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Company Registration No. 06472445 (England and Wales)
Michael McCarthy Sound Design Limited Unaudited accounts for the year ended 31 January 2024
Michael McCarthy Sound Design Limited Unaudited accounts Contents
Page
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Michael McCarthy Sound Design Limited Company Information for the year ended 31 January 2024
Directors
Mrs J McCarthy Mr M McCarthy
Secretary
Mrs J McCarthy
Company Number
06472445 (England and Wales)
Registered Office
The Garden Studio 31 Park View New Malden Surrey KT3 4AY
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Michael McCarthy Sound Design Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,862 
32,648 
Current assets
Debtors
5,881 
- 
Cash at bank and in hand
261,916 
264,237 
267,797 
264,237 
Creditors: amounts falling due within one year
(90,963)
(97,729)
Net current assets
176,834 
166,508 
Net assets
210,696 
199,156 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
210,695 
199,155 
Shareholders' funds
210,696 
199,156 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
Mr M McCarthy Director Company Registration No. 06472445
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Michael McCarthy Sound Design Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Michael McCarthy Sound Design Limited is a private company, limited by shares, registered in England and Wales, registration number 06472445. The registered office is The Garden Studio, 31 Park View, New Malden, Surrey, KT3 4AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight line
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
37,969 
13,964 
21,208 
73,141 
Additions
- 
2,371 
1,859 
4,230 
At 31 January 2024
37,969 
16,335 
23,067 
77,371 
Depreciation
At 1 February 2023
9,108 
11,611 
19,774 
40,493 
Charge for the year
759 
1,181 
1,076 
3,016 
At 31 January 2024
9,867 
12,792 
20,850 
43,509 
Net book value
At 31 January 2024
28,102 
3,543 
2,217 
33,862 
At 31 January 2023
28,861 
2,353 
1,434 
32,648 
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Michael McCarthy Sound Design Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,881 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,105 
2,483 
Loans from directors
86,538 
93,926 
Accruals
1,320 
1,320 
90,963 
97,729 
7
Transactions with related parties
Included within other creditors is an amount of £86,538 (2023: £93,926) due to the directors of the company.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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