Halo Sound Systems Ltd - Filleted accounts

Registered number

13577630

Halo Sound Systems Ltd

Filleted Accounts

31 August 2025

Halo Sound Systems Ltd

Report to the director on the preparation of the unaudited statutory accounts of Halo Sound Systems Ltd for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Halo Sound Systems Ltd for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Halo Sound Systems Ltd, as a body, in accordance with the terms of our engagement letter dated 5 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of Halo Sound Systems Ltd and state those matters that we have agreed to state to the Board of Directors of Halo Sound Systems Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halo Sound Systems Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Halo Sound Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Halo Sound Systems Ltd. You consider that Halo Sound Systems Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Halo Sound Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Boxed Accounting Limited
Chartered Certified Accountants
Floor 2
Horton House
2 Urmston Lane
Manchester
M32 9BP

11 November 2025

Halo Sound Systems Ltd
Registered number:		13577630
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		279			-
Tangible assets	4		13,307			14,543
			13,586			14,543

Current assets
Stocks		10,693			-
Debtors	5	88			88
Cash at bank and in hand		9			30
		10,790			118

Creditors: amounts falling due within one year	6	(130,917)			(91,058)

Net current liabilities			(120,127)			(90,940)

Net liabilities			(106,541)			(76,397)

Capital and reserves
Called up share capital			1			1
Share premium			303,319			303,319
Profit and loss account			(409,861)			(379,717)

Shareholders' funds			(106,541)			(76,397)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alasdair Grant
Director
Approved by the board on 11 November 2025

Halo Sound Systems Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Going concern
	At the balance sheet date the liabilites of the company exceeded its assets by £106,541. The accounts have been drawn up on a going concern basis on the assumption that the support of the director and creditors will continue for the foreseeable future.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Intangible Assets - Patents
	Patents are recognised at cost when it is probable that the rights will generate future economic benefits for the company and the cost can be measured reliably. They are stated at cost less accumulated amortisation and impairment losses. Amortisation is charged on a straight-line basis through administrative expenses over the shorter of the patent’s legal life or the period over which economic benefits are expected to be derived, not exceeding ten years. The carrying value of patents is reviewed at each reporting date for indicators of impairment and adjusted if necessary. Expenditure on research is written off as incurred.


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Intangible assets					£
	Patents:

	Cost
	Additions					310
	At 31 August 2025					310

	Amortisation
	Provided during the year					31
	At 31 August 2025					31

	Net book value
	At 31 August 2025					279

	Patents are amortized over their estimated useful life of 10 years.


4	Tangible fixed assets
		Fixtures fittings, tools & equipment		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 September 2024	14,623		15,353		29,976
	Additions	-		3,200		3,200
	At 31 August 2025	14,623		18,553		33,176

	Depreciation
	At 1 September 2024	6,884		8,549		15,433
	Charge for the year	1,935		2,501		4,436
	At 31 August 2025	8,819		11,050		19,869

	Net book value
	At 31 August 2025	5,804		7,503		13,307
	At 31 August 2024	7,739		6,804		14,543


5	Debtors			2025		2024
£					£

	Other debtors			88		88


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			20,800		22,485
	Other creditors			110,117		68,573
				130,917		91,058


7	Other information

	Halo Sound Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Horton House
	2 Urmston Lane
	Stretford
	Manchester
	M32 9BP