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REGISTERED NUMBER: 13907434 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Rswsound Ltd

Rswsound Ltd (Registered number: 13907434)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rswsound Ltd

Company Information
For The Year Ended 31 March 2025







DIRECTOR: R S Wedge





REGISTERED OFFICE: Marwell Manor Farm
Portsmouth Road
Fishers Pond
Eastleigh
Hampshire
SO50 7HF





REGISTERED NUMBER: 13907434 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Rswsound Ltd (Registered number: 13907434)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 21,543 24,620
Tangible assets 6 135,244 112,461
156,787 137,081

CURRENT ASSETS
Stocks 4,013 10,025
Debtors 7 35,582 47,990
Cash at bank 37,174 17,527
76,769 75,542
CREDITORS
Amounts falling due within one year 8 115,483 105,952
NET CURRENT LIABILITIES (38,714 ) (30,410 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,073

106,671

CREDITORS
Amounts falling due after more than one
year

9

(64,136

)

(32,120

)

PROVISIONS FOR LIABILITIES (21,304 ) (16,291 )
NET ASSETS 32,633 58,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,533 58,160
SHAREHOLDERS' FUNDS 32,633 58,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rswsound Ltd (Registered number: 13907434)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2025 and were signed by:





R S Wedge - Director


Rswsound Ltd (Registered number: 13907434)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Rswsound Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

There are no material uncertainties about the Company's ability to continue, and therefore the preparation of the financial statements on a going concern basis is appropriate.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the Director to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year. The nature of estimation is such though that actual outcomes could differ significantly from those estimates.

There are no judgements or sources of estimation or uncertainty that have had a significant impact on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% reducing balance basis
Motor vehicles - 20% reducing balance basis
Computer equipment - Straight line over 4 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Rswsound Ltd (Registered number: 13907434)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 30,775
AMORTISATION
At 1 April 2024 6,155
Charge for year 3,077
At 31 March 2025 9,232
NET BOOK VALUE
At 31 March 2025 21,543
At 31 March 2024 24,620

Rswsound Ltd (Registered number: 13907434)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery equipment
£    £    £   
COST
At 1 April 2024 6,956 92,676 9,159
Additions 2,222 44,831 -
At 31 March 2025 9,178 137,507 9,159
DEPRECIATION
At 1 April 2024 222 20,187 1,326
Charge for year 459 17,599 1,175
At 31 March 2025 681 37,786 2,501
NET BOOK VALUE
At 31 March 2025 8,497 99,721 6,658
At 31 March 2024 6,734 72,489 7,833

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 35,599 1,805 146,195
Additions - 360 47,413
At 31 March 2025 35,599 2,165 193,608
DEPRECIATION
At 1 April 2024 11,318 681 33,734
Charge for year 4,856 541 24,630
At 31 March 2025 16,174 1,222 58,364
NET BOOK VALUE
At 31 March 2025 19,425 943 135,244
At 31 March 2024 24,281 1,124 112,461

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 31,902 37,992
Other debtors 245 -
Tax 3,163 -
Prepayments 272 9,998
35,582 47,990

Rswsound Ltd (Registered number: 13907434)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 15,056 8,600
Other loans - 3,165
Hire purchase contracts 5,386 5,386
Payments on account - 6,688
Trade creditors 32,236 17,543
Tax - 6,375
Social security and other taxes 1,564 3,037
VAT 11,348 10,496
Other creditors 3,969 1,626
Pension contributions payable 435 485
Directors' current accounts 43,489 40,651
Accrued expenses 2,000 1,900
115,483 105,952

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 34,430 10,033
Other loans - 2-5 years 24,884 12,103
Hire purchase contracts 4,822 9,984
64,136 32,120