ACCOUNTS - Final Accounts preparation

Registered number: 14301413

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	FUTURESONIC RECORDS LTD


FUTURESONIC RECORDS LTD

COMPANY INFORMATION

Directors	K S Sandhu
	G L Wood


Registered number	14301413


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


FUTURESONIC RECORDS LTD

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3


FUTURESONIC RECORDS LTD REGISTERED NUMBER:14301413

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		13,461		13,461
Debtors: amounts falling due within one year	4	6,655		664
		20,116		14,125
Creditors: amounts falling due within one year	5	(467,240)		(264,396)
Net current liabilities			(447,124)		(250,271)
Total assets less current liabilities			(447,124)		(250,271)

Net liabilities			(447,124)		(250,271)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(447,224)	(250,371)
	(447,124)	(250,271)

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 period 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 statement of income and retained earnings 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:

K S Sandhu

Director

Date: 23 December 2025

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

Page 1


FUTURESONIC RECORDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Futuresonic Records Limited is a private company, limited by shares, registered in England and Wales, company registration number 14301413. The registered office is 4th Floor 95 Gresham Street, London, United Kingdom, EC2V 7AB.

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

Going concern

At the balance sheet 31 March 2025 the company shows a deficiency of total assets over total liabilities of £447,124 (2024: £250,271). Due to the ongoing support of directors, and expectation regarding future trading performance, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going conern basis.

2.3

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 generated through music production and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Employees

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

Page 2


FUTURESONIC RECORDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					2025
					£


	Other debtors	6,655
		6,655

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

Trade creditors	8,298	-
Other creditors	454,492	259,946
Accruals and deferred income	4,450	4,450
	467,240	264,396

6.	Related party transactions
	The company had transactions with its directors totalling £454,492 (2024: £259,946). These balances are included within the 'Other creditors' section of these financial statements.

Page 3