Registration number:
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Autograph (Holdings) Limited
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Brebners
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Autograph (Holdings) Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Consolidated Income Statement |
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Consolidated Statement of Financial Position |
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Statement of Financial Position |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
Autograph (Holdings) Limited
Company Information
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Directors |
A W Bruce S M Bruce T K Jardine J B Bruce K A Bruce S L Arnold |
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Registered office |
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Auditors |
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Autograph (Holdings) Limited
Strategic Report for the Year Ended 31 January 2025
The directors present their strategic report for the year ended 31 January 2025.
Principal activity
The principal activity of the group is that of the provision of design and consultancy services to the sound industry and the sale and hire of sound equipment and installation services.
Fair review of the business
The year has been a highly positive one for the group financially, with a significant increase in profit compared to the previous 12 months. The industry has continued its strong post-Covid recovery, and the Board remains optimistic about the prospects for the second half of the decade. Despite ongoing uncertainty in both domestic and global economic conditions, the group’s performance this year has been very encouraging. The group continued to make some fundamental changes including adjusting critical overheads in line with the amount of work. By virtue of sound financial management, we have consistently met any financial responsibilities throughout the period. We continued to discuss long term contracts with producers to manage the long-term deals that were in place, protecting both us and our clients for the future. Again, the diversity of service provision we had put in place in previous years continues to pay off and the areas of growth are very evident. Gross profit margin over the past few years has been distorted by a number of factors, most notably the effects of COVID-19 on turnover. The group now expects the current gross profit margin to remain the new normal after initially believing it was a product of Covid 19 recovery.
The company's key financial and other performance indicators during the year were as follows:
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Financial KPIs |
Unit |
2025 |
2024 |
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Turnover |
£ |
15,644,655 |
14,682,104 |
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Gross profit |
£ |
7,783,933 |
6,517,696 |
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Gross profit margin |
% |
50 |
44 |
The Board of Directors is of the opinion that the benchmarks above are at an acceptable level and expect similar results in the forthcoming year.
Outlook
The Company and the group of which it is a member continue to occupy a key place within the market. The strength of our post-Covid recovery has reinforced and increased the respect we hold within our industry. We continue to source new work and we have diversified in certain areas of the industry to satisfy new customers. These changes and the foundations already in place will make the group stronger in the face of adversity in the future.
Autograph (Holdings) Limited
Strategic Report for the Year Ended 31 January 2025
Future developments
Improved organisation structures internally mean that how we approach work has revolutionised our capability to do big projects. which will continue to help us grow and move forward, while the continued use of new software for tracking and accountancy has also helped us better manage future projects.
Continuing to be proactive on new projects and requesting information earlier is also helping the planning and organisation which in turn allows us to manage our financial positions in more detail.
Financial instruments
The group uses basic financial instruments other than derivatives, comprising bank balances, bank overdrafts, trade creditors, trade debtors, and hire purchase agreements. The main purpose of these instruments is to finance the group's operations.
The company is also exposed to the group composite guarantee, in which it is potentially liable for the loans and overdrafts of other related companies.
It is, and has been throughout the year under review, the group policy that no trading in financial instruments shall be undertaken.
Principal risks and uncertainties
There are a few main factors which affect our current and future position in the market. Although manufacturing lead times continue to improve, they still are not back to the schedules of pre-Covid. The employment of skilled full-time labour or freelance labour is still a concern - there continues to be a lack of competent people in our industry post Covid, something we are internally working on constantly.
The group has exposure to three main areas of risk: liquidity risk, customer credit exposure and interest rate risk. Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below.
In respect of bank balances the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts where necessary at floating rates of interest.
The group has also entered into several hire purchase agreements. The liquidity risk in respect of these is managed in the same way as loans.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.
Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Global economic uncertainty could have an effect on future turnover but the group feels able to manage this risk by virtue of the move into alternative areas of sound provision and experiences, and managing its access to equipment by way of proactive control over its own large stock resource enabling the continued provision of high quality equipment to its customers.
Autograph (Holdings) Limited
Strategic Report for the Year Ended 31 January 2025
Summary
The Board continuously monitors for and responds to changes in the group's risk environment so ensuring that the group remains well placed to address operational, reputational, financial and business risks in a timely and appropriate manner.
Approved by the
.........................................
Director
.........................................
Director
Autograph (Holdings) Limited
Directors' Report for the Year Ended 31 January 2025
The directors present their report and the for the year ended 31 January 2025.
