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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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VOID ACOUSTICS RESEARCH LTD
COMPANY INFORMATION
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VOID ACOUSTICS RESEARCH LTD
CONTENTS
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VOID ACOUSTICS RESEARCH LTD
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors present their strategic report for the year ended 31st December 2025.
Void Acoustic Research Ltd is a mid-sized UK-based manufacturer specialising in the design, development, and production of high-performance loudspeaker systems for the professional audio and AV integration markets. Operating under the Void Acoustics brand, the company combines distinctive industrial design, acoustic engineering and British manufacturing to serve clients across the UK, Europe, North America, LATAM and APAC markets through distribution partnerships.
Void Acoustics has an established heritage in professional audio and nightlife and continues to develop its position within boutique, high-end hospitality and design-led commercial environments. These applications include bars, restaurants, retail spaces and wellness facilities, where sound quality, visual design, finish and integration into the interior environment are important considerations.
The business operates from its manufacturing facility and headquarters in Poole, UK where it combines advanced engineering, in-house prototyping, precision manufacturing and specialist finishing to produce speakers that meet high standards of acoustic quality and durability. The facility supports the company’s continued investment in British manufacturing and the development and production of selected high-value and specialist loudspeaker products.
The business also owns two manufacturing plants in China which focus on the development and production of its fibreglass, ABS and a small selection of wooden loudspeaker products.
Business Review
In 2025, the Group generated turnover of £12.833 million (2024: £12.136 million), representing a 5.7% year-on-year increase, driven primarily by strong sales growth in Europe.
Operating profit before tax for the year was £1.059 million (2024: £1.084 million), a decrease of 2%. Void Acoustics continues to make strategic investments in additional headcount and marketing in the year to drive sales growth in the longer term.
Key developments during the year included:
∙Relocation of the UK head office and manufacturing facility to much larger premises in Poole UK, in August 2025 driving both substantial gains in efficiency and future proofing manufacturing capacity. The relocation was accompanied by further investment in manufacturing machinery, spray booths, production infrastructure and specialist finishing capability, increasing the company’s in-house British manufacturing capacity and supporting future product development and growth.
∙Appointment of a new Group Managing Director in May 2025 to facilitate business development and growth.
∙Increase in the R&D investment to support new product development.
∙Strong development within boutique and high-end hospitality and AV integration markets, including bars, restaurants, retail spaces and wellness facilities. Increased adoption within these applications contributed to growth in sales of smaller-format loudspeaker solutions during the year.
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VOID ACOUSTICS RESEARCH LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Customer demand continued to remain resilient in the professional speaker markets. In fact, Void Acoustics saw positive growth in all of its main product group areas.
The continued development of the hospitality and design-led AV integration markets broadened the applications in which Void products are specified, complementing the company’s established position in professional audio and nightlife. Demand for smaller-format loudspeaker systems increased as the brand gained further traction in spaces where high-quality audio, industrial design, custom finishes and integration with interior architecture are important elements of the customer proposition.
Business Strategy and Objective
The company’s mission is to deliver world-class sound experiences through design, innovation, craftsmanship, and sustainability.
Strategic objectives include:
Product Innovation: Continued investment in R&D to develop industry leading design and audio quality.
International Expansion: Targeted growth in North America, EMEA and Asia-Pacific through distributor partnerships.
Operational Excellence: Investment in manufacturing automation and lean processes to improve productivity.
Brand Strengthening: Elevating brand positioning through strategic marketing and industry partnerships, while continuing to develop Void Acoustics’ position within high-end professional audio, AV integration and boutique hospitality applications.
These goals are underpinned by a long-term commitment to sustainability and responsible business practices.
The Directors understand their responsibility in relation to risk identification and mitigation.
Distribution supply chains and the movement of goods between our manufacturing locations are closely monitored and adjustments made to ensure security of supply and to minimise transportation costs.
Health and safety in the factories and the general work environment is closely monitored and controlled.
The company does not hedge currency exposure but trades in mainly US dollar and Euro and has a degree of natural hedging, which is closely monitored.
