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REGISTERED NUMBER: 06457561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ECLECTIC SOUNDS LIMITED

ECLECTIC SOUNDS LIMITED (Registered number: 06457561)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECLECTIC SOUNDS LIMITED

Company Information
for the Year Ended 31 DECEMBER 2023







DIRECTORS: S P R Elms
C Smith
C Wilson





SECRETARY: S P R Elms





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 06457561 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

ECLECTIC SOUNDS LIMITED (Registered number: 06457561)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,389 20,200

CURRENT ASSETS
Debtors 5 401,250 504,791
Cash at bank 178,076 279,214
579,326 784,005
CREDITORS
Amounts falling due within one year 6 186,705 323,159
NET CURRENT ASSETS 392,621 460,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,010

481,046

CREDITORS
Amounts falling due after more than one year 7 (15,833 ) (25,833 )

PROVISIONS FOR LIABILITIES (2,552 ) (3,221 )
NET ASSETS 390,625 451,992

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 380,625 441,992
SHAREHOLDERS' FUNDS 390,625 451,992

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ECLECTIC SOUNDS LIMITED (Registered number: 06457561)

Balance Sheet - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





S P R Elms - Director


ECLECTIC SOUNDS LIMITED (Registered number: 06457561)

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

1. STATUTORY INFORMATION

ECLECTIC SOUNDS 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 represents net invoiced services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer and studio equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 5 ) .

ECLECTIC SOUNDS LIMITED (Registered number: 06457561)

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

4. TANGIBLE FIXED ASSETS
Computer
Fixtures and
and studio
Website fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 102,689 34,649 52,481 189,819
Additions - 229 362 591
At 31 December 2023 102,689 34,878 52,843 190,410
DEPRECIATION
At 1 January 2023 97,795 28,202 43,622 169,619
Charge for year 1,223 1,335 1,844 4,402
At 31 December 2023 99,018 29,537 45,466 174,021
NET BOOK VALUE
At 31 December 2023 3,671 5,341 7,377 16,389
At 31 December 2022 4,894 6,447 8,859 20,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 388,548 482,597
Other debtors 9,163 7,985
Prepayments 3,539 14,209
401,250 504,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,491 55,730
Tax 33,600 88,982
Social security and other taxes 3,519 7,292
VAT 8,963 32,399
Dividends payable - 45,000
Other creditors 24,024 4,024
Directors' current accounts 1,054 66
Accrued expenses 95,054 79,666
186,705 323,159

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,833
15,833 25,833

ECLECTIC SOUNDS LIMITED (Registered number: 06457561)

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

8. RELATED PARTY DISCLOSURES

Management fees receivable of £60,000 and rents received of £60,000 are from Bark Soho Limited, a company under the control of the controlling parties of Eclectic Sounds Limited.

Management fees of £13,000 was received from Syncbubble.com Limited, a company of which Mr S Elms is a director and shareholder.

Other debtors includes an amount of £8,860 due from Bark Soho Limited.

Other creditors is an amount due to Syncbubble.com Limited, a company of which Mr S Elms is a director and shareholder.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout this and the previous year by virtue of their controlling shareholdings.