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REGISTERED NUMBER: 08265945 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 October 2023

for

Sound-Affair AV Limited

Sound-Affair AV Limited (Registered number: 08265945)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sound-Affair AV Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J D Hartley





REGISTERED OFFICE: Talmont
Castleross Road
Pevensey Bay
Pevensey
East Sussex
BN24 6JB





REGISTERED NUMBER: 08265945 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Sound-Affair AV Limited (Registered number: 08265945)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,972 22,120

CURRENT ASSETS
Stocks 16,540 16,229
Debtors 5 (4,197 ) 11,517
Cash at bank and in hand 15,606 16,456
27,949 44,202
CREDITORS
Amounts falling due within one year 6 18,699 22,116
NET CURRENT ASSETS 9,250 22,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,222

44,206

CREDITORS
Amounts falling due after more than one
year

7

(13,000

)

-

PROVISIONS FOR LIABILITIES (8,355 ) (4,203 )
NET ASSETS 31,867 40,003

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,767 39,903
SHAREHOLDERS' FUNDS 31,867 40,003

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Sound-Affair AV Limited (Registered number: 08265945)

Balance Sheet - continued
31 October 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 director and authorised for issue on 17 July 2024 and were signed by:





J D Hartley - Director


Sound-Affair AV Limited (Registered number: 08265945)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Sound-Affair AV 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.

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 reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 ) .

Sound-Affair AV Limited (Registered number: 08265945)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 22,797 8,000 18,995 8,672 58,464
Additions 15,828 - 25,495 - 41,323
Disposals - - (18,995 ) - (18,995 )
At 31 October 2023 38,625 8,000 25,495 8,672 80,792
DEPRECIATION
At 1 November 2022 9,505 6,537 14,488 5,814 36,344
Charge for year 7,281 366 6,374 943 14,964
Eliminated on disposal - - (14,488 ) - (14,488 )
At 31 October 2023 16,786 6,903 6,374 6,757 36,820
NET BOOK VALUE
At 31 October 2023 21,839 1,097 19,121 1,915 43,972
At 31 October 2022 13,292 1,463 4,507 2,858 22,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors (4,997 ) 1,980
Other debtors 800 9,537
(4,197 ) 11,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 4,000 3,620
Trade creditors 3,107 1,330
Taxation and social security 3,469 13,958
Other creditors 8,123 3,208
18,699 22,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 13,000 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,970 (2022 - £24,030) were paid to the director .

Sound-Affair AV Limited (Registered number: 08265945)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RELATED PARTY DISCLOSURES - continued

The company was controlled throughout the current and previous year by the director Mr J D Hartley.

Included in other creditor is £304 (2022 - £5,737 debtor) owed to the director, Mr J D Hartley.

9. GOING CONCERN

The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.