Directors of the group
The directors who held office during the year were as follows:
Principal activity
The principal activity of the group is that of the provision of design and consultancy services to the sound industry and the sale and hire of sound equipment and installation services.
Dividends
The directors do not recommend payment of a dividend.
Disclosure of information in the Strategic Report
The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments and financial risk management and exposure.
Other disclosures
S J Cryer, a partner of Brebners until 5th April 2011 is a joint trustee of trusts holding 60,000 ordinary shares of £1 each in the company, in which he has no beneficial interest. Subsequent to the year end 51,586 of these shares were transferred to trust beneficiaries.
Disclosure of information to the auditor
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Approved by the
.........................................
Director
.........................................
Director
Autograph (Holdings) Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Autograph (Holdings) Limited
Independent Auditor's Report to the Members of Autograph (Holdings) Limited
Opinion
We have audited the financial statements of Autograph (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025, which comprise the Consolidated Income Statement, Consolidated Statement of Financial Position, Statement of Financial Position, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, 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 our opinion the financial statements:
• | give a true and fair view of the state of the group's and the parent company's affairs as at 31 January 2025 and of the group's profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or |
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the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group’s or the parent company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Autograph (Holdings) Limited
Independent Auditor's Report to the Members of Autograph (Holdings) Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 6], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Autograph (Holdings) Limited
Independent Auditor's Report to the Members of Autograph (Holdings) Limited
Auditor Responsibilities for the audit of the financial statements
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 auditor’s 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 financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Group and the industry in which it operates, we determined that the principal risks of non-compliance with laws and regulations related to the reporting framework (FRS 102 and the Companies Act 2006) and UK corporate taxation laws, health and safety legislation and data protection legislation. These risks were communicated to our audit team and we remained alert to any indications of non-compliance throughout our audit.
We understood how the Group is complying with relevant legislation by making enquiries of management. We also considered the results of our audit procedures and to what extent these corroborate this understanding and assessed the susceptibility of the Group’s financial statements to material misstatement. This included consideration of how fraud might occur and evaluation of management’s incentives and opportunities for fraudulent manipulation of the financial statements.
We designed our audit procedures to identify any non-compliance with laws and regulations. Such procedures included, but were not limited to, inspection and understanding of legal costs; challenging assumptions and judgements made by management; identifying and testing journal entries with a focus on large or unusual transactions as determined based on our understanding of the business; and identifying and assessing the effectiveness of controls in place to prevent and detect fraud.
Owing to the inherent limitations of an audit, there remains a risk that a material misstatement may not have been detected, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance with laws and regulations and cannot be expected to detect all instances of non-compliance.
The primary responsibility for the detection and prevention of fraud rests with those responsible for governance and management. The further removed non-compliance with laws and regulations is from the events reflected in the financial statements, the less likely the auditor will become aware of it.
The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission, misrepresentation or forgery.
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 auditor's report.
Autograph (Holdings) Limited
Independent Auditor's Report to the Members of Autograph (Holdings) Limited
Use of our 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 auditor’s 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
London
W1D 5AR
Autograph (Holdings) Limited
Consolidated Income Statement for the Year Ended 31 January 2025
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Note |
2025 |
(As restated) |
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Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
|
|
|
|
Income from other fixed asset investments |
- |
|
|
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Amounts written back to investments |
210 |
- |
|
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Other interest receivable and similar income |
|
|
|
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Interest payable and similar expenses |
( |
( |
|
|
(18,005) |
(78,107) |
||
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Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Profit/(loss) attributable to: |
|||
|
Owners of the company |
|
|
The group has no recognised gains or losses for the year other than the results above.
Autograph (Holdings) Limited
Consolidated Statement of Financial Position as at 31 January 2025
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Note |
2025 |
(As restated) |
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Fixed assets |
|||
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Tangible assets |
|
|
|
|
Investments |
|
|
|
|
Other financial assets |
2,168 |
2,494 |
|
|
|
|
||
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Current assets |
|||
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Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current (liabilities)/assets |
( |
|
|
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Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
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Called up share capital |
97,136 |
97,136 |
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Share premium reserve |
30,288 |
30,288 |
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Capital redemption reserve |
49,070 |
49,070 |
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Profit and loss account |
11,905,734 |
10,593,332 |
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Equity attributable to owners of the company |
12,082,228 |
10,769,826 |
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Shareholders' funds |
12,082,228 |
10,769,826 |
Approved and authorised by the
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Company registration number: 01844488
Autograph (Holdings) Limited
Statement of Financial Position as at 31 January 2025
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Note |
2025 |
(As restated) |
|
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Fixed assets |
|||
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Investments |
|
|
|
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Other financial assets |
2,168 |
2,494 |
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|
|
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||
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Current assets |
|||
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Debtors |
|
|
|
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Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
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Net current assets/(liabilities) |
|
( |
|
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Total assets less current liabilities |
|
( |
|
|
Provisions for liabilities |
( |
- |
|
|
Net assets/(liabilities) |
|
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Share premium reserve |
|
|
|
|
Capital redemption reserve |
|
|
|
|
Profit and loss account |
|
( |
|
|
Total equity |
|
( |
The company made a profit after tax for the financial year of £1,639,244 (2024 - loss of £522,034).
