Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01falseMotion picture, video and television programme post-production activities11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03734376 2023-09-01 2024-08-31 03734376 2022-09-01 2023-08-31 03734376 2024-08-31 03734376 2023-08-31 03734376 c:Director1 2023-09-01 2024-08-31 03734376 d:Buildings 2023-09-01 2024-08-31 03734376 d:Buildings 2024-08-31 03734376 d:Buildings 2023-08-31 03734376 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03734376 d:PlantMachinery 2023-09-01 2024-08-31 03734376 d:PlantMachinery 2024-08-31 03734376 d:PlantMachinery 2023-08-31 03734376 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03734376 d:MotorVehicles 2023-09-01 2024-08-31 03734376 d:MotorVehicles 2024-08-31 03734376 d:MotorVehicles 2023-08-31 03734376 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03734376 d:OfficeEquipment 2023-09-01 2024-08-31 03734376 d:OfficeEquipment 2024-08-31 03734376 d:OfficeEquipment 2023-08-31 03734376 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03734376 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03734376 d:ComputerSoftware 2024-08-31 03734376 d:ComputerSoftware 2023-08-31 03734376 d:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 03734376 d:CurrentFinancialInstruments 2024-08-31 03734376 d:CurrentFinancialInstruments 2023-08-31 03734376 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 03734376 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03734376 d:ShareCapital 2024-08-31 03734376 d:ShareCapital 2023-08-31 03734376 d:RetainedEarningsAccumulatedLosses 2024-08-31 03734376 d:RetainedEarningsAccumulatedLosses 2023-08-31 03734376 c:OrdinaryShareClass1 2023-09-01 2024-08-31 03734376 c:OrdinaryShareClass1 2024-08-31 03734376 c:OrdinaryShareClass1 2023-08-31 03734376 c:OrdinaryShareClass2 2023-09-01 2024-08-31 03734376 c:OrdinaryShareClass2 2024-08-31 03734376 c:OrdinaryShareClass2 2023-08-31 03734376 c:FRS102 2023-09-01 2024-08-31 03734376 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03734376 c:FullAccounts 2023-09-01 2024-08-31 03734376 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03734376 2 2023-09-01 2024-08-31 03734376 6 2023-09-01 2024-08-31 03734376 d:ComputerSoftware d:OwnedIntangibleAssets 2023-09-01 2024-08-31 03734376 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03734376









SOUNDBYTE STUDIOS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
SOUNDBYTE STUDIOS LTD
REGISTERED NUMBER: 03734376

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
647
863

Tangible assets
 5 
388,822
33,652

Investments
  
1
1

  
389,470
34,516

Current assets
  

Stocks
  
-
27,320

Debtors: amounts falling due within one year
 8 
755,713
894,186

Cash at bank and in hand
 9 
110,263
773,034

  
865,976
1,694,540

Creditors: amounts falling due within one year
 10 
(177,943)
(430,059)

Net current assets
  
 
 
688,033
 
 
1,264,481

Total assets less current liabilities
  
1,077,503
1,298,997

  

Net assets
  
1,077,503
1,298,997


Capital and reserves
  

Called up share capital 
 11 
150
150

Profit and loss account
  
1,077,353
1,298,847

  
1,077,503
1,298,997


Page 1

 
SOUNDBYTE STUDIOS LTD
REGISTERED NUMBER: 03734376
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2025.




JH Mather
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Soundbyte Studios Limited is a private company limited by shares and incorporated in England & Wales (registration number: 03734376). Its registered office is 1 Rothesay Avenue, Richmond, London, Surrey, TW10 5EB.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
 
Accordingly the director has continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Other intangible fixed assets
-
25%
Reducing balance

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
NA
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Computer software

£



Cost


At 1 September 2023
4,703



At 31 August 2024

4,703



Amortisation


At 1 September 2023
3,840


Charge for the year on owned assets
216



At 31 August 2024

4,056



Net book value



At 31 August 2024
647



At 31 August 2023
863



Page 6

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
-
21,694
45,617
37,132
104,443


Additions
346,051
916
40,201
1,044
388,212


Disposals
-
-
(40,070)
-
(40,070)



At 31 August 2024

346,051
22,610
45,748
38,176
452,585



Depreciation


At 1 September 2023
-
6,748
34,320
29,723
70,791


Charge for the year on owned assets
8,799
3,946
11,090
2,070
25,905


Disposals
-
-
(32,933)
-
(32,933)



At 31 August 2024

8,799
10,694
12,477
31,793
63,763



Net book value



At 31 August 2024
337,252
11,916
33,271
6,383
388,822



At 31 August 2023
-
14,946
11,297
7,409
33,652


6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 September 2023
1



At 31 August 2024
1





7.


Stocks

2024
2023
£
£
Page 7

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.Stocks (continued)


Work in progress
-
27,320

-
27,320



8.


Debtors

2024
2023
£
£


Trade debtors
81,000
232,198

Other debtors
671,270
661,988

Prepayments
3,443
-

755,713
894,186



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,263
773,034

110,263
773,034



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
50,321
198,662

Corporation tax
37,270
155,362

Other taxation and social security
22,965
61,257

Other creditors
7,997
5,378

Accruals and deferred income
59,390
9,400

177,943
430,059


Page 8

 
SOUNDBYTE STUDIOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50

150

150


 
Page 9