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Draft
Mudlark Sound Studios Limited
Registered Number:08938407
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2024
Mudlark Sound Studios Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
08938407
As at 31 March 2024
Mudlark Sound Studios Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,528
3,920
2
3,528
3,920
Current assets
Trade and other receivables
14,807
17,003
3
153
Cash and cash equivalents
66
17,069
14,960
Trade and other payables: amounts falling due
within one year
(18,466)
(20,185)
4
(3,506)
(3,116)
Net current liabilities
Total assets less current liabilities
412
414
412
Net assets
414
Capital and reserves
Called up share capital
1
1
Retained earnings
411
413
412
414
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S F Willey Director
These financial statements were approved and authorised for issue by the Board on 21 February 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 March 2024
Mudlark Sound Studios Limited
Notes to the Financial Statements
Statutory Information
Mudlark Sound Studios Limited is a private limited company, limited by shares, domiciled in England
and Wales, registration number 08938407.
Registered address:
29 Bath Road
Peasedown St John
Bath
BA2 8DJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
10 Reducing balance
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 April 2023
24,844
At 31 March 2024
24,844
Provision for depreciation and impairmen
t
At 01 April 2023
20,924
Charge for year
392
At 31 March 2024
21,316
At 31 March 2024
Net book value
3,528
At 31 March 2023
3,920
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5
Draft
For the year ended 31 March 2024
Mudlark Sound Studios Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
2,313
6,660
Other debtors
14,690
8,147
14,807
17,003
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,000
2,000
Trade creditors
2,968
1,890
Taxation and social security
15,217
14,576
20,185
18,466
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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