Approved and authorised by the
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Company registration number: 01844488
Autograph (Holdings) Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 January 2025
Equity attributable to the parent company
|
Share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
Total |
Total equity |
|
|
At 1 February 2024 |
|
|
|
|
|
|
|
Prior period adjustment (Note 25) |
- |
- |
- |
( |
( |
( |
|
At 1 February 2024 (As restated) |
|
|
|
|
|
|
|
Profit for the year |
- |
- |
- |
|
|
|
|
At 31 January 2025 |
|
|
|
|
|
|
|
Share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
Total |
Total equity |
|
|
At 1 February 2023 |
|
|
|
|
|
|
|
Prior period adjustment (Note 25) |
- |
- |
- |
( |
( |
( |
|
At 1 February 2023 (As restated) |
|
|
|
|
|
|
|
Profit for the year |
- |
- |
- |
|
|
|
|
At 31 January 2024 |
97,136 |
30,288 |
49,070 |
10,593,332 |
10,769,826 |
10,769,826 |
Autograph (Holdings) Limited
Statement of Changes in Equity for the Year Ended 31 January 2025
|
Share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
Total |
|
|
At 1 February 2024 |
|
|
|
( |
( |
|
Prior period adjustment (Note 25) |
- |
- |
- |
|
|
|
At 1 February 2024 (As restated) |
|
|
|
( |
( |
|
Profit for the year |
- |
- |
- |
|
|
|
At 31 January 2025 |
|
|
|
|
|
|
Share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
Total |
|
|
At 1 February 2023 |
|
|
|
( |
|
|
Prior period adjustment (Note 25) |
- |
- |
- |
|
|
|
At 1 February 2023 (As restated) |
|
|
|
( |
|
|
Loss for the year |
- |
- |
- |
( |
( |
|
At 31 January 2024 |
97,136 |
30,288 |
49,070 |
(599,835) |
(423,341) |
Autograph (Holdings) Limited
Consolidated Statement of Cash Flows for the Year Ended 31 January 2025
|
Note |
2025 |
(As restated) |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Loss on disposal of other tangible assets |
|
|
|
|
Profit on disposal of audio equipment |
( |
( |
|
|
Amounts written back to investments |
( |
- |
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
(Increase)/decrease in stocks |
( |
|
|
|
Decrease in trade debtors |
|
|
|
|
Increase in trade creditors |
|
|
|
|
Cash generated from operations |
|
|
|
|
Income taxes paid |
- |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Proceeds from investments |
536 |
7,184 |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Payment of bank borrowings |
- |
( |
|
|
Payments to hire purchase creditors |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net decrease in cash and cash equivalents |
( |
( |
|
|
Cash and cash equivalents at 1 February |
|
|
|
|
Cash and cash equivalents at 31 January |
2,066,514 |
2,163,549 |
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
2 Spring Place
London
NW5 3BA
The principal activity of the company and group is that of the provision of design and consultancy services to the sound industry and the sale and hire of sound equipment and installation services.
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Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Summary of disclosure exemptions
The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available FRS 102:
a) No cash flow statement has been presented.
b) Disclosures in respect of financial instruments have not been presented.
c) Disclosures in respect of key management personnel compensation in total have not been presented.
The company has taken advantage of the exemption in section 408 of the Companies Act from presenting its individual profit and loss account.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Basis of consolidation
The group financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 January 2025.
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Income Statement from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Going concern
As at 31 January 2025, the group of which the company is a member had net assets of £12,082,228 including cash at bank of £2,066,514 and made a profit before tax for the year then ended of £1,749,155.
