment. 2.14 Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. 2.15 Debtors Short-term debtors are measured at transaction price, less any impairment.

  Other accounting policies

  2.16 Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 2.17 Creditors Short-term creditors are measured at transaction price. Non short-term creditors are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 2.18 Provisions for liabilities Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. 2.19 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.

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 73 | 67

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 October 2024 | 13,197,784 |  | 13,197,784
Additions |  |  |
Disposals |  |  |
Revaluations |  |  |
Transfers |  |  |
At 30 September 2025 | 13,197,784 |  | 13,197,784
Amortisation |  |  |
At 1 October 2024 | 7,853,821 |  | 7,853,821
Charge for year | 1,317,979 |  | 1,317,979
On disposals |  |  |
Other adjustments |  |  |
At 30 September 2025 | 9,171,800 |  | 9,171,800
Net book value |  |  |
At 30 September 2025 | 4,025,984 |  | 4,025,984
At 30 September 2024 | 5,343,963 |  | 5,343,963

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 4. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 October 2024 |  | 4,845,886 | 1,252,281 |  |  | 6,098,167
Additions |  | 155,711 | 368,819 |  |  | 524,530
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 September 2025 |  | 5,001,597 | 1,621,100 |  |  | 6,622,697
Depreciation |  |  |  |  |  |
At 1 October 2024 |  | 4,034,068 | 1,012,173 |  |  | 5,046,241
Charge for year |  | 235,898 | 132,668 |  |  | 368,566
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 September 2025 |  | 4,269,966 | 1,144,841 |  |  | 5,414,807
Net book value |  |  |  |  |  |
At 30 September 2025 |  | 731,631 | 476,259 |  |  | 1,207,890
At 30 September 2024 |  | 811,818 | 240,108 |  |  | 1,051,926

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 5. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 3,737,069 | 5,073,425
Total | 3,737,069 | 5,073,425

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 6. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 3,393,872 | 3,119,249
Prepayments and accrued income | 563,268 | 274,961
Other debtors | 2,014,407 | 996,798
Total | 5,971,547 | 4,391,008

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 7. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 3,084,963 | 3,934,235
Trade creditors | 5,010,338 | 6,483,097
Accruals and deferred income | 901,573 | 172,557
Other creditors | 1,155,733 | 166,961
Total | 10,152,607 | 10,756,850

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 8. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 1,214,258 | 0
Total | 1,214,258 | 0

# MONITOR AUDIO GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 9. Financial Commitments

The group has a bank loan amounting to £1,500,000 as at 30 September 2025, there is also accrued interest of £21,125. The loan bears interest at 4.45% over the Bank of England base rate per annum and is repayable over 4 years. Amounts due within one year total £306,867, and amounts due after more than one year total £1,214,258.