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COMPANY REGISTRATION NUMBER: 06466359
FULL SOUND LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 October 2022
FULL SOUND LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 31 OCTOBER 2021 TO 29 OCTOBER 2022
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
FULL SOUND LIMITED
STATEMENT OF FINANCIAL POSITION
29 October 2022
29 Oct 22
30 Oct 21
Note
£
£
£
£
FIXED ASSETS
Investments
4
152,350
152,350
CURRENT ASSETS
Debtors
5
10,308
10,308
CREDITORS: amounts falling due within one year
6
( 17,876)
( 15,982)
--------
--------
NET CURRENT LIABILITIES
( 7,568)
( 5,674)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
144,782
146,676
CREDITORS: amounts falling due after more than one year
7
( 154,980)
( 154,980)
---------
---------
NET LIABILITIES
( 10,198)
( 8,304)
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 10,298)
( 8,404)
--------
-------
SHAREHOLDERS DEFICIT
( 10,198)
( 8,304)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FULL SOUND LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 October 2022
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 06466359
FULL SOUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 OCTOBER 2021 TO 29 OCTOBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences as a residual interest in the assets of the company after deducting all of its liabilities.
4. INVESTMENTS
Unlisted
£
Cost
At 31 October 2021 and 29 October 2022
152,350
---------
Impairment
At 31 October 2021 and 29 October 2022
---------
Carrying amount
At 29 October 2022
152,350
---------
At 30 October 2021
152,350
---------
5. DEBTORS
29 Oct 22
30 Oct 21
£
£
Other debtors
10,308
10,308
--------
--------
6. CREDITORS: amounts falling due within one year
29 Oct 22
30 Oct 21
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
14,648
14,608
Other creditors
3,228
1,374
--------
--------
17,876
15,982
--------
--------
7. CREDITORS: amounts falling due after more than one year
29 Oct 22
30 Oct 21
£
£
Director's loan account
154,980
154,980
---------
---------