0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-31 Sage Accounts Production Advanced 2023 - FRS102_2023 8,069 8,069 8,069 8,069 xbrli:pure xbrli:shares iso4217:GBP 08027512 2022-12-31 2023-12-30 08027512 2023-12-30 08027512 2022-12-30 08027512 2021-12-31 2022-12-30 08027512 2022-12-30 08027512 2021-12-30 08027512 bus:Director1 2022-12-31 2023-12-30 08027512 core:WithinOneYear 2023-12-30 08027512 core:WithinOneYear 2022-12-30 08027512 core:ShareCapital 2023-12-30 08027512 core:ShareCapital 2022-12-30 08027512 core:RetainedEarningsAccumulatedLosses 2023-12-30 08027512 core:RetainedEarningsAccumulatedLosses 2022-12-30 08027512 bus:SmallEntities 2022-12-31 2023-12-30 08027512 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-30 08027512 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 08027512 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 08027512 bus:FullAccounts 2022-12-31 2023-12-30 08027512 core:ComputerEquipment 2022-12-31 2023-12-30 08027512 core:ComputerEquipment 2022-12-30
COMPANY REGISTRATION NUMBER: 08027512
SOUND MANAGEMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 December 2023
SOUND MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION
30 December 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
6
142,690
86,660
Cash at bank and in hand
1,652
256
---------
--------
144,342
86,916
CREDITORS: amounts falling due within one year
7
( 14,642)
( 1,941)
---------
--------
NET CURRENT ASSETS
129,700
84,975
---------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
129,700
84,975
---------
--------
NET ASSETS
129,700
84,975
---------
--------
CAPITAL AND RESERVES
Called up share capital
99
99
Profit and loss account
129,601
84,876
---------
--------
SHAREHOLDERS FUNDS
129,700
84,975
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 September 2024 , and are signed on behalf of the board by:
S Allison
Director
Company registration number: 08027512
SOUND MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Faversham, 1-5 Springfield Mount, Leeds, West Yorkshire, LS2 9NG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
5. TANGIBLE ASSETS
Computer Equipment
Total
£
£
Cost
At 31 December 2022
8,069
8,069
Disposals
( 8,069)
( 8,069)
-------
-------
At 30 December 2023
-------
-------
Depreciation
At 31 December 2022
8,069
8,069
Disposals
( 8,069)
( 8,069)
-------
-------
At 30 December 2023
-------
-------
Carrying amount
At 30 December 2023
-------
-------
At 30 December 2022
-------
-------
6. DEBTORS
2023
2022
£
£
Trade debtors
4,172
Other debtors
142,690
82,488
---------
--------
142,690
86,660
---------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
486
Corporation tax
13,724
Other creditors
918
1,455
--------
-------
14,642
1,941
--------
-------