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SOUNDUNIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Soundunit Limited is a private company limited by shares which is incorporated in England, United Kingdom. The address of the registered office is Peacocks Farm, Farley Green, Wichambrook, CB8 8PX. The company did not trade during the period under review. Previously, the principal activity of the company was that of manufacturing and distribution of electronic percussion instruments.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.
The following principal accounting policies have been applied:
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.
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Creditors: Amounts falling due within one year
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