Having navigated through the hardest years in the group's history due to the COVID-19 pandemic, the last three years have seen a strong recovery and return to profitability. The latest unaudited management accounts show that the group has continuing profitability subsequent to the year end. The cashflow position for the year ahead demonstrates that the group has sufficient working capital for a period exceeding 12 months from the approval of the financial statements.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events, that are believed to be reasonable under the circumstances.
Other than those involving estimations there are no judgements that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
- Depreciation and impairment of fixed assets
The company exercises judgement to determine the useful lives and residual values of audio equipment and these assets are depreciated down to their residual values over their estimated lives. The company also exercises judgement in its review for indicators of impairment and the impact upon the useful economic lives and residual values (see depreciation policy below). When assessing the above management consider their knowledge of the market place, all commercial factors and historical experience.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of sound equipment and provision of design and consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the sale of sound equipment, normally on delivery when:
- The significant risks and rewards of ownership of the sound equipment have transferred to the buyer;
- The amount of revenue can be reliably measured;
- It is probable that future economic benefits will flow to the entity.
The company recognises revenue from the rendering of design and consultancy services in the period to which the services relate.
Royalties are recognised in the period to which they relate.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Where there is a subsequent increase in expected useful life, the impairment provision is reversed to the extent that the assets are restated at the net book value they would have been stated at should the relevant impairment loss not have occurred. An impairment review is carried out and provision made accordingly even if events or changes in circumstances indicate that the carrying value, being measured by a applying discount factor of 2.5% above base to relevant cash flows of fixed assets, may not be recoverable.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Leasehold Property |
Over the term of the lease |
|
Plant and machinery |
10% to 33.3% on cost |
|
Fixtures and fittings |
10% to 50% on cost |
|
Motor vehicles |
25% on cost |
|
Audio Equipment |
8.33% to 50% on cost |
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.
Investments in associates
Investments in associates are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of profit or loss, other comprehensive income and equity of the associate.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Hire purchase contracts
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at cost. The asset is then depreciated over its useful life. Future payments are apportioned between finance costs in the income statement and reduction of the liability so as to achieve a constant periodic rate of interest on the remaining balance of the liability using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Employee benefit trust
Autograph Communications Limited is the trustee of the Autograph (Holdings) Group Employees' Trust. Whilst legally not the property of the group, investments in own shares and other assets held by the Trust are recognised in the Accounts at cost, in accordance with FRS 102. Finance costs and administration expenses are charged as they occur and dividends are stated net of dividends arising on own shares. A separate reserve is maintained in recognition of the trust status of the scheme.
|
Turnover |
The analysis of the group's revenue for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of sound equipment |
|
|
|
Hire of sound equipment |
|
|
|
Royalties received |
|
|
|
Design and consultancy fees |
|
|
|
|
|
The analysis of the group's turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
|
Rest of world |
|
|
|
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Foreign exchange losses/(gains) |
|
( |
|
Loss on disposal of property, plant and equipment |
|
|
|
Gain on disposal of audio equipment |
(426,851) |
(181,506) |
|
Impairment of trade debtors |
47,393 |
- |
|
Other operating lease costs |
182,921 |
179,265 |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
- |
|
|
Interest on obligations under hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
|
- |
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
(As restated) |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Distribution |
|
|
|
Management |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
(As restated) |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
1,193,572 |
825,827 |
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
In respect of the highest paid director:
|
2025 |
(As restated) |
|
|
Remuneration |
|
|
|
Company contributions to money purchase pension schemes |
|
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
52,600 |
48,500 |
|
Taxation |
Tax charged/(credited) in the consolidated income statement
|
2025 |
(As restated) |
|
|
Current taxation |
||
|
UK corporation tax |
|
- |
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
|
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
(As restated) |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Deferred tax (credit)/expense |
