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REGISTERED NUMBER: 13974134 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MUSEUM SOUND DESIGN LIMITED

MUSEUM SOUND DESIGN LIMITED (REGISTERED NUMBER: 13974134)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


MUSEUM SOUND DESIGN LIMITED (REGISTERED NUMBER: 13974134)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,867 5,109

CURRENT ASSETS
Debtors 5 39,355 5,572
Cash at bank and in hand 18,262 15,856
57,617 21,428
CREDITORS
Amounts falling due within one year 6 (22,992 ) (10,766 )
NET CURRENT ASSETS 34,625 10,662
TOTAL ASSETS LESS CURRENT LIABILITIES 40,492 15,771

PROVISIONS FOR LIABILITIES 7 (2,000 ) (1,300 )
NET ASSETS 38,492 14,471

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,392 14,371
38,492 14,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 12 August 2024 and were signed by:





P Key - Director


MUSEUM SOUND DESIGN LIMITED (REGISTERED NUMBER: 13974134)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Museum Sound Design Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13974134

Registered office: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover on a project is recognised according to the proportion of the work that has been completed.

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- 3 years straight line
Computer equipment- 3 years straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

MUSEUM SOUND DESIGN LIMITED (REGISTERED NUMBER: 13974134)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 5,722
Additions 3,629
At 31 March 2024 9,351
DEPRECIATION
At 1 April 2023 613
Charge for year 2,871
At 31 March 2024 3,484
NET BOOK VALUE
At 31 March 2024 5,867
At 31 March 2023 5,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 37,807 4,105
Other debtors 30 30
Prepayments and accrued income 1,518 1,437
39,355 5,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 11 -
Tax 5,980 2,184
VAT 5,690 241
Other creditors 459 30
Directors' current accounts 8,601 6,561
Accruals and deferred income 2,251 1,750
22,992 10,766

7. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 2,000 1,300

MUSEUM SOUND DESIGN LIMITED (REGISTERED NUMBER: 13974134)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,300
Provided during year 700
Balance at 31 March 2024 2,000