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Registration number: 01666269

Envirosound Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Envirosound Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Envirosound Limited

(Registration number: 01666269)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

52,529

20,693

Current assets

 

Debtors

6

244,934

166,689

Cash at bank and in hand

 

710,311

432,840

 

955,245

599,529

Creditors: Amounts falling due within one year

7

(505,620)

(208,504)

Net current assets

 

449,625

391,025

Net assets

 

502,154

411,718

Capital and reserves

 

Called up share capital

6,700

6,700

Capital redemption reserve

500

500

Retained earnings

494,954

404,518

Shareholders' funds

 

502,154

411,718

 

Envirosound Limited

(Registration number: 01666269)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
D Brown
Director

 

Envirosound Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8
Murrell Green Business Park
London Road
Basingstoke
Hants
RG27 9GR
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Envirosound Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% per annum of net book value

Fixtures and fittings

25% per annum of net book value

Motor vehicles

0%

Office equipment

25% per annum of net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for soundproof engineering services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Envirosound Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Taxation

2023

2022

£

£

Corporation tax

38,724

3,692

 

38,724

3,692

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

18,179

45,804

64,932

2,733

131,648

Additions

499

-

4,459

42,673

47,631

Disposals

-

-

(63,284)

-

(63,284)

At 30 November 2023

18,678

45,804

6,107

45,406

115,995

Depreciation

At 1 December 2022

16,493

45,738

48,724

-

110,955

Charge for the year

505

17

838

-

1,360

Eliminated on disposal

-

-

(48,849)

-

(48,849)

At 30 November 2023

16,998

45,755

713

-

63,466

Carrying amount

At 30 November 2023

1,680

49

5,394

45,406

52,529

At 30 November 2022

1,686

66

16,208

2,733

20,693

 

Envirosound Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

234,945

157,758

Prepayments

9,789

8,731

Other debtors

200

200

 

244,934

166,689

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

228,445

110,105

Amounts owed to group undertakings

52,189

53,353

Taxation and social security

62,886

19,382

Other creditors

162,100

25,664

505,620

208,504

8

Parent and ultimate parent undertaking

The company's immediate parent is Envirosound Holdings Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House.