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REGISTERED NUMBER: 13062946 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SOUND FOWNDATIONS LTD
SOUND FOWNDATIONS LTD (REGISTERED NUMBER: 13062946)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUND FOWNDATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: C T Green





REGISTERED OFFICE: Unit 3a Vulcan House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8PA





REGISTERED NUMBER: 13062946 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
SOUND FOWNDATIONS LTD (REGISTERED NUMBER: 13062946)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 52,500
Tangible assets 5 21,460 23,181
66,460 75,681

CURRENT ASSETS
Stocks 152,395 146,645
Debtors 6 48,641 65,571
Cash at bank 12,685 43,275
213,721 255,491
CREDITORS
Amounts falling due within one year 7 216,647 245,699
NET CURRENT (LIABILITIES)/ASSETS (2,926 ) 9,792
TOTAL ASSETS LESS CURRENT
LIABILITIES
63,534
85,473

PROVISIONS FOR LIABILITIES 5,365 5,796
NET ASSETS 58,169 79,677

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,069 79,577
58,169 79,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

The notes form part of these financial statements

Page 2 continued...
SOUND FOWNDATIONS LTD (REGISTERED NUMBER: 13062946)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2025 and were signed by:





C T Green - Director


The notes form part of these financial statements

Page 3
SOUND FOWNDATIONS LTD (REGISTERED NUMBER: 13062946)

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


1. STATUTORY INFORMATION

Sound Fowndations 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. 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
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 2020, 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 etc - 20% on cost and 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Page 4 continued...
SOUND FOWNDATIONS LTD (REGISTERED NUMBER: 13062946)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 75,000
AMORTISATION
At 1st January 2024 22,500
Amortisation for year 7,500
At 31st December 2024 30,000
NET BOOK VALUE
At 31st December 2024 45,000
At 31st December 2023 52,500

5. TANGIBLE FIXED ASSETS
Show Demonstration Office Computer
equipment equipment equipment equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 - 24,791 182 5,028 30,001
Additions 1,998 - - - 1,998
At 31st December 2024 1,998 24,791 182 5,028 31,999
DEPRECIATION
At 1st January 2024 - 3,830 128 2,862 6,820
Charge for year 199 2,479 36 1,005 3,719
At 31st December 2024 199 6,309 164 3,867 10,539
NET BOOK VALUE
At 31st December 2024 1,799 18,482 18 1,161 21,460
At 31st December 2023 - 20,961 54 2,166 23,181

Page 5 continued...
SOUND FOWNDATIONS LTD (REGISTERED NUMBER: 13062946)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,946 62,571
Other debtors 5,695 3,000
48,641 65,571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,996 7,553
Taxation and social security 50,780 60,200
Other creditors 161,871 177,946
216,647 245,699

8. RELATED PARTY DISCLOSURES

At the balance sheet date amounts payable to directors were £128,333 (2023: £144,978).

Page 6