Luke Williams Sound Limited 09586059 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is sound engineering activities. Digita Accounts Production Advanced 6.30.9574.0 true 09586059 2024-06-01 2025-05-31 09586059 2025-05-31 09586059 core:CurrentFinancialInstruments 2025-05-31 09586059 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 09586059 core:Non-currentFinancialInstruments 2025-05-31 09586059 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 09586059 bus:SmallEntities 2024-06-01 2025-05-31 09586059 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 09586059 bus:FilletedAccounts 2024-06-01 2025-05-31 09586059 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09586059 bus:RegisteredOffice 2024-06-01 2025-05-31 09586059 bus:Director1 2024-06-01 2025-05-31 09586059 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09586059 bus:Agent1 2024-06-01 2025-05-31 09586059 core:OtherRelatedParties 2024-06-01 2025-05-31 09586059 core:UKTax 2024-06-01 2025-05-31 09586059 countries:EnglandWales 2024-06-01 2025-05-31 09586059 2023-06-01 2024-05-31 09586059 2024-05-31 09586059 core:CurrentFinancialInstruments 2024-05-31 09586059 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09586059 core:Non-currentFinancialInstruments 2024-05-31 09586059 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 09586059 core:UKTax 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 09586059

Luke Williams Sound Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Luke Williams Sound Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Luke Williams Sound Limited

Company Information

Director | Luke Williams

Registered office | 9 Hare & Billet Road Blackheath SE3 0RB

Accountants | Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

Luke Williams Sound Limited

(Registration number: 09586059)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 5 | 19,744 | 7,237
Cash at bank and in hand |  | 1,772 | 2,964
|  | 21,516 | 10,201
Creditors: Amounts falling due within one year | 6 | (19,053) | (9,462)
Total assets less current liabilities |  | 2,463 | 739
Creditors: Amounts falling due after more than one year | 6 | (558) | (4,582)
Net assets/(liabilities) |  | 1,905 | (3,843)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 1,805 | (3,943)
Shareholders' funds/(deficit) |  | 1,905 | (3,843)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 April 2026

......................................... Luke Williams Director

Luke Williams Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

These financial statements were authorised for issue by the director on 20 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and when the service is performed, if the service straddles more than one accounting period, income is recognised on a pro rata basis.

Luke Williams Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Luke Williams Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Taxation

Tax charged/(credited) in the income statement

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 8,034 | 3,931

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 5,812 | 3,576
Other debtors | 13,932 | 3,661
| 19,744 | 7,237

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 6,697 | 4,229
Social security and other taxes |  | 479 | -
Accruals |  | 1,362 | 1,302
Income tax liability |  | 10,515 | 3,931
|  | 19,053 | 9,462
Due after one year |  |  |
Loans and borrowings | 8 | 558 | 4,582

Luke Williams Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 558 | 4,582

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 558 | 4,582

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 6,697 | 4,229

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £285.00 (2024 - £208.33) per ordinary share |  | 28,500 |  | 20,833

Luke Williams Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

10 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 11,559 | 12,570

Summary of transactions with other related parties

Luke Williams Director and shareholder
During the year Luke Williams received dividends totalling £28,500 (2024: £20,833). The director incurred expenditure on the companies behalf totalling £9,778 (2024: £12,369) and received a salary of £11,558 (2024: £12,570). Interest was charged on the overdrawn director's loan account totalling £217 (2024: £395). At the balance sheet date the amount due from Luke Williams was £13,933 (2024: £3,661) this was repaid after the year end.