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REGISTERED NUMBER: 02563876 (England and Wales)















BATES SOUND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022






BATES SOUND LIMITED (REGISTERED NUMBER: 02563876)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5


BATES SOUND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: Mrs S H Bates





SECRETARY: Mrs S H Bates





REGISTERED OFFICE: Ramper Farm
Wragby Road East
Lincoln
Lincolnshire
LN2 4QY





REGISTERED NUMBER: 02563876 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

BATES SOUND LIMITED (REGISTERED NUMBER: 02563876)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,185 5,229

CURRENT ASSETS
Stocks 300 300
Debtors 5 1,311 1,081
Cash at bank 7,852 4,644
9,463 6,025
CREDITORS
Amounts falling due within one year 6 7,149 4,279
NET CURRENT ASSETS 2,314 1,746
TOTAL ASSETS LESS CURRENT LIABILITIES 6,499 6,975

PROVISIONS FOR LIABILITIES 795 994
NET ASSETS 5,704 5,981

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 5,702 5,979
SHAREHOLDERS' FUNDS 5,704 5,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BATES SOUND LIMITED (REGISTERED NUMBER: 02563876)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2022


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

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

The financial statements were approved by the director and authorised for issue on 7 July 2022 and were signed by:





Mrs S H Bates - Director


BATES SOUND LIMITED (REGISTERED NUMBER: 02563876)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced hire and sales of goods, excluding value added tax.

Sales of goods are recognised upon delivery to customer. Goods hire sales are recognised in the period in which the services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BATES SOUND LIMITED (REGISTERED NUMBER: 02563876)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021
and 30 April 2022 183,407
DEPRECIATION
At 1 May 2021 178,178
Charge for year 1,044
At 30 April 2022 179,222
NET BOOK VALUE
At 30 April 2022 4,185
At 30 April 2021 5,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,238 1,008
Other debtors 73 73
1,311 1,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 1,072 237
Other creditors 6,077 4,042
7,149 4,279

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2