Registered number
08202663
Remedy Sound Limited
Unaudited Filleted Accounts
For the year ended 30 September 2024
Remedy Sound Limited
Registered number: 08202663
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 97,069 90,821
Current assets
Debtors 4 38,329 34,460
Cash at bank and in hand 32,416 14,934
70,746 49,394
Creditors: amounts falling due within one year 5 (62,316) (61,181)
Net current assets/(liabilities) 8,430 (11,787)
Total assets less current liabilities 105,499 79,034
Creditors: amounts falling due after more than one year 6 (24,182) (35,226)
Provisions for liabilities (18,444) (15,262)
Net assets 62,873 28,546
Capital and reserves
Called up share capital 90 90
Profit and loss account 62,783 28,456
Shareholders' funds 62,873 28,546
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.
Mr J.P. Middleton
Director
Approved by the board on 20 June 2025
Remedy Sound Limited
Notes to the Accounts
for the year ended 30 September 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:
Equipment over 5 years
Leasehold Improvements over 3 years
Motor Vehicles over 3 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.
Grant Income
Grants are included in the Profit and Loss account on a receivable basis. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
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 recognised as an expense on a straight line basis over the lease term.
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
Equipment Leasehold Improvements Motor Vehicles Total
£ £ £ £
Cost
At 1 October 2023 276,603 2,573 4,000 283,176
Additions 41,927 - - 41,927
At 30 September 2024 318,530 2,573 4,000 325,103
Depreciation
At 1 October 2023 185,785 2,571 3,999 192,355
Charge for the year 35,679 - - 35,679
At 30 September 2024 221,464 2,571 3,999 228,034
Net book value
At 30 September 2024 97,066 2 1 97,069
At 30 September 2023 90,818 2 1 90,821
4 Debtors 2024 2023
£ £
Trade debtors 38,329 34,460
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,276 6,432
Trade creditors 20,412 33,689
Taxation and social security costs 15,337 9,987
Other creditors 20,291 11,073
62,316 61,181
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,182 29,979
Other creditors - 5,247
24,182 35,226
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 30,457 36,411
Included in creditors is a Bounce Back bank loan of £30,458 (2023 - £36,411) which is secured by the UK government as part of the Bounce Back Loan Scheme.
8 Related party transactions
Included in other creditors greater than one year is a loan of £nil (2023 - £5,247) from C. Pullinger a close family member of A. Pullinger, a director of the company. The loan has interest due of 1.14%. There are no fixed terms for repayment.

Included in other creditors less than one year is a loan of £2,292 (2023 - £1,980) from C. Pullinger a close family member of A. Pullinger, a director of the company. The loan has interest due of 1.14%. There are no fixed terms for repayment.
9 Other information
Remedy Sound Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor, Apex House
30-34 Upper George Street
Luton
LU1 2RD
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