Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-02-01trueThe principal activity of the company during the year was that of television sound engineers.11true 08383059 2022-02-01 2023-01-31 08383059 2021-02-01 2022-01-31 08383059 2023-01-31 08383059 2022-01-31 08383059 c:Director1 2022-02-01 2023-01-31 08383059 d:OfficeEquipment 2022-02-01 2023-01-31 08383059 d:OfficeEquipment 2023-01-31 08383059 d:OfficeEquipment 2022-01-31 08383059 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08383059 d:CurrentFinancialInstruments 2023-01-31 08383059 d:CurrentFinancialInstruments 2022-01-31 08383059 c:OrdinaryShareClass1 2022-02-01 2023-01-31 08383059 c:OrdinaryShareClass1 2023-01-31 08383059 c:FRS102 2022-02-01 2023-01-31 08383059 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08383059 c:FullAccounts 2022-02-01 2023-01-31 08383059 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08383059 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 08383059 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08383059














TUDORSOUND LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 JANUARY 2023

 
TUDORSOUND LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
TUDORSOUND LIMITED
REGISTERED NUMBER:08383059

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
9,596
4,596

Current assets
  

Debtors: amounts falling due within one year
 5 
15,039
3,696

Cash at bank and in hand
  
23,007
31,821

  
38,046
35,517

Creditors: amounts falling due within one year
 6 
(17,936)
(13,304)

Net current assets
  
 
 
20,110
 
 
22,213

Total assets less current liabilities
  
29,706
26,809

  

Provisions for liabilities
  

Deferred taxation
 7 
(1,726)
(754)

  

Net assets
  
27,980
26,055


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
27,880
25,955

  
27,980
26,055


Page 1

 
TUDORSOUND LIMITED
REGISTERED NUMBER:08383059
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T E Davies
Director

Date: 17 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TUDORSOUND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Tudorsound Limited is a limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company during the year was that of television sound engineers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.Enter user text here...

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
TUDORSOUND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
TUDORSOUND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
TUDORSOUND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2022
24,977


Additions
8,199



At 31 January 2023

33,176



Depreciation


At 1 February 2022
20,381


Charge for the year on owned assets
3,199



At 31 January 2023

23,580



Net book value



At 31 January 2023
9,596



At 31 January 2022
4,596


5.


Debtors

2023
2022
£
£


Trade debtors
10,980
3,696

Other debtors
2,534
-

Prepayments and accrued income
1,525
-

15,039
3,696



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Taxation and social security
10,140
10,579

Other creditors
1,625
675

Accruals and deferred income
6,171
2,050

17,936
13,304


Page 6

 
TUDORSOUND LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Deferred taxation




2023


£






At beginning of year
(754)


Charged to profit or loss
(972)



At end of year
(1,726)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,726)
(754)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 7