Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalse1true2023-07-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI631879 2023-07-01 2024-06-30 NI631879 2022-07-01 2023-06-30 NI631879 2024-06-30 NI631879 2023-06-30 NI631879 c:Director1 2023-07-01 2024-06-30 NI631879 d:PlantMachinery 2023-07-01 2024-06-30 NI631879 d:PlantMachinery 2024-06-30 NI631879 d:PlantMachinery 2023-06-30 NI631879 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 NI631879 d:MotorVehicles 2023-07-01 2024-06-30 NI631879 d:MotorVehicles 2024-06-30 NI631879 d:MotorVehicles 2023-06-30 NI631879 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 NI631879 d:FurnitureFittings 2023-07-01 2024-06-30 NI631879 d:FurnitureFittings 2024-06-30 NI631879 d:FurnitureFittings 2023-06-30 NI631879 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 NI631879 d:ComputerEquipment 2023-07-01 2024-06-30 NI631879 d:ComputerEquipment 2024-06-30 NI631879 d:ComputerEquipment 2023-06-30 NI631879 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 NI631879 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 NI631879 d:CurrentFinancialInstruments 2024-06-30 NI631879 d:CurrentFinancialInstruments 2023-06-30 NI631879 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 NI631879 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 NI631879 d:ShareCapital 2024-06-30 NI631879 d:ShareCapital 2023-06-30 NI631879 d:RetainedEarningsAccumulatedLosses 2024-06-30 NI631879 d:RetainedEarningsAccumulatedLosses 2023-06-30 NI631879 c:OrdinaryShareClass1 2023-07-01 2024-06-30 NI631879 c:OrdinaryShareClass1 2024-06-30 NI631879 c:OrdinaryShareClass1 2023-06-30 NI631879 c:OrdinaryShareClass2 2023-07-01 2024-06-30 NI631879 c:OrdinaryShareClass2 2024-06-30 NI631879 c:OrdinaryShareClass2 2023-06-30 NI631879 c:FRS102 2023-07-01 2024-06-30 NI631879 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI631879 c:FullAccounts 2023-07-01 2024-06-30 NI631879 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI631879 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI631879










MACsound Belfast Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
MACsound Belfast Ltd
Registered number: NI631879

Balance Sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
14,180
14,935

  
14,180
14,935

Current assets
  

Debtors: amounts falling due within one year
 6 
30,545
8,055

Cash at bank and in hand
  
148,727
219,305

  
179,272
227,360

Creditors: amounts falling due within one year
 7 
(114,677)
(163,645)

Net current assets
  
 
 
64,595
 
 
63,715

Total assets less current liabilities
  
78,775
78,650

  

Net assets
  
78,775
78,650


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
78,773
78,648

  
78,775
78,650


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MACsound Belfast Ltd
Registered number: NI631879

Balance Sheet (continued)
As at 30 June 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2024.




John Macartney
Director

The notes on pages 3 to 6 form part of these financial statements.
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MACsound Belfast Ltd
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

1.


General information

MACsound Belfast Ltd is a private company limited by shares incorporated in Northern Ireland within the United Kingdom.  The registration number and address of the registered office are given in the company information section of these financial statements. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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MACsound Belfast Ltd
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The estimated useful lives range as follows:

Plant and machinery
-
4
years straight line
Motor vehicles
-
3
years straight line
Fixtures and fittings
-
4
years straight line
Computer equipment
-
4
years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

  
2.5

Financial Instruments

The Company only enters into basic financial instrument transactions.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the process of applying the Company's accounting policies, management has not made any signifcant judgements.  There are no key assumptions concerning the future or other key sources of estimation, that have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

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MACsound Belfast Ltd
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
86,462
16,971
1,959
1,715
107,107


Additions
8,520
-
222
-
8,742



At 30 June 2024

94,982
16,971
2,181
1,715
115,849



Depreciation


At 1 July 2023
72,711
16,655
1,414
1,392
92,172


Charge for the year
8,889
155
237
216
9,497



At 30 June 2024

81,600
16,810
1,651
1,608
101,669



Net book value



At 30 June 2024
13,382
161
530
107
14,180



At 30 June 2023
13,751
316
545
323
14,935


6.


Debtors

2024
2023
£
£


Trade debtors
29,431
5,810

Other debtors
-
1,443

Prepayments and accrued income
1,114
802

30,545
8,055


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MACsound Belfast Ltd
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
10,300
13,391

Other taxation and social security
4,477
10,663

Other creditors
89,418
134,939

Accruals and deferred income
10,482
4,652

114,677
163,645





8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary 'A' share of £1.00
1
1
1 (2023 - 1) Ordinary 'B' share of £1.00
1
1

2

2



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