IRIS Accounts Production v23.3.0.418 05743898 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057438982022-03-31057438982023-03-31057438982022-04-012023-03-31057438982021-03-31057438982021-04-012022-03-31057438982022-03-3105743898ns16:EnglandWales2022-04-012023-03-3105743898ns15:PoundSterling2022-04-012023-03-3105743898ns11:Director12022-04-012023-03-3105743898ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105743898ns11:SmallEntities2022-04-012023-03-3105743898ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105743898ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105743898ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105743898ns11:FullAccounts2022-04-012023-03-3105743898ns11:OrdinaryShareClass12022-04-012023-03-3105743898ns11:CompanySecretary12022-04-012023-03-3105743898ns11:RegisteredOffice2022-04-012023-03-3105743898ns6:CurrentFinancialInstruments2023-03-3105743898ns6:CurrentFinancialInstruments2022-03-3105743898ns6:ShareCapital2023-03-3105743898ns6:ShareCapital2022-03-3105743898ns6:RetainedEarningsAccumulatedLosses2023-03-3105743898ns6:RetainedEarningsAccumulatedLosses2022-03-3105743898ns6:PlantMachinery2022-04-012023-03-3105743898ns6:PlantMachinery2022-03-3105743898ns6:PlantMachinery2023-03-3105743898ns6:PlantMachinery2022-03-3105743898ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105743898ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3105743898ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 05743898 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOUNDTEK LIMITED

SOUNDTEK LIMITED (REGISTERED NUMBER: 05743898)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOUNDTEK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: H B O Elliott





SECRETARY: G Elliott





REGISTERED OFFICE: 8 Longmoor Close
Wolverhampton
West Midlands
WV11 3TD





REGISTERED NUMBER: 05743898 (England and Wales)





ACCOUNTANTS: Astbury Accountants Limited
12 Northgate
Bridgnorth
Shropshire
WV16 4ER

SOUNDTEK LIMITED (REGISTERED NUMBER: 05743898)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145 290

CURRENT ASSETS
Debtors 5 2,400 1,322
Cash at bank 14,091 8,272
16,491 9,594
CREDITORS
Amounts falling due within one year 6 9,583 9,051
NET CURRENT ASSETS 6,908 543
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,053

833

PROVISIONS FOR LIABILITIES 27 55
NET ASSETS 7,026 778

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,926 678
SHAREHOLDERS' FUNDS 7,026 778

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 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 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 director and authorised for issue on 7 November 2023 and were signed by:



H B O Elliott - Director


SOUNDTEK LIMITED (REGISTERED NUMBER: 05743898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Soundtek 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 represents gross invoiced sales of services, less value added tax calculated at a flat rate on those gross sales at the appropriate rate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Financial instruments
(i) Cash and cash Equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, and bank overdrafts.
(ii) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 1 (2022 - 1 ) .

SOUNDTEK LIMITED (REGISTERED NUMBER: 05743898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 5,599
DEPRECIATION
At 1 April 2022 5,309
Charge for year 145
At 31 March 2023 5,454
NET BOOK VALUE
At 31 March 2023 145
At 31 March 2022 290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,400 640
Other debtors - 682
2,400 1,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 1,988 470
Other creditors 7,595 8,581
9,583 9,051

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100