|
|
|
Tax decrease from effect of capital allowances and depreciation |
( |
( |
|
Tax decrease from other short-term timing differences |
- |
( |
|
Tax decrease from effect of tax losses |
( |
( |
|
Total tax charge |
|
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated depreciation/(capital allowances) |
- |
|
|
Other timing differences |
- |
( |
|
- |
|
|
2024 |
Asset |
Liability |
|
Accelerated depreciation/(capital allowances) |
- |
|
|
Tax losses carry-forwards |
- |
( |
|
Other timing differences |
- |
( |
|
- |
|
Company
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Other timing differences |
- |
|
|
- |
|
|
2024 |
Asset |
Liability |
|
Tax losses carry-forwards |
|
- |
|
|
- |
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Tangible assets |
Group
|
Leasehold property |
Fixtures and fittings |
Motor vehicles |
Audio equipment |
Plant and machinery |
Total |
|
|
Cost or valuation |
||||||
|
At 1 February 2024 |
|
|
|
|
|
|
|
Additions |
- |
|
|
|
|
|
|
Disposals |
- |
( |
- |
( |
( |
( |
|
Transfers |
- |
- |
- |
( |
|
- |
|
At 31 January 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 February 2024 |
|
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
|
Eliminated on disposal |
- |
( |
- |
( |
( |
( |
|
Transfers |
- |
- |
- |
( |
|
- |
|
At 31 January 2025 |
|
|
|
|
|
|
|
Carrying amount |
||||||
|
At 31 January 2025 |
|
|
|
|
|
|
|
At 31 January 2024 |
|
|
|
|
|
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Assets held hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under hire purchase contracts:
|
2025 |
2024 |
|
|
Audio equipment |
417,566 |
539,992 |
Company
|
Furniture, fittings and equipment |
Total |
|
|
Cost or valuation |
||
|
At 1 February 2024 |
|
|
|
Disposals |
( |
( |
|
At 31 January 2025 |
|
|
|
Depreciation |
||
|
At 1 February 2024 |
|
|
|
Eliminated on disposal |
( |
( |
|
At 31 January 2025 |
|
|
|
Carrying amount |
||
|
At 31 January 2025 |
- |
- |
The company has no tangible assets held under finance lease or hire purchase agreements.
|
Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 February 2024 and 31 January 2025 |
|
|
Carrying amount |
|
|
At 31 January 2025 |
|
|
At 31 January 2024 |
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
130 Shaftesbury Avenue, 2nd Floor, London, W1D 5EU |
Ordinary |
|
|
|
England and Wales |
||||
|
|
130 Shaftesbury Avenue, 2nd Floor, London, W1D 5EU |
Ordinary |
|
|
|
England and Wales |
||||
|
|
130 Shaftesbury Avenue, 2nd Floor, London, W1D 5EU |
Ordinary |
|
|
|
England and Wales |
||||
|
Associates |
||||
|
|
130 Shaftesbury Avenue, 2nd Floor, London, W1D 5EU |
Ordinary |
|
|
|
England and Wales |
||||
|
Subsidiary undertakings |
|
Autograph Sound Recording Limited The principal activity of Autograph Sound Recording Limited |
|
Autograph Sales Limited The principal activity of Autograph Sales Limited |
|
Autograph Communications Limited The principal activity of Autograph Communications Limited |
|
Associates |
|
Autograph A2D Limited The principal activity of Autograph A2D Limited is |
Investments in associated undertakings are accounted for under the equity method of accounting where material.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Other financial assets |
Group
|
Financial assets at cost less impairment |
Total |
|
|
Non-current financial assets |
||
|
Cost or valuation |
||
|
At 1 February 2024 |
43,375 |
43,375 |
|
Disposals |
(536) |
(536) |
|
At 31 January 2025 |
42,839 |
42,839 |
|
Impairment |
||
|
At 1 February 2024 |
40,881 |
40,881 |
|
Adjustments resulting from a disposal |
(210) |
(210) |
|
At 31 January 2025 |
40,671 |
40,671 |
|
Carrying amount |
||
|
At 31 January 2025 |
|
2,168 |
|
At 31 January 2024 |
|
2,494 |
Company
|
Financial assets at cost less impairment |
Total |
|
|
Non-current financial assets |
||
|
Cost or valuation |
||
|
At 1 February 2024 |
38,375 |
38,375 |
|
Disposals |
(536) |
(536) |
|
At 31 January 2025 |
37,839 |
37,839 |
|
Impairment |
||
|
At 1 February 2024 |
35,881 |
35,881 |
|
Adjustments resulting from a disposal |
(210) |
(210) |
|
At 31 January 2025 |
35,671 |
35,671 |
|
Carrying amount |
||
|
At 31 January 2025 |
|
2,168 |
|
At 31 January 2024 |
|
2,494 |
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Finished goods and goods for resale |
|
|
- |
- |
|
Debtors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
(As restated) |
|
|
Trade debtors |
|
|
- |
|
|
|
Amounts owed by group undertakings |
- |
- |
- |
|
|
|
Other debtors |
|
|
|
|
|
|
Prepayments & accrued income |
|
|
|
|
|
|
Deferred tax assets |
- |
- |
- |
|
|
|
Corporation tax asset |
|
|
|
|
|
|
|
|
|
|
||
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
|
|
|
Bank overdrafts |
- |
( |
- |
( |
|
Cash and cash equivalents in statement of cash flows |
2,066,514 |
2,163,549 |
91,751 |
(459,851) |
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
(As restated) |
2025 |
(As restated) |
|
|
Due within one year |
|||||
|
Loans and borrowings |
|
|
- |
|
|
|
Trade creditors |
|
|
- |
|
|
|
Amount due to group undertakings |
- |
- |
|
|
|
|
Social security and other taxes |
|
|
|
|
|
|
Other payables |
|
|
- |
|
|
|
Accruals and deferred income |
|
|
|
|
|
|
Corporation tax liability |
94,453 |
253 |
- |
- |
|
|
|
|
|
|
||
|
Due after one year |
|||||
|
Loans and borrowings |
|
|
- |
- |
|
|
Other financial liabilities |
|
|
- |
- |
|
|
96,230 |
382,139 |
- |
- |
||
Accruals and deferred income due within one year include £2,391,629 (2024: £1,128,000) of pre-paid hire income attributable to the next twelve months, which is not refundable.
