Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22024-02-012truetruefalse 11769917 2024-02-01 2025-01-31 11769917 2023-02-01 2024-01-31 11769917 2025-01-31 11769917 2024-01-31 11769917 c:Director1 2024-02-01 2025-01-31 11769917 d:ComputerSoftware 2025-01-31 11769917 d:ComputerSoftware 2024-01-31 11769917 d:CurrentFinancialInstruments 2025-01-31 11769917 d:CurrentFinancialInstruments 2024-01-31 11769917 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 11769917 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11769917 d:ShareCapital 2025-01-31 11769917 d:ShareCapital 2024-01-31 11769917 d:RetainedEarningsAccumulatedLosses 2025-01-31 11769917 d:RetainedEarningsAccumulatedLosses 2024-01-31 11769917 c:OrdinaryShareClass1 2024-02-01 2025-01-31 11769917 c:OrdinaryShareClass1 2025-01-31 11769917 c:OrdinaryShareClass1 2024-01-31 11769917 c:FRS102 2024-02-01 2025-01-31 11769917 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11769917 c:FullAccounts 2024-02-01 2025-01-31 11769917 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11769917 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-02-01 2025-01-31 11769917 2 2024-02-01 2025-01-31 11769917 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11769917














PSOUNDS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
PSOUNDS LIMITED
REGISTERED NUMBER:11769917

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
166,958
42,890

  
166,958
42,890

Current assets
  

Debtors: amounts falling due within one year
 5 
7,600
190

Cash at bank and in hand
 6 
22,899
9,823

  
30,499
10,013

Creditors: amounts falling due within one year
 7 
(209,843)
(56,170)

Net current liabilities
  
 
 
(179,344)
 
 
(46,157)

Total assets less current liabilities
  
(12,386)
(3,267)

  

Net liabilities
  
(12,386)
(3,267)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(12,486)
(3,367)

  
(12,386)
(3,267)


Page 1

 
PSOUNDS LIMITED
REGISTERED NUMBER:11769917
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

Directors' confirmations
The directors consider 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 directors acknowledge their 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 profit and loss account 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 by: 




J Gare
Director

Date: 8 August 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
PSOUNDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

PSounds Limited is a private company, limited by shares, registered in England and Wales, registration number 11769917. The registered office address is Allestree, Elton Road, Newnham, England, GL14 1JQ.
The principal activity of the company continued to be that of mobile application catered to the needs of music artists. 

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 Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Interest income

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

 
2.4

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.

The mobile application related to promoting sounds will be amortised over a 10 year period and this will commence when once the development of the application is completed and available for use.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 3

 
PSOUNDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.8

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with a related party.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2). 


4.


Intangible assets




Mobile application

£



Cost


At 1 February 2024
42,890


Additions
124,068



At 31 January 2025

166,958






Net book value



At 31 January 2025
166,958



At 31 January 2024
42,890




5.


Debtors

2025
2024
£
£


Other debtors
7,303
190

Prepayments
297
-

7,600
190



6.


Cash

2025
2024
£
£

Cash at bank
22,899
9,823


Page 4

 
PSOUNDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.


Creditors: amounts falling due within one year

2025
2024
£
£

Trade creditors
35,645
-

Amounts owed to connected entities
169,343
53,080

Accruals
4,855
3,090

209,843
56,170



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100


 
Page 5