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Company Registration No. SC466158 (Scotland)
SOUNDMAGIC MUSIC STUDIOS LTD Unaudited accounts for the year ended 31 December 2024
SOUNDMAGIC MUSIC STUDIOS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SOUNDMAGIC MUSIC STUDIOS LTD Company Information for the year ended 31 December 2024
Director
Mr Barry Thomson
Company Number
SC466158 (Scotland)
Registered Office
40-42 WAGGON ROAD AYR KA8 8BA
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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SOUNDMAGIC MUSIC STUDIOS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
42,152 
46,836 
Current assets
Debtors
5
5,320 
2,070 
Cash at bank and in hand
513 
446 
5,833 
2,516 
Creditors: amounts falling due within one year
6
(2,456)
(1,792)
Net current assets
3,377 
724 
Total assets less current liabilities
45,529 
47,560 
Creditors: amounts falling due after more than one year
7
(86,314)
(87,368)
Net liabilities
(40,785)
(39,808)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(40,885)
(39,908)
Shareholders' funds
(40,785)
(39,808)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2025 and were signed on its behalf by
Mr Barry Thomson Director Company Registration No. SC466158
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SOUNDMAGIC MUSIC STUDIOS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SOUNDMAGIC MUSIC STUDIOS LTD is a private company, limited by shares, registered in Scotland, registration number SC466158. The registered office is 40-42 WAGGON ROAD, AYR, KA8 8BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
47,977 
29,727 
77,704 
At 31 December 2024
47,977 
29,727 
77,704 
Depreciation
At 1 January 2024
15,356 
15,512 
30,868 
Charge for the year
3,262 
1,422 
4,684 
At 31 December 2024
18,618 
16,934 
35,552 
Net book value
At 31 December 2024
29,359 
12,793 
42,152 
At 31 December 2023
32,621 
14,215 
46,836 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,320 
2,070 
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SOUNDMAGIC MUSIC STUDIOS LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,792 
1,792 
Taxes and social security
664 
- 
2,456 
1,792 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
86,314 
87,368 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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