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REGISTERED NUMBER: 04042597 (England and Wales)





AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SOUND DECISIONS LIMITED

SOUND DECISIONS LIMITED (REGISTERED NUMBER: 04042597)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOUND DECISIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: R S T Gunter
R A Henley





REGISTERED OFFICE: Unit 6 Regents Court
Walworth Industrial Estate
Andover
Hampshire
SP10 5NX





REGISTERED NUMBER: 04042597 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SOUND DECISIONS LIMITED (REGISTERED NUMBER: 04042597)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 672 618
Tangible assets 5 70,204 9,465
Investments 6 155 155
71,031 10,238

CURRENT ASSETS
Stocks 249,966 255,078
Debtors 7 639,816 222,980
Cash at bank and in hand 569,958 502,966
1,459,740 981,024
CREDITORS
Amounts falling due within one year 8 551,086 241,062
NET CURRENT ASSETS 908,654 739,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,685

750,200

CAPITAL AND RESERVES
Called up share capital 120,299 120,299
Share premium 494,637 494,637
Retained earnings 364,749 135,264
SHAREHOLDERS' FUNDS 979,685 750,200

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 Board of Directors and authorised for issue on 21st July 2025 and were signed on its behalf by:





R S T Gunter - Director


SOUND DECISIONS LIMITED (REGISTERED NUMBER: 04042597)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Sound Decisions Limited 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. ACCOUNTING POLICIES

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

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, adjusted for uninvoiced sales and sales in advance.

Licence income is recognised in accordance with contractual arrangement between the licensor and licensee.

Patent costs
Patents and licences are capitalised at cost and amortised over the period covered by the legal rights.

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 etc - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


SOUND DECISIONS LIMITED (REGISTERED NUMBER: 04042597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. 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.

Research and development
Research costs are expensed to the profit and loss account in the period in which they are incurred. Development costs including that on tools, machinery, moulds, jigs and other equipment used in connection with the manufacturing of the product, incorporating any design or other intellectual property costs relating thereto. These costs are carried forward and amortised over the period of the agreement with the manufacturer.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

SOUND DECISIONS LIMITED (REGISTERED NUMBER: 04042597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024 38,404
Additions 4,036
At 31st December 2024 42,440
AMORTISATION
At 1st January 2024 37,786
Charge for year 3,982
At 31st December 2024 41,768
NET BOOK VALUE
At 31st December 2024 672
At 31st December 2023 618

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 217,438
Additions 75,691
Disposals (60,388 )
At 31st December 2024 232,741
DEPRECIATION
At 1st January 2024 207,973
Charge for year 11,466
Eliminated on disposal (56,902 )
At 31st December 2024 162,537
NET BOOK VALUE
At 31st December 2024 70,204
At 31st December 2023 9,465

SOUND DECISIONS LIMITED (REGISTERED NUMBER: 04042597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 155
NET BOOK VALUE
At 31st December 2024 155
At 31st December 2023 155

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 443,351 73,627
Amounts owed by participating interests 61,813 50,050
Other debtors 134,652 99,303
639,816 222,980

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 67,136 1,812
Amounts owed to participating interests 11,432 10,950
Taxation and social security 127,145 96,713
Other creditors 345,373 131,587
551,086 241,062

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £30,105 (2023: £51,848).

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £176,250 (2023 - £141,002) were paid to the directors .