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Company Registration No. 10517399 (England and Wales)
Calibre Sound Ltd Unaudited accounts for the year ended 31 December 2021
Calibre Sound Ltd Unaudited accounts Contents
Page
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Calibre Sound Ltd Company Information for the year ended 31 December 2021
Directors
David Pilcher Stephanie Pilcher
Company Number
10517399 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX UK
Accountants
Steffanie Hartley 9A Tufton Street London SW1P 3QB
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Calibre Sound Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,831 
4,183 
Current assets
Debtors
21,306 
508 
Cash at bank and in hand
30,082 
17,159 
51,388 
17,667 
Creditors: amounts falling due within one year
(26,004)
(5,467)
Net current assets
25,384 
12,200 
Net assets
32,215 
16,383 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
32,211 
16,379 
Shareholders' funds
32,215 
16,383 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2022 and were signed on its behalf by
David Pilcher Director Company Registration No. 10517399
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Calibre Sound Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Calibre Sound Ltd is a private company, limited by shares, registered in England and Wales, registration number 10517399. The registered office is Kemp House, 160 City Road, London, EC1V 2NX, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are all related to music equipment. They are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
7 years
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
4,643 
Additions
4,321 
Disposals
(670)
At 31 December 2021
8,294 
Depreciation
At 1 January 2021
460 
Charge for the year
1,343 
On disposals
(340)
At 31 December 2021
1,463 
Net book value
At 31 December 2021
6,831 
At 31 December 2020
4,183 
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Calibre Sound Ltd Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
11,304 
504 
Other debtors
10,002 
4 
21,306 
508 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
11,000 
- 
Taxes and social security
10,948 
1,411 
Other creditors
4,056 
4,056 
26,004 
5,467 
The company received a Bounce Back loan of £11,000 in January 2021. This was repaid in full in January 2022.
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to Director
- 
4,999 
- 
4,999 
Loan to Director
- 
4,999 
- 
4,999 
- 
9,998 
- 
9,998 
The Directors took loans from the company in September 2021 which were repaid to the company in April 2022. The balance is shown in other debtors.
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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