REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023 |
FOR |
LONDON AUDIO VISUAL LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023 |
FOR |
LONDON AUDIO VISUAL LIMITED |
LONDON AUDIO VISUAL LIMITED (REGISTERED NUMBER: 06810076) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 March 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LONDON AUDIO VISUAL LIMITED |
COMPANY INFORMATION |
for the period 1 March 2022 to 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
LONDON AUDIO VISUAL LIMITED (REGISTERED NUMBER: 06810076) |
ABRIDGED BALANCE SHEET |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
LONDON AUDIO VISUAL LIMITED (REGISTERED NUMBER: 06810076) |
ABRIDGED BALANCE SHEET - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LONDON AUDIO VISUAL LIMITED (REGISTERED NUMBER: 06810076) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 March 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
London Audio Visual Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Government grants |
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that: |
(a) the entity will comply with the conditions attaching to them; and |
(b) the grants will be received. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
LONDON AUDIO VISUAL LIMITED (REGISTERED NUMBER: 06810076) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 March 2022 to 31 March 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 March 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 March 2022 |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 28 February 2022 |
Fixed assets, included in the above, which are held under finance leases are as follows: |
Totals |
£ |
COST |
At 1 March 2022 | 308,494 |
Additions | 573,023 |
At 31 March 2023 | 881,517 |
DEPRECIATION |
At 1 March 2022 | 212,221 |
Charge for period | 157,541 |
At 31 March 2023 | 369,762 |
NET BOOK VALUE |
At 31 March 2023 | 511,755 |
At 28 February 2022 | 96,273 |
LONDON AUDIO VISUAL LIMITED (REGISTERED NUMBER: 06810076) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 March 2022 to 31 March 2023 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans | 200,660 | 216,667 |
Finance leases | 638,045 | 239,370 |
Included within bank loans is a CBIL with Lloyds Bank PLC, which is secured by a fixed and floating charge which covers all the property or undertakings of the company. |
Hire purchase contracts and finance lease liabilities are secured against the individual assets acquired under the lease contracts. |