Company No: 03100243 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	923,560		912,498
		923,560		912,498
Current assets
Stocks		1,230,600		1,466,256
Debtors	5	352,730		217,877
Cash at bank and in hand		306,639		179,883
		1,889,969		1,864,016
Creditors: amounts falling due within one year	6	( 420,759)		( 376,506)
Net current assets		1,469,210		1,487,510
Total assets less current liabilities		2,392,770		2,400,008
Creditors: amounts falling due after more than one year	7	( 25,152)		( 79,709)
Provision for liabilities		( 33,104)		( 42,634)
Net assets		2,334,514		2,277,665
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		2,334,414		2,277,565
Total shareholder's funds		2,334,514		2,277,665

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Sound Post Limited (registered number: 03100243) were approved and authorised for issue by the Board of Directors on 30 March 2026. They were signed on its behalf by:

Mr M A Lipington Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Sound Post Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Jocelyn House 2d Newopaul Way, Warminster Business Park, Warminster, BA12 8RY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Seperately acquired trademarks and licences are shown at historical cost.

Trademarks, licenses (including software) and customer-related intangible assets acquired in business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	20 % reducing balance
Trademarks, patents and licences	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. of activity. Cost is calculated using the average cost price method. Provision is made for obsolete, slow-moving or defective items where appropriate.
The cost of finished goods and work in progress comprises direct materials, and , where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If the stocks are impaired, the cost is reduced to selling price less costs to complete and sell; the impairment loss is immediately recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when the are due. If contribution payments exceed the contribution due for the service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		11

3. Intangible assets

	Goodwill		Trademarks, patents and licences		Total
	£		£		£
Cost
At 01 January 2025	34,500		17,530		52,030
At 31 December 2025	34,500		17,530		52,030
Accumulated amortisation
At 01 January 2025	34,500		17,530		52,030
At 31 December 2025	34,500		17,530		52,030
Net book value
At 31 December 2025	0		0		0
At 31 December 2024	0		0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2025	964,269		162,947		45,361		6,015		1,178,592
Additions	0		880		37,055		0		37,935
Disposals	0		0