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REGISTERED NUMBER: 02446531 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

Sound Homes Limited

Sound Homes Limited (Registered number: 02446531)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Sound Homes Limited

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: F Kassam
Ms F Kassam





SECRETARY: Ms F Kassam





REGISTERED OFFICE: C/O Mcak & Co
No15, 1st Floor,
Princeton Mews, 167-169 London Road
Kingston Upon Thames
Surrey
KT2 6PT





REGISTERED NUMBER: 02446531 (England and Wales)





ACCOUNTANTS: Mcak & Co ,
Financial Accountants
No15, 1st Floor.
Princeton Mews
167-169 London Road
Kingston Upon Thames
Surrey
KT2 6PT

Sound Homes Limited (Registered number: 02446531)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 358,646 352,420
358,646 352,420

CURRENT ASSETS
Debtors 6 32,616 58,556
Cash at bank and in hand 369,235 337,495
401,851 396,051
CREDITORS
Amounts falling due within one year 7 100,622 118,891
NET CURRENT ASSETS 301,229 277,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,875

629,580

CREDITORS
Amounts falling due after more than one
year

8

35,712

45,272
NET ASSETS 624,163 584,308

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 623,163 583,308
624,163 584,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sound Homes Limited (Registered number: 02446531)

BALANCE SHEET - continued
31 March 2023


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 Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





F Kassam - Director


Sound Homes Limited (Registered number: 02446531)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sound Homes 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 25 ) .

Sound Homes Limited (Registered number: 02446531)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 445,787 379,679 825,466
Additions - 41,465 41,465
At 31 March 2023 445,787 421,144 866,931
DEPRECIATION
At 1 April 2022 211,105 261,941 473,046
Charge for year 4,670 30,569 35,239
At 31 March 2023 215,775 292,510 508,285
NET BOOK VALUE
At 31 March 2023 230,012 128,634 358,646
At 31 March 2022 234,682 117,738 352,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 32,266 58,556
Other debtors 350 -
32,616 58,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,057 -
Taxation and social security 48,663 91,347
Other creditors 49,902 27,544
100,622 118,891

Sound Homes Limited (Registered number: 02446531)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 35,646 45,272
Other creditors 66 -
35,712 45,272

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,646 45,272