REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2021 |
for |
Sound Venture Records Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2021 |
for |
Sound Venture Records Limited |
Sound Venture Records Limited (Registered number: 11020514) |
Contents of the Financial Statements |
for the Year Ended 31 October 2021 |
Page |
Chartered accountants' report | 1 |
Statement of financial position | 2 | to | 3 |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Sound Venture Records Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement is not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sound Venture Records Limited for the year ended 31 October 2021 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Sound Venture Records Limited in accordance with the terms of our engagement letter dated 5 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Sound Venture Records Limited and state those matters that we have agreed to state to the director of Sound Venture Records Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sound Venture Records Limited and its director for our work or for this report. |
It is your duty to ensure that Sound Venture Records Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sound Venture Records Limited. You consider that Sound Venture Records Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Sound Venture Records Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Moore Thompson |
Bank House |
Broad Street |
Spalding |
Lincolnshire |
PE11 1TB |
Sound Venture Records Limited (Registered number: 11020514) |
Statement of Financial Position |
31 October 2021 |
2021 | 2020 |
£ | £ | £ | £ |
Fixed assets |
Current assets |
Prepayments and accrued income |
Creditors |
Amounts falling due within one year | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Accruals and deferred income |
Net liabilities | ( |
) | ( |
) |
Capital and reserves | ( |
) | ( |
) |
Notes to the financial statements |
1. | Statutory information |
Sound Venture Records Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Average number of employees |
The average number of employees during the year was |
3. | Going concern |
At the balance sheet date, current liabilities exceed current assets by £27,783. This is due to the director's current account being included in creditors due within one year. However, the director has indicated that he will not withdraw from this account in preference to other creditors, that they have operated within their bank facilities and that the accounts have been prepared on a going concern basis. |
Sound Venture Records Limited (Registered number: 11020514) |
Statement of Financial Position - continued |
31 October 2021 |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |