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Company Registration No. 06977154 (England and Wales)
Sound Training for Reading Ltd Unaudited accounts for the year ended 31 July 2023
Sound Training for Reading Ltd Unaudited accounts Contents
Page
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Sound Training for Reading Ltd Company Information for the year ended 31 July 2023
Directors
Mrs A Dickenson Mr S Grant Mrs S L Lawrence-Ledger Mrs C M Parkinson Ms L Parkinson Mr A MacColl
Company Number
06977154 (England and Wales)
Registered Office
Victoria House Pearson Way Thornaby Stockton-On-Tees TS17 6PT England
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Sound Training for Reading Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,050 
25,993 
Investments
78 
- 
42,128 
25,993 
Current assets
Inventories
68,534 
49,905 
Debtors
229,734 
251,795 
Cash at bank and in hand
622,922 
435,246 
921,190 
736,946 
Creditors: amounts falling due within one year
(504,349)
(518,452)
Net current assets
416,841 
218,494 
Total assets less current liabilities
458,969 
244,487 
Creditors: amounts falling due after more than one year
(31,667)
- 
Net assets
427,302 
244,487 
Capital and reserves
Called up share capital
76 
125 
Share premium
34,470 
99,950 
Capital redemption reserve
74 
25 
Profit and loss account
392,682 
144,387 
Shareholders' funds
427,302 
244,487 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Mrs C M Parkinson Director Company Registration No. 06977154
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Sound Training for Reading Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Sound Training for Reading Ltd is a private company, limited by shares, registered in England and Wales, registration number 06977154. The registered office is Victoria House Pearson Way, Thornaby, Stockton-On-Tees, TS17 6PT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% SLM
Fixtures & fittings
25% SLM
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
101,421 
68,588 
170,009 
Additions
- 
30,450 
30,450 
At 31 July 2023
101,421 
99,038 
200,459 
Depreciation
At 1 August 2022
85,487 
58,529 
144,016 
Charge for the year
7,453 
6,940 
14,393 
At 31 July 2023
92,940 
65,469 
158,409 
Net book value
At 31 July 2023
8,481 
33,569 
42,050 
At 31 July 2022
15,934 
10,059 
25,993 
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Sound Training for Reading Ltd Notes to the Accounts for the year ended 31 July 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2022
- 
Additions
78 
Valuation at 31 July 2023
78 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
149,215 
232,379 
Accrued income and prepayments
36,143 
16,952 
Other debtors
44,376 
2,464 
229,734 
251,795 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,688 
47,124 
VAT
56,398 
80,260 
Trade creditors
44,482 
21,234 
Taxes and social security
47,651 
12,903 
Other creditors
4,159 
2,657 
Deferred income
325,971 
354,274 
504,349 
518,452 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,667 
- 
9
Average number of employees
During the year the average number of employees was 40 (2022: 40).
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