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REGISTERED NUMBER: 08608843 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

BRIXTON SONIC LTD

BRIXTON SONIC LTD (REGISTERED NUMBER: 08608843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRIXTON SONIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: S Gilchrist





REGISTERED OFFICE: 5-9 Eden Street
Kingston Upon Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 08608843 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

BRIXTON SONIC LTD (REGISTERED NUMBER: 08608843)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,136 28,216

CURRENT ASSETS
Stocks 4,010 2,280
Debtors 5 51,536 28,346
Cash at bank 111,400 182,845
166,946 213,471
CREDITORS
Amounts falling due within one year 6 53,913 117,415
NET CURRENT ASSETS 113,033 96,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,169

124,272

CREDITORS
Amounts falling due after more than one year 7 (12,751 ) (27,925 )

PROVISIONS FOR LIABILITIES (11,996 ) (5,361 )
NET ASSETS 151,422 90,986

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 151,322 90,886
SHAREHOLDERS' FUNDS 151,422 90,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





S Gilchrist - Director


BRIXTON SONIC LTD (REGISTERED NUMBER: 08608843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Brixton Sonic Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

BRIXTON SONIC LTD (REGISTERED NUMBER: 08608843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2023 111,732 5,031 33,663 150,426
Additions 29,655 - 31,500 61,155
Disposals (3,419 ) - (33,663 ) (37,082 )
At 31 July 2024 137,968 5,031 31,500 174,499
DEPRECIATION
At 1 August 2023 85,985 2,562 33,663 122,210
Charge for year 16,167 825 7,875 24,867
Eliminated on disposal (2,051 ) - (33,663 ) (35,714 )
At 31 July 2024 100,101 3,387 7,875 111,363
NET BOOK VALUE
At 31 July 2024 37,867 1,644 23,625 63,136
At 31 July 2023 25,747 2,469 - 28,216

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 33,663
Additions 31,500
Disposals (33,663 )
At 31 July 2024 31,500
DEPRECIATION
At 1 August 2023 33,663
Charge for year 7,875
Eliminated on disposal (33,663 )
At 31 July 2024 7,875
NET BOOK VALUE
At 31 July 2024 23,625
At 31 July 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,946 8,609
Other debtors 17,316 14,814
Directors' loan accounts 16,673 -
Prepayments and accrued income 4,601 4,923
51,536 28,346

BRIXTON SONIC LTD (REGISTERED NUMBER: 08608843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,014
Hire purchase contracts 2,712 16,405
Trade creditors - 1,560
Tax 8,806 6,564
Social security and other taxes 2,317 776
VAT 4,564 6,395
Other creditors 3,242 3,268
Directors' loan accounts - 351
Accruals and deferred income 32,272 72,082
53,913 117,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 19,903
Hire purchase contracts 12,751 -
Accruals and deferred income - 8,022
12,751 27,925

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 15,463 16,405

9. RESERVES
Retained
earnings
£   

At 1 August 2023 90,886
Profit for the year 64,436
Dividends (4,000 )
At 31 July 2024 151,322

10. RELATED PARTY DISCLOSURES

During the year the director received dividends amounting to £4,000 (2023: £9,500).

As at the balance sheet date the director owes £16,672, (2023: was owed £351).