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COMPANY REGISTRATION NUMBER: 06534096
SOUNDBAR ENTERTAINMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
27 March 2024
SOUNDBAR ENTERTAINMENT LIMITED
STATEMENT OF FINANCIAL POSITION
27 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
27
27
CURRENT ASSETS
Cash at bank and in hand
200
200
CREDITORS: amounts falling due within one year
5
61,141
61,141
--------
--------
NET CURRENT LIABILITIES
60,941
60,941
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 60,914)
( 60,914)
--------
--------
NET LIABILITIES
( 60,914)
( 60,914)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
2
2
Profit and loss account
( 60,916)
( 60,916)
--------
--------
SHAREHOLDERS DEFICIT
( 60,914)
( 60,914)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 27 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SOUNDBAR ENTERTAINMENT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
27 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
Ms L H Cuzner Steele
Director
Company registration number: 06534096
SOUNDBAR ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 27 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O 31 Midland Road, Thrapston, Northamptonshire, NN14 4JS, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
4. TANGIBLE ASSETS
Equipment
£
Cost
At 28 March 2023 and 27 March 2024
841
----
Depreciation
At 28 March 2023 and 27 March 2024
814
----
Carrying amount
At 27 March 2024
27
----
At 27 March 2023
27
----
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
327
327
Other creditors
60,814
60,814
--------
--------
61,141
61,141
--------
--------
6. RELATED PARTY TRANSACTIONS
During the year the directors have advanced monies to the company. At the balance sheet date the amount due from the company was £58,656 (2023 - £58,656).