|
Loans and borrowings |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Current loans and borrowings |
||||
|
Bank overdrafts |
- |
|
- |
|
|
Hire purchase contracts |
|
|
- |
- |
|
|
|
- |
|
|
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Non-current loans and borrowings |
||||
|
Hire purchase contracts |
|
|
- |
- |
Loans are secured by fixed and floating charges over the company's assets and undertakings.
Bank overdrafts are secured by an intercompany guarantee supported by fixed and floating charges over the subsidiary companies' assets and undertakings.
|
Deferred tax and other provisions |
Group
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
(As restated) |
Total |
|
|
At 1 February 2024 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 January 2025 |
|
|
|
|
||
The company does not have any provisions.
Company
|
Deferred tax |
Total |
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 January 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
97,136 |
|
97,136 |
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Reserves |
Group
- Share premium account
This account records the amount above the nominal value received for shares sold, less transaction costs.
- Capital redemption reserve
This account records the nominal value of shares repurchased by the company.
- Retained earnings
This account records retained earning and accumulated losses.
|
Obligations under leases and hire purchase contracts |
Group
Hire purchase contracts
Obligations under hire purchase obligations are as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Net obligations under hire purchase contracts are secured on the assets concerned.
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Non adjusting events after the financial period |
|
|
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Prior period adjustment |
Group
The financial statements have been restated to incorporate the impact of an underprovided contractual liability.
As a result Retained earnings brought forward at 1 February 2024 have decreased by £262,904, being administrative expenses of £350,539 less related tax of £87,635 (of which £40,142 and £10,036 respectively relate to the year ended 31 January 2024), with accruals and deferred tax balances amended accordingly.
Company
The financial statements have been restated to incorporate the impact of an overprovided contractual liability.
As a result Retained Earnings brought forward at 1 February 2024 have increased by £77,470, being administrative expenses of £103,293 less related tax of £25,823 (of which £11,829 and £2,957 respectively relate to the year ended 31 January 2024), with accruals and deferred tax balances amended accordingly.
|
Related party transactions |
Group
Key management compensation
|
2025 |
2024 |
|
|
Salaries and other short term employee benefits |
|
|
Transactions with directors
Included within debtors is a balance of £1,221,307 (2024: £1,230,357) due from the directors. During the year advances of £11,649 and repayments of £20,699 were made. There was no interest charged during the year and there are no set repayment terms in place.
Group
During the year, property rent amounting to £360,000 (2024: £360,000) was paid to two directors, under a tenancy at will by the group.
Company
In accordance with FRS 102 paragraph 33.1A, exemption is taken not to disclose transactions in the year between wholly owned group undertakings.
Autograph (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Analysis of changes in net debt |
Group
|
At 1 February 2024 |
Financing cash flows |
At 31 January 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
3,013,549 |
(947,035) |
2,066,514 |
|
Overdrafts |
(850,000) |
850,000 |
- |
|
2,163,549 |
(97,035) |
2,066,514 |
|
|
Borrowings |
|||
|
Hire purchase liabilities |
(356,617) |
202,574 |
(154,043) |
|
|
|||
|
|
|
|
|
Company
|
At 1 February 2024 |
Financing cash flows |
At 31 January 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
390,149 |
(298,398) |
91,751 |
|
Overdrafts |
(850,000) |
850,000 |
- |
|
(459,851) |
551,602 |
91,751 |
|
|
( |
|
|
|
|
|
|||