The company uses a range of KPIs to monitor and evaluate performance. These include monitoring revenue, gross profit, operating profit, stock levels and cash flows. The company also has a rigorous budgeting, forecasting and cash flow projection process which allows constant assessment and review of performance.
The company continually monitors quality in terms of manufacturing output and also maintains a close relationship with its distributor network to receive feedback on product quality.
This report was approved by the board and signed on its behalf.
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VOID ACOUSTICS RESEARCH LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors who served during the year were:
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation and minority interests, amounted to £783,960 (2024 - £724,829).
During the year dividends of £nil were declared (2024: £100,000).
The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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VOID ACOUSTICS RESEARCH LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report was approved by the board and signed on its behalf.
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VOID ACOUSTICS RESEARCH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF VOID ACOUSTICS RESEARCH LTD
We have audited the financial statements of Void Acoustics Research Ltd (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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VOID ACOUSTICS RESEARCH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF VOID ACOUSTICS RESEARCH LTD (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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VOID ACOUSTICS RESEARCH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF VOID ACOUSTICS RESEARCH LTD (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
The White Building
4 Cumberland Place
SO15 2NP
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VOID ACOUSTICS RESEARCH LTD
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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VOID ACOUSTICS RESEARCH LTD
REGISTERED NUMBER: 07533536
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2025
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VOID ACOUSTICS RESEARCH LTD
REGISTERED NUMBER: 07533536
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 41 form part of these financial statements.
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VOID ACOUSTICS RESEARCH LTD
REGISTERED NUMBER: 07533536
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 41 form part of these financial statements.
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VOID ACOUSTICS RESEARCH LTD
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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VOID ACOUSTICS RESEARCH LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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VOID ACOUSTICS RESEARCH LTD
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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VOID ACOUSTICS RESEARCH LTD
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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VOID ACOUSTICS RESEARCH LTD
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Void Acoustics Research Ltd is a private company limited by share capital and incorporated in England and Wales. The registered office is Unit L The Fulcrum, Vantage Way, Poole, Dorset, England, BH12 4NU.
The principal activities of the Company and the nature of the Group's operations are set out in the strategic report on page 1.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Grants of a revenue nature are recognised in the Consolidated statement of comprehensive income in the same period as the related expenditure.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or 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.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
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 Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The provision policy of trade and other receivables of the Group is based on the evaluation of the collectability, aged analysis and management's judgements. A considerable amount of judgement is required in assessing the ultimate realisation of these receivables. As part of the identification and measurement of assets and liabilities, the Group has recognised a provision for impaired stock. In determining the fair value of the provision, assumptions and estimates are made in relation to the future product sales.
Analysis of turnover by country of destination:
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 25
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 26
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 27
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12.Taxation (continued)
There are no factors that may affect the future tax charges.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 29
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
14.Intangible assets (continued)
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 31
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
15.Tangible fixed assets (continued)
Page 32
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
15.Tangible fixed assets (continued)
Page 33
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
15.Tangible fixed assets (continued)
Page 34
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 35
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 36
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The bank loan is guaranteed by the government under the Coronavirus Business Interruption Loan Scheme. Interest is payable at 4.42% over base rate.
The bank borrowings are secured by a fixed and floating charge.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 38
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
25.Deferred taxation (continued)
Page 39
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Share premium account
Profit and loss account
An adjustment has been made to the prior year comparative to adjust the accounting for the unrealised profit element of the intercompany stock that remains on the balance sheet at the year end in the Group figures. This has resulted in a increase in the stock as at 31 December 2024 of £109,142, decrease in reserves of £264,622 and decrease in profit for the year then ended of £155,480. An adjustment has also been made in relation to the stock provision for the prior year resulting in a decrease in the stock figure of £50,814 and a decrease in profit for the year then ended of £50,814.
The Group operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £86,611 (2024: £33,715). Contributions totalling £nil (2024: £nil) were payable to the fund at the balance sheet date and are included in creditors.
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VOID ACOUSTICS RESEARCH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 41
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