REGISTERED NUMBER: 05033268 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Audeo Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J K Wilson

M Hancey

G Gibson

B Davis

REGISTERED OFFICE:

6B Beechwood Lime Tree Way

Lime Tree Way

Chineham Park

Basingstoke

Hampshire

RG24 8WA

REGISTERED NUMBER:

05033268 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

91,924

80,597

91,924

80,597

CURRENT ASSETS

Stocks

137,230

94,470

Debtors

6

307,643

453,666

Cash at bank and in hand

107,685

77,208

552,558

625,344

CREDITORS

Amounts falling due within one year

7

546,143

593,327

NET CURRENT ASSETS

6,415

32,017

TOTAL ASSETS LESS CURRENT LIABILITIES

98,339

112,614

CREDITORS

Amounts falling due after more than one year

8

33,007

39,955

NET ASSETS

65,332

72,659

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

64,332

71,659

SHAREHOLDERS' FUNDS

65,332

72,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

K J K Wilson - Director

1.	STATUTORY INFORMATION

Audeo Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

These accounts have been prepared on the going concern basis. The directors, having considered going concern, indicate that the company relies on support of the parent company to meet its obligations and therefore this is the appropriate basis of preparation.

Turnover

Turnover represents sales of goods and services net of VAT and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

10,000

AMORTISATION

At 1 February 2025

and 31 January 2026

10,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

20,750

48,566

244,283

313,599

Additions

21,578

19,071

28,135

68,784

Disposals

-

(19,250

)

(7,423

)

(26,673

)

Reclassification/transfer

1,624

20,275

(31,008

)

(9,109

)

At 31 January 2026

43,952

68,662

233,987

346,601

DEPRECIATION

At 1 February 2025

20,750

18,213

194,039

233,002

Charge for year

-

12,126

30,682

42,808

Eliminated on disposal

-

(19,250

)

(7,423

)

(26,673

)

Reclassification/transfer

259

19,250

(13,969

)

5,540

At 31 January 2026

21,009

30,339

203,329

254,677

NET BOOK VALUE

At 31 January 2026

22,943

38,323

30,658

91,924

At 31 January 2025

-

30,353

50,244

80,597

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

280,340

413,062

Other debtors

27,303

40,604

307,643

453,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts (see note 9)

14,737

12,999

Trade creditors

205,202

175,776

Amounts owed to group undertakings

30,263

30,263

Taxation and social security

118,047

108,069

Other creditors

177,894

266,220

546,143

593,327

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

3,532

13,957

Hire purchase contracts (see note 9)

29,475

25,998

33,007

39,955

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.26

31.1.25

£

£

Net obligations repayable:

Within one year

14,737

12,999

Between one and five years

29,475

25,998

44,212

38,997

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Audeo Limited, a company registered in England and Wales.

The ultimate controlling party is considered to be Mr K Wilson, by virtue of his majority shareholding in the ultimate parent company.