Sounds Like Chaos Limited 10017072 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is performing arts Digita Accounts Production Advanced 6.30.9574.0 true 10017072 2023-04-01 2024-03-31 10017072 2024-03-31 10017072 core:CurrentFinancialInstruments 2024-03-31 10017072 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10017072 bus:SmallEntities 2023-04-01 2024-03-31 10017072 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10017072 bus:FilletedAccounts 2023-04-01 2024-03-31 10017072 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10017072 bus:RegisteredOffice 2023-04-01 2024-03-31 10017072 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 10017072 bus:Director2 2023-04-01 2024-03-31 10017072 bus:Director3 2023-04-01 2024-03-31 10017072 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 10017072 core:OtherRelatedParties 2023-04-01 2024-03-31 10017072 core:UKTax 2023-04-01 2024-03-31 10017072 countries:EnglandWales 2023-04-01 2024-03-31 10017072 2022-04-01 2023-03-31 10017072 2023-03-31 10017072 core:CurrentFinancialInstruments 2023-03-31 10017072 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10017072 core:UKTax 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10017072

Sounds Like Chaos Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Sounds Like Chaos Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sounds Like Chaos Limited

Company Information

Directors

Roisin Feeny

Gemma Rowan

Rose Alexander

Company secretary

Roisin Feeny

Registered office

9 Hare & Billet Road
Blackheath
SE3 0RB

Accountants

Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 0RB

 

Sounds Like Chaos Limited

(Registration number: 10017072)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

2,716

9,393

Cash at bank and in hand

 

49,622

19,683

 

52,338

29,076

Creditors: Amounts falling due within one year

6

(39,869)

(22,273)

Net assets

 

12,469

6,803

Reserves

 

Retained earnings

12,469

6,803

Surplus

 

12,469

6,803

For the financial year ending 31 March 2024 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 25 September 2024 and signed on its behalf by:
 

.........................................
Roisin Feeny
Company secretary and director

 

Sounds Like Chaos Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

These financial statements were authorised for issue by the Board on 25 September 2024.

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.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

 

Sounds Like Chaos Limited

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and is recognised when the service is delivered. If work straddles the year end it is apportioned on a pro-rata basis.


Other grants
Grants are treated in accordance with the accruals concept, so requires the revenue and costs are matched so far that their relationship can be established or justifiably assumed.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Sounds Like Chaos Limited

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Taxation

Tax charged/(credited) in the income statement

2024
£

2023
£

Current taxation

UK corporation tax

1,255

(3,911)

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,200

5,000

Prepayments

516

482

Other debtors

-

3,911

 

2,716

9,393

 

Sounds Like Chaos Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

8

-

5,369

Social security and other taxes

 

432

1,842

Outstanding defined contribution pension costs

 

346

400

Accruals

 

4,309

1,662

Corporation tax

1,255

-

Deferred income

 

33,527

13,000

 

39,869

22,273

7

Financial commitments, guarantees and contingencies

Member's liability

Sounds Like Chaos is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

45,017

69,997

Summary of transactions with other related parties

Roisin Feeny
(Director)
During the year Roisin Feeny received fees for work on projects of £nil (2023: £nil). At the year end she was owed £nil (2023: £1,566).

Gemma Rowan
(Director)
During the year Gemma Rowan received fees for work on projects of £nil (2023: £nil). At the year end she was owed £nil (2023: £3,803).