Registered number
09638117
Soundproofing UK Limited
Filleted Accounts
30 December 2024
Soundproofing UK Limited
Registered number: 09638117
Balance Sheet
as at 30 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 10,000 12,000
Tangible assets 3,830 12,334
13,830 24,334
Current assets
Debtors 5 12,882 20,930
Cash at bank and in hand 9,775 10,563
22,657 31,493
Creditors: amounts falling due within one year 6 (34,450) (73,871)
Net current liabilities (11,793) (42,378)
Total assets less current liabilities 2,037 (18,044)
Creditors: amounts falling due after more than one year 7 (23,000) (18,872)
Net liabilities (20,963) (36,916)
Capital and reserves
Called up share capital 100 100
Profit and loss account (21,063) (37,016)
Shareholders' funds (20,963) (36,916)
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.
R Kruger
Director
Approved by the board on 16 May 2025
Soundproofing UK Limited
Notes to the Accounts
for the year ended 30 December 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.
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.
2 Going concern
The company has an excess of liabilities over assets at 31 December 2023 and the company's ability to continue trading is dependant on the full support of the company's directors and shareholders. The directors consider that the company will continue to trade for the foreseeable future and accordingly the financial statements are prepared on a going concern basis.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
4 Intangible fixed assets £
Goodwill:
Cost
At 31 December 2023 20,000
At 30 December 2024 20,000
Amortisation
At 31 December 2023 8,000
At 30 December 2024 10,000
Net book value
At 30 December 2024 10,000
At 30 December 2023 12,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
5 Debtors 2024 2023
£ £
Trade debtors (9,619) 12,748
Other debtors 22,501 8,182
12,882 20,930
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,592
Obligations under finance lease and hire purchase contracts - 12,785
Trade creditors 30 2,407
Director's Loan Account - 8,723
Taxation and social security costs 23,173 25,654
Other creditors 11,247 18,710
34,450 73,871
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,800 9,808
Obligations under finance lease and hire purchase contracts 13,200 9,064
23,000 18,872
8 Other information
Soundproofing UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Croydon Road
Caterham
Surrey
CR3 6QB
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