REGISTERED NUMBER: 08172972 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Phil Wright Sound Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Wright

Mrs E Wright

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

08172972 (England and Wales)

ACCOUNTANTS:

CSL Partnership (Addlestone) Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

8,716

12,291

CURRENT ASSETS

Debtors

5

11,398

2,525

Cash at bank

44,392

17,736

55,790

20,261

CREDITORS

Amounts falling due within one year

6

(25,648

)

(16,059

)

NET CURRENT ASSETS

30,142

4,202

TOTAL ASSETS LESS CURRENT LIABILITIES

38,858

16,493

CREDITORS

Amounts falling due after more than one year

7

-

(580

)

PROVISIONS FOR LIABILITIES

(2,179

)

(2,335

)

NET ASSETS

36,679

13,578

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

36,674

13,573

SHAREHOLDERS' FUNDS

36,679

13,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

P J Wright - Director

1.	STATUTORY INFORMATION

Phil Wright Sound Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Office

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

7,945

18,750

28,822

55,517

DEPRECIATION

At 1 April 2025

6,513

14,177

22,536

43,226

Charge for year

358

1,143

2,074

3,575

At 31 March 2026

6,871

15,320

24,610

46,801

NET BOOK VALUE

At 31 March 2026

1,074

3,430

4,212

8,716

At 31 March 2025

1,432

4,573

6,286

12,291

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

10,576

563

Other debtors

31

794

Prepayments

791

1,168

11,398

2,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

3,891

Tax

15,275

2,498

Social security and other taxes

-

1,886

VAT

4,075

1,908

Other creditors

1,715

1,251

Directors' current accounts

2,313

2,439

Accrued expenses

2,270

2,186

25,648

16,059

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

580

8.	RELATED PARTY DISCLOSURES

At 31 March 2026 the company owed the directors £2,313 (2025 - £2,439) in respect of their directors' loan accounts.