Årsrapport18061635Sønderjyllands Revision, Statsautoriseret revisionsaktieselskabTorvegade, 66330, Padborg2020-01-012020-12-312021-01-012021-12-3140546049Allgoodspeakers ApSEllegårdvej366400Sønderborg2019-05-27Sønderjyllands Revision, Statsautoriseret revisionsaktieselskab18061635Søren KringStatsaut. revisormne31458Torvegade66330PadborgDanmark2022-02-22Oliver NiebuhrRegnskabsklasse BAndre erklæringer uden sikkerhedRevisorgruppen DanmarkanpartshavernePadborg2022-02-15Sønderborg2022-02-1518543945000163620658600103217450001206-200010201147000822309378847000158300-17000-6451264000538970000650005389720005389720007726111000192607918711000148207580002273946900023278314100007000070000065000115630-4200018563093000127012709301100008096029629380004702648000470264800023278314100016362016362010Today, the Board of Directors and the Managing Director have approved the annual report of Allgoodspeakers ApS for the financial year 1 January - 31 December 2021. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January – 31 December 2021. The Board of Directors and the Managing Director consider the conditions for audit exemption of the 2021 financial statements to be met. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Oliver NiebuhrJens Kristian DamsgaardOliver NiebuhrWe have compiled the financial statements of Allgoodspeakers ApS for the financial year 1 January - 31 December 2021 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist Management in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. The principal activities of the company The principel activities are to offer voice-based public-speaker training as well as to offer software and technological applications in relataion to this and to perform tasks arising from this purpose. Development in activities and financial matters The gross profit for the year totals DKK 185.439 against TDKK 45 last year. Income from ordinary activities after tax totals DKK 93.788 against TDKK 47 last year. Management considers the net profit for the year satisfactory. The annual report for Allgoodspeakers ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Gross profit Gross profit comprises the revenue, changes in inventories of finished goods, and work in progress, work performed for own account and capitalised, other operating income, and external costs. The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Recognition of revenue is exclusive of VAT and taxes and less any discounts relating directly to sales. Other external expenses comprise expenses incurred for production, administration and premises etc. Staff costs Staff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Depreciation, amortisation, and writedown for impairment Depreciation, amortisation, and writedown for impairment comprise depreciation on, amortisation of, and writedown for impairment of intangible assets. Financial income and expenses Financial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses and transactions in foreign currency, amortisation of financial assets and liabilities, etc. Tax on net profit or loss for the year Tax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity. Intangible assets Development projects, patents, and licences Development costs and internally generated rights are recognised in the income statement as costs in the acquisition year. Patents and licenses are measured at cost less accrued amortisation. Patents are amortised on a straightline basis over the remaining patent period and licenses are amortised over the contract period, however, for a maximum of 10 years. Impairment loss relating to non-current assets The carrying amount of both intangible and tangible fixed assets as well as equity investments in subsidiaries are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. Writedown for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. Impairment relating to goodwill is not reversed. Receivables Receivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. The company has chosen to use IAS 39 as a basis for interpretation when recognising impairment of financial assets, which means that impairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired.If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Equity Reserve for development costs The reserve for development costs comprises recognised development costs less related deferred tax liabilities. The reserve cannot be used as dividends or for covering losses. The reserve is reduced or dissolved if the recognised development costs are amortised or abandoned. This is done by direct transfer to the distributable reserves of the equity. Liabilities other than provisions Other liabilities concerning payables to suppliers, and other payables are measured at amortised cost which usually corresponds to the nominal value. 405460492021-01-012021-12-31405460492020-01-012020-12-31405460492020-12-31405460492021-12-31405460492021-01-012021-12-311405460492021-01-012021-12-312405460492021-01-012021-12-311405460492021-01-012021-12-311405460492021-01-012021-12-31e:RestOfOtherReservesMember405460492020-01-012020-12-31e:RestOfOtherReservesMember405460492021-01-012021-12-31e:RetainedEarningsMember405460492020-01-012020-12-31e:RetainedEarningsMemberiso4217:DKKxbrli:pure