ACCOUNTS - Final Accounts preparation

Registered number: NI631879

MACsound Belfast Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2025

MACsound Belfast Ltd

Registered number: NI631879

Balance Sheet

As at 30 June 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		12,917		14,180
			12,917		14,180
Current assets
Debtors: amounts falling due within one year	6	23,128		30,545
Cash at bank and in hand		103,585		148,727
		126,713		179,272
Creditors: amounts falling due within one year	7	(58,690)		(114,677)
Net current assets			68,023		64,595
Total assets less current liabilities			80,940		78,775

Net assets			80,940		78,775

Capital and reserves
Called up share capital	8	2	2
Profit and loss account		80,938	78,773
		80,940	78,775

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MACsound Belfast Ltd

Registered number: NI631879

Balance Sheet (continued)

As at 30 June 2025

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 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 on 27 October 2025.

John Macartney

Director

The notes on pages 3 to 6 form part of these financial statements.

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MACsound Belfast Ltd

Notes to the Financial Statements

For the Year Ended 30 June 2025

1.	General information

MACsound Belfast Ltd is a private company limited by shares incorporated in Northern Ireland within the United Kingdom. The registration number and address of the registered office are given in the company information section of these financial statements.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

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MACsound Belfast Ltd

Notes to the Financial Statements

For the Year Ended 30 June 2025

2.Accounting policies (continued)

2.3

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 balance sheet date in the countries where the Company operates and generates income.

2.4

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.

The estimated useful lives range as follows:

Plant and machinery	-	4	years straight line
Motor vehicles	-	3	years straight line
Fixtures and fittings	-	4	years straight line
Computer equipment	-	4	years straight line

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.

2.5

Financial Instruments

The Company only enters into basic financial instrument transactions.

2.6

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.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the process of applying the Company's accounting policies, management has not made any signifcant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

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MACsound Belfast Ltd

Notes to the Financial Statements

For the Year Ended 30 June 2025

5.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 July 2024	94,982	16,971	2,181	1,715	115,849
Additions	7,642	-	-	1,117	8,759
At 30 June 2025	102,624	16,971	2,181	2,832	124,608
Depreciation
At 1 July 2024	81,600	16,810	1,651	1,608	101,669
Charge for the year on owned assets	9,247	155	237	383	10,022
At 30 June 2025	90,847	16,965	1,888	1,991	111,691
Net book value
At 30 June 2025	11,777	6	293	841	12,917
At 30 June 2024	13,382	161	530	107	14,180

Debtors

					2025	2024
					£	£


Trade debtors	21,860	29,431
Prepayments and accrued income	1,268	1,114
	23,128	30,545

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	14,620	10,300
Other taxation and social security	2,718	4,477
Other creditors	35,961	89,418
Accruals and deferred income	5,391	10,482
	58,690	114,677

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MACsound Belfast Ltd

Notes to the Financial Statements

For the Year Ended 30 June 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary 'A' share of £1.00	1	1
1 (2024 - 1) Ordinary 'B' share of £1.00	1	1

	2	2

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