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REGISTERED NUMBER: 06464417 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

PAUL ARDITTI SOUND DESIGN LIMITED

PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


PAUL ARDITTI SOUND DESIGN LIMITED

Company Information
for the year ended 31 January 2024







Director: P A Arditti





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 06464417 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Accountants' Report to the Director
on the Unaudited Financial Statements of
Paul Arditti Sound Design Limited


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 Statement of Comprehensive Income 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 Paul Arditti Sound Design Limited for the year ended 31 January 2024 which comprise the Statement of Comprehensive Income, Balance Sheet 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 Paul Arditti Sound Design Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Arditti Sound Design Limited and state those matters that we have agreed to state to the director of Paul Arditti Sound Design Limited 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 Paul Arditti Sound Design Limited and its director for our work or for this report.

It is your duty to ensure that Paul Arditti Sound Design Limited 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 Paul Arditti Sound Design Limited. You consider that Paul Arditti Sound Design Limited 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 Paul Arditti Sound Design Limited. 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.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


29 October 2024

PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,529 3,755
Investments 5 184,360 184,360
187,889 188,115

Current assets
Debtors 6 1,296 -
Cash at bank 104,291 47,154
105,587 47,154
Creditors
Amounts falling due within one year 7 82,325 64,098
Net current assets/(liabilities) 23,262 (16,944 )
Total assets less current liabilities 211,151 171,171

Provisions for liabilities 8 633 667
Net assets 210,518 170,504

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 210,418 170,404
Shareholders' funds 210,518 170,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Balance Sheet - continued
31 January 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





P A Arditti - Director


PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Paul Arditti Sound Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried
out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as
possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

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

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

PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 ) .

PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 February 2023 27,834
Additions 950
At 31 January 2024 28,784
Depreciation
At 1 February 2023 24,079
Charge for year 1,176
At 31 January 2024 25,255
Net book value
At 31 January 2024 3,529
At 31 January 2023 3,755

5. Fixed asset investments
Other
investments
£
Cost
At 1 February 2023
and 31 January 2024 184,360
Net book value
At 31 January 2024 184,360
At 31 January 2023 184,360

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,296 -

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1 -
Taxation and social security 30,598 5,829
Other creditors 51,726 58,269
82,325 64,098

PAUL ARDITTI SOUND DESIGN LIMITED (REGISTERED NUMBER: 06464417)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


8. Provisions for liabilities
2024 2023
£ £
Deferred tax 633 667

Deferred tax
£
Balance at 1 February 2023 667
Provided during year (34 )
Balance at 31 January 2024 633

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. Reserves
Retained
earnings
£

At 1 February 2023 170,404
Profit for the year 76,514
Dividends (36,500 )
At 31 January 2024 210,418