IRIS Accounts Production v24.2.0.383 13400917 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134009172023-03-31134009172024-03-31134009172023-04-012024-03-31134009172022-03-31134009172022-04-012023-03-31134009172023-03-3113400917ns15:EnglandWales2023-04-012024-03-3113400917ns14:PoundSterling2023-04-012024-03-3113400917ns10:Director12023-04-012024-03-3113400917ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113400917ns10:SmallEntities2023-04-012024-03-3113400917ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3113400917ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113400917ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113400917ns10:FullAccounts2023-04-012024-03-311340091712023-04-012024-03-3113400917ns10:RegisteredOffice2023-04-012024-03-3113400917ns5:CurrentFinancialInstruments2024-03-3113400917ns5:CurrentFinancialInstruments2023-03-3113400917ns5:ShareCapital2024-03-3113400917ns5:ShareCapital2023-03-3113400917ns5:RetainedEarningsAccumulatedLosses2024-03-3113400917ns5:RetainedEarningsAccumulatedLosses2023-03-3113400917ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-03-3113400917ns5:ComputerEquipment2023-04-012024-03-3113400917ns5:IntangibleAssetsOtherThanGoodwill2023-03-3113400917ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113400917ns5:IntangibleAssetsOtherThanGoodwill2024-03-3113400917ns5:IntangibleAssetsOtherThanGoodwill2023-03-3113400917ns5:ComputerEquipment2023-03-3113400917ns5:ComputerEquipment2024-03-3113400917ns5:ComputerEquipment2023-03-3113400917ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113400917ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 13400917 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Signalnoise Studio Ltd

Signalnoise Studio Ltd (Registered number: 13400917)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Signalnoise Studio Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J G White





REGISTERED OFFICE: 38 Percy Road
Whitley Bay
Newcastle Upon Tyne
Tyne and Wear
NE26 2AY





REGISTERED NUMBER: 13400917 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Signalnoise Studio Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Signalnoise Studio Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Signalnoise Studio Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Signalnoise Studio Ltd and state those matters that we have agreed to state to the director of Signalnoise Studio Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Signalnoise Studio Ltd and its director for our work or for this report.

It is your duty to ensure that Signalnoise Studio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Signalnoise Studio Ltd. You consider that Signalnoise Studio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Signalnoise Studio Ltd. 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 statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


18 September 2024

Signalnoise Studio Ltd (Registered number: 13400917)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,131 28,126
Tangible assets 5 2,791 2,961
48,922 31,087

CURRENT ASSETS
Debtors 6 14,732 17,132
Cash at bank 22,329 4,453
37,061 21,585
CREDITORS
Amounts falling due within one year 7 80,111 95,649
NET CURRENT LIABILITIES (43,050 ) (74,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,872

(42,977

)

PROVISIONS FOR LIABILITIES 530 -
NET ASSETS/(LIABILITIES) 5,342 (42,977 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 5,332 (42,987 )
5,342 (42,977 )

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 18 September 2024 and were signed by:





Mr J G White - Director


Signalnoise Studio Ltd (Registered number: 13400917)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Signalnoise Studio Ltd 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 as modified by the revaluation of certain assets.

Despite the company being in an insolvent position, there are no going concern issues and the company has the support of its Director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets relating to Cryptocurrency are valued at fair value with any fair value movement recognised in the profit and loss and therefore no amortisation is considered necessary but as part of the fair value assessment an impairment review is carried out to ensure the value stated is the fair value held.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Signalnoise Studio Ltd (Registered number: 13400917)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 April 2023 28,126
Additions 12
Disposals (6,983 )
Impairments 24,976
At 31 March 2024 46,131
NET BOOK VALUE
At 31 March 2024 46,131
At 31 March 2023 28,126

Cost or valuation at 31 March 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2022 (4,504 )
Valuation in 2023 (20,037 )
Valuation in 2024 24,541
Cost 46,131
46,131

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 4,847
Additions 2,133
At 31 March 2024 6,980
DEPRECIATION
At 1 April 2023 1,886
Charge for year 2,303
At 31 March 2024 4,189
NET BOOK VALUE
At 31 March 2024 2,791
At 31 March 2023 2,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,400
Other debtors 14,732 14,732
14,732 17,132

Signalnoise Studio Ltd (Registered number: 13400917)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,260
Taxation and social security 4,740 -
Other creditors 75,371 94,389
80,111 95,649