UK Soundproofing Ltd
Registered number: 07694894
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,245 1
Current assets
Cash at bank and in hand 27,739 50,882
Creditors: amounts falling due within one year 4 (23,211) (18,553)
Net current assets 4,528 32,329
Total assets less current liabilities 21,773 32,330
Creditors: amounts falling due after more than one year 5 (18,333) (28,347)
Net assets 3,440 3,983
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,438 3,981
Shareholders' funds 3,440 3,983
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tanya Vertue
Director
Approved by the board on 4 September 2024
UK Soundproofing Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2023 18,167
Additions 22,994
Disposals (18,167)
At 31 July 2024 22,994
Depreciation
At 1 August 2023 18,166
Charge for the year 5,749
On disposals (18,166)
At 31 July 2024 5,749
Net book value
At 31 July 2024 17,245
At 31 July 2023 1
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,055 7,642
Corporation tax 1,792 3,746
Other taxes and social security costs 2,686 6,624
Other creditors 14,678 541
23,211 18,553
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,333 28,347
6 Related party transactions
All transactions with the director were conducted under normal market conditions.
7 Controlling party
The ultimate controlling party are Tanya & Len Vertue
8 Other information
UK Soundproofing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Wold Close
Crawley
West Sussex
RH11 8lg
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