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Registered number: 04385620
Lutterworth Sound & Vision Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Lutterworth Sound & Vision Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Lutterworth Sound & Vision Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04385620

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 58,811 |  | 74,385
Investments | 6 |  | 100 |  | 100
|  |  | 58,911 |  | 74,485
CURRENT ASSETS
Stocks | 7 | 215,622 |  | 247,710 |
Debtors | 8 | 19,668 |  | 34,926 |
Investments | 9 | 54,076 |  | 49,501 |
Cash at bank and in hand |  | 135,782 |  | 122,703 |
|  | 425,148 |  | 454,840 |
Creditors: Amounts Falling Due Within One Year | 10 | (232,724 ) |  | (236,600 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 192,424 |  | 218,240
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 251,335 |  | 292,725
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (11,472 ) |  | (13,769 )
NET ASSETS |  |  | 239,863 |  | 278,956
CAPITAL AND RESERVES
Called up share capital | 11 |  | 50,000 |  | 50,000
Revaluation reserve | 13 |  | 32,423 |  | 32,423
Profit and Loss Account |  |  | 157,440 |  | 196,533
SHAREHOLDERS' FUNDS |  |  | 239,863 |  | 278,956

Page 1
Page 2
Lutterworth Sound & Vision Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr I Jones Director
9 April 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Lutterworth Sound & Vision Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Lutterworth Sound & Vision Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04385620 . The registered office is 2 Church Street, Lutterworth, Leicestershire, LE17 4AW.
Principal activities
The principal activity of the company during the year continued to be that of retailing of electrical household appliances.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company's functional and presentational currency is British Pound Sterling (£).
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles - 25% reducing balance
Fixtures and fittings - 20% straight line
Appliances for rental - 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Lutterworth Sound & Vision Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.10. Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.11. Operating leases
Operating lease rentals are charged in the income statement on a straight line basis over the lease term.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 12)
13 12
Page 4
Page 5
Lutterworth Sound & Vision Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 September 2024 | 25,000
As at 31 August 2025 | 25,000
Amortisation
As at 1 September 2024 | 25,000
As at 31 August 2025 | 25,000
Net Book Value
As at 31 August 2025 | -
As at 1 September 2024 | -

5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Appliances for rental | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 September 2024 | 63,409 | 171,330 | 82,230 | 316,969
Additions | - | 6,878 | 4,022 | 10,900
As at 31 August 2025 | 63,409 | 178,208 | 86,252 | 327,869
Depreciation
As at 1 September 2024 | 36,238 | 136,710 | 69,636 | 242,584
Provided during the period | 6,791 | 13,490 | 6,193 | 26,474
As at 31 August 2025 | 43,029 | 150,200 | 75,829 | 269,058
Net Book Value
As at 31 August 2025 | 20,380 | 28,008 | 10,423 | 58,811
As at 1 September 2024 | 27,171 | 34,620 | 12,594 | 74,385

6. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 September 2024 | 100
As at 31 August 2025 | 100
Provision
As at 1 September 2024 | -
As at 31 August 2025 | -
Net Book Value
As at 31 August 2025 | 100
As at 1 September 2024 | 100

Page 5
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Lutterworth Sound & Vision Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 215,622 |  | 247,710

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,970 |  | 23,672
Amounts owed by group undertakings | 184 |  | 137
Other debtors | 14,514 |  | 11,117
| 19,668 |  | 34,926

9. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Unlisted investments | 54,076 |  | 49,501

10. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 80,284 |  | 107,729
Other creditors | 133,471 |  | 120,361
Taxation and social security | 18,969 |  | 8,510
| 232,724 |  | 236,600

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 50,000 |  | 50,000

12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 46,000 |  | 46,000
| 46,000 |  | 46,000

Page 6
Page 7
Lutterworth Sound & Vision Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
13. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 September 2024 | 32,423
As at 31 August 2025 | 32,423

Page 7