Company Registration No. 07267217 (England and Wales)
Northsound Limited
Unaudited accounts
for the year ended 30 September 2024
Northsound Limited
Unaudited accounts
Contents
Northsound Limited
Company Information
for the year ended 30 September 2024
Director
Piers Jonathan Marks
Company Number
07267217 (England and Wales)
Registered Office
Unit G
Station Road Industrial Estate
Station Road
Stroud
Gloucestershire
GL5 5EQ
United Kingdom
Accountants
Emchajo Limited
10 Bownham Mead
Rodborough Common
Stroud
GLOUCESTERSHIRE
GL5 5DZ
Northsound Limited
Statement of financial position
as at 30 September 2024
Intangible assets
135,000
157,500
Tangible assets
61,617
77,666
Cash at bank and in hand
297
-
Creditors: amounts falling due within one year
(245,694)
(192,691)
Net current liabilities
(133,173)
(110,963)
Total assets less current liabilities
63,444
124,203
Creditors: amounts falling due after more than one year
(71,465)
(98,208)
Provisions for liabilities
Net (liabilities)/assets
(8,021)
25,125
Called up share capital
50
50
Profit and loss account
(8,071)
25,075
Shareholders' funds
(8,021)
25,125
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 May 2025 and were signed on its behalf by
Piers Jonathan Marks
Director
Company Registration No. 07267217
Northsound Limited
Notes to the Accounts
for the year ended 30 September 2024
Northsound Limited is a private company, limited by shares, registered in England and Wales, registration number 07267217. The registered office is Unit G, Station Road Industrial Estate, Station Road, Stroud, Gloucestershire, GL5 5EQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%/33% RB
Fixtures & fittings
10%/20%/33% RB
4
Intangible fixed assets
Goodwill
At 30 September 2024
450,000
Charge for the year
22,500
At 30 September 2024
315,000
At 30 September 2024
135,000
At 30 September 2023
157,500
Northsound Limited
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
10,201
141,443
1,003
25,052
177,699
At 30 September 2024
10,201
141,443
1,003
25,052
177,699
At 1 October 2023
9,200
68,755
798
21,280
100,033
Charge for the year
245
14,537
22
1,245
16,049
At 30 September 2024
9,445
83,292
820
22,525
116,082
At 30 September 2024
756
58,151
183
2,527
61,617
At 30 September 2023
1,001
72,688
205
3,772
77,666
Amounts falling due within one year
Trade debtors
103,374
72,650
Accrued income and prepayments
7,350
1,350
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
102,559
86,617
Obligations under finance leases and hire purchase contracts
4,300
11,227
Trade creditors
38,603
28,546
Taxes and social security
12,120
28,594
Other creditors
56,023
3,252
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
3,594
Loans from directors
64,192
77,250
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).