Registered number
10182054
Bristol Soundproofing Limited
Filleted Accounts
31 May 2024
Bristol Soundproofing Limited
Registered number: 10182054
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 64,520 56,732
Current assets
Debtors 4 81,651 17,461
Cash at bank and in hand 77,170 106,398
158,821 123,859
Creditors: amounts falling due within one year 5 (102,290) (99,070)
Net current assets 56,531 24,789
Total assets less current liabilities 121,051 81,521
Creditors: amounts falling due after more than one year 6 (59,434) (50,407)
Provisions for liabilities (2,291) (2,291)
Net assets 59,326 28,823
Capital and reserves
Called up share capital 100 100
Profit and loss account 59,226 28,723
Shareholders' funds 59,326 28,823
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.
Sarah Gibb
Director
Approved by the board on 24 April 2025
Bristol Soundproofing Limited
Notes to the Accounts
for the year ended 31 May 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 (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recog
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
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 10,962 94,641 105,603
Additions 1,562 41,666 43,228
Disposals - (33,933) (33,933)
At 31 May 2024 12,524 102,374 114,898
Depreciation
At 1 June 2023 5,212 43,659 48,871
Charge for the year 1,828 19,679 21,507
On disposals - (20,000) (20,000)
At 31 May 2024 7,040 43,338 50,378
Net book value
At 31 May 2024 5,484 59,036 64,520
At 31 May 2023 5,750 50,982 56,732
4 Debtors 2024 2023
£ £
Trade debtors 80,415 13,450
Other debtors 1,236 4,011
81,651 17,461
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 37,282 47,849
Directors loan account 62,854 30,335
Taxation and social security costs 2,154 19,886
Other creditors - 1,000
102,290 99,070
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,000 30,000
Obligations under finance lease and hire purchase contracts 39,434 20,407
59,434 50,407
7 Other information
Bristol Soundproofing Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 St Peters Rise
Bristol
BS13 7LZ
Bristol Soundproofing Limited 10182054 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 Sarah Gibb No description of principal activity 10182054 2022-06-01 2023-05-31 10182054 core:WithinOneYear 2023-05-31 10182054 core:AfterOneYear 2023-05-31 10182054 core:ShareCapital 2023-05-31 10182054 core:RetainedEarningsAccumulatedLosses 2023-05-31 10182054 2023-06-01 2024-05-31 10182054 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10182054 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10182054 bus:Director40 2023-06-01 2024-05-31 10182054 1 2023-06-01 2024-05-31 10182054 2 2023-06-01 2024-05-31 10182054 core:PlantMachinery 2023-06-01 2024-05-31 10182054 core:Vehicles 2023-06-01 2024-05-31 10182054 countries:England 2023-06-01 2024-05-31 10182054 bus:FRS102 2023-06-01 2024-05-31 10182054 bus:FilletedAccounts 2023-06-01 2024-05-31 10182054 2024-05-31 10182054 core:WithinOneYear 2024-05-31 10182054 core:AfterOneYear 2024-05-31 10182054 core:ShareCapital 2024-05-31 10182054 core:RetainedEarningsAccumulatedLosses 2024-05-31 10182054 core:PlantMachinery 2024-05-31 10182054 core:Vehicles 2024-05-31 10182054 2023-05-31 10182054 core:PlantMachinery 2023-05-31 10182054 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure