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
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
Sound Training for Reading Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
42,050
25,993
Cash at bank and in hand
622,922
435,246
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
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
Sound Training for Reading Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
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:
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
At 31 July 2023
101,421
99,038
200,459
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
At 31 July 2023
8,481
33,569
42,050
At 31 July 2022
15,934
10,059
25,993
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
-
Valuation at 31 July 2023
78
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
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,688
47,124
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 40 (2022: 40).