Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03898707 Conrad Philip Fairburn Inman Fletcher Conrad Philip Fairburn Inman Fletcher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03898707 2022-12-31 03898707 2023-12-31 03898707 2023-01-01 2023-12-31 03898707 frs-core:CurrentFinancialInstruments 2023-12-31 03898707 frs-core:ComputerEquipment 2023-12-31 03898707 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03898707 frs-core:ComputerEquipment 2022-12-31 03898707 frs-core:MotorVehicles 2023-12-31 03898707 frs-core:MotorVehicles 2023-01-01 2023-12-31 03898707 frs-core:MotorVehicles 2022-12-31 03898707 frs-core:PlantMachinery 2023-12-31 03898707 frs-core:PlantMachinery 2023-01-01 2023-12-31 03898707 frs-core:PlantMachinery 2022-12-31 03898707 frs-core:ShareCapital 2023-12-31 03898707 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03898707 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03898707 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03898707 frs-bus:SmallEntities 2023-01-01 2023-12-31 03898707 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03898707 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03898707 frs-bus:Director1 2023-01-01 2023-12-31 03898707 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03898707 frs-countries:EnglandWales 2023-01-01 2023-12-31 03898707 2021-12-31 03898707 2022-12-31 03898707 2022-01-01 2022-12-31 03898707 frs-core:CurrentFinancialInstruments 2022-12-31 03898707 frs-core:ShareCapital 2022-12-31 03898707 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03898707
Soundesign Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Fusion Accountants Ltd
ICAEW, ATT
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Conrad Philip Fairburn Inman Fletcher
Secretary Conrad Philip Fairburn Inman Fletcher
Company Number 03898707
Registered Office Comptons, Cobbetts Ridge
Farnham
Surrey
GU10 1RQ
Accountants Fusion Accountants Ltd
ICAEW, ATT
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 1
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Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Soundesign Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Soundesign Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Soundesign Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Soundesign Limited and state those matters that we have agreed to state to the director of Soundesign Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Soundesign Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Soundesign Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Soundesign Limited . You consider that Soundesign Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Soundesign Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
31/07/2024
Fusion Accountants Ltd
ICAEW, ATT
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 2
Page 3
Balance Sheet
Registered number: 03898707
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 224,701 257,370
224,701 257,370
CURRENT ASSETS
Debtors 5 51,850 45,107
Cash at bank and in hand 245,735 282,274
297,585 327,381
Creditors: Amounts Falling Due Within One Year 6 (57,288 ) (111,580 )
NET CURRENT ASSETS (LIABILITIES) 240,297 215,801
TOTAL ASSETS LESS CURRENT LIABILITIES 464,998 473,171
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,099 ) (48,901 )
NET ASSETS 422,899 424,270
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 421,899 423,270
SHAREHOLDERS' FUNDS 422,899 424,270
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For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 31 July 2024 and were signed on its behalf by:
Conrad Philip Fairburn Inman Fletcher
Director
31/07/2024
The notes on pages 5 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Soundesign Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03898707 . The registered office is Comptons, Cobbetts Ridge, Farnham, Surrey, GU10 1RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
Monetary figures for this client's accounts will be reported in United Kingdom, Pounds sterling £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery depreciated 25% to 33% on reducing balance method.
Motor Vehicles depreciated 25% on reducing balance method.
Computer Equipment depreciated 25% on reducing balance method.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 786,738 126,133 15,432 928,303
Additions 58,794 - 4,898 63,692
As at 31 December 2023 845,532 126,133 20,330 991,995
Depreciation
As at 1 January 2023 558,191 103,684 9,058 670,933
Provided during the period 87,931 5,612 2,818 96,361
As at 31 December 2023 646,122 109,296 11,876 767,294
Net Book Value
As at 31 December 2023 199,410 16,837 8,454 224,701
As at 1 January 2023 228,547 22,449 6,374 257,370
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 50,482 37,406
Prepayments and accrued income 1,368 -
VAT - 7,701
51,850 45,107
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 87,984
Bank loans and overdrafts 6,781 14,165
Other taxes and social security 27,277 7,526
VAT 22,596 -
Other creditors - 829
Director's loan account 634 1,076
57,288 111,580
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
1,000 Ordinary shares of £1 each 
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