Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseThe principal activity of the company continued to be that mobile application catered to the needs of music artists.2true 11769917 2023-02-01 2024-01-31 11769917 2022-02-01 2023-01-31 11769917 2024-01-31 11769917 2023-01-31 11769917 c:Director1 2023-02-01 2024-01-31 11769917 d:ComputerSoftware 2024-01-31 11769917 d:ComputerSoftware 2023-01-31 11769917 d:CurrentFinancialInstruments 2024-01-31 11769917 d:CurrentFinancialInstruments 2023-01-31 11769917 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11769917 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11769917 d:ShareCapital 2024-01-31 11769917 d:ShareCapital 2023-01-31 11769917 d:RetainedEarningsAccumulatedLosses 2024-01-31 11769917 d:RetainedEarningsAccumulatedLosses 2023-01-31 11769917 c:OrdinaryShareClass1 2023-02-01 2024-01-31 11769917 c:OrdinaryShareClass1 2024-01-31 11769917 c:OrdinaryShareClass1 2023-01-31 11769917 c:FRS102 2023-02-01 2024-01-31 11769917 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11769917 c:FullAccounts 2023-02-01 2024-01-31 11769917 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11769917 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-02-01 2024-01-31 11769917 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11769917














PSOUNDS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
PSOUNDS LIMITED
REGISTERED NUMBER:11769917

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
42,890
-

  
42,890
-

Current assets
  

Debtors: amounts falling due within one year
 5 
190
100

Cash at bank
 6 
9,823
-

  
10,013
100

Creditors: amounts falling due within one year
 7 
(56,170)
-

Net current (liabilities)/assets
  
 
 
(46,157)
 
 
100

Total assets less current liabilities
  
(3,267)
100

  

Net (liabilities)/assets
  
(3,267)
100


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(3,367)
-

  
(3,267)
100


Page 1

 
PSOUNDS LIMITED
REGISTERED NUMBER:11769917
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider 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 directors acknowledge their 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 by: 




J Gare
Director

Date: 27 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PSOUNDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

PSounds Limited is a private company, limited by shares, registered in England and Wales, registration number 11769917. The registered office address is Allestree, Elton Road, Newnham, England, GL14 1JQ.
 

The principal activity of the company is that of mobile application catered to the needs of music artists. 
 

The company commenced trading on 16 May 2023.
During the year the company changed its registered office address from 5, Wentworth Close, Gloucester, GL2 9RB to Allestree, Elton Road, Newnham, GL14 1JQ.

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 Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The mobile application related to promoting sounds will be amortised over a 10 year period and this will commence when once the development of the application is completed and available for use.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
PSOUNDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors and other creditors, and loans with a related party.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2). 


4.


Intangible assets




Mobile application

£



Cost


Additions
42,890



At 31 January 2024

42,890






Net book value



At 31 January 2024
42,890



At 31 January 2023
-




5.


Debtors

2024
2023
£
£


Other debtors
190
-

Called up share capital not paid
-
100

190
100



6.


Cash

2024
2023
£
£

Cash at bank
9,823
-


Page 4

 
PSOUNDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to connected entities
53,080
-

Accruals
3,090
-

56,170
-



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 5