Company Registration No. 8188588 (England and Wales)
THE BW SOUND Ltd
Unaudited accounts
for the year ended 31 August 2023
THE BW SOUND Ltd
Unaudited accounts
Contents
THE BW SOUND Ltd
Company Information
for the year ended 31 August 2023
Company Number
8188588 (England and Wales)
Registered Office
Unit 8 The Admiral Park
Airport Service Road
PORTSMOUTH
Hampshire
PO3 5RQ
UK
Accountants
P and J Accounting Services Limited
16 Sumar Close
Stubbington
Fareham
Hampshire
PO14 2EH
THE BW SOUND Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
4,000
4,000
Tangible assets
23,391
26,860
Cash at bank and in hand
(2,320)
(3,437)
Creditors: amounts falling due within one year
(23,354)
(21,203)
Net current liabilities
(20,741)
(19,707)
Called up share capital
10,000
10,000
Profit and loss account
(3,350)
1,153
Shareholders' funds
6,650
11,153
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 22 April 2024 and were signed on its behalf by
BEN WHYNTIE
Director
Company Registration No. 8188588
THE BW SOUND Ltd
Notes to the Accounts
for the year ended 31 August 2023
THE BW SOUND Ltd is a private company, limited by shares, registered in England and Wales, registration number 8188588. The registered office is Unit 8 The Admiral Park, Airport Service Road , PORTSMOUTH, Hampshire , PO3 5RQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
15%
There is no provision to amortise intangible assets over their expected life.
4
Intangible fixed assets
Goodwill
THE BW SOUND Ltd
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
1,344
70,821
5,727
77,892
Disposals
-
(7,039)
-
(7,039)
At 31 August 2023
1,344
64,313
5,727
71,384
At 1 September 2022
-
48,202
2,830
51,032
Charge for the year
-
4,000
-
4,000
On disposals
-
(7,039)
-
(7,039)
At 31 August 2023
-
45,163
2,830
47,993
At 31 August 2023
1,344
19,150
2,897
23,391
At 31 August 2022
1,344
22,619
2,897
26,860
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,100
12,200
Taxes and social security
226
-
Loans from directors
12,328
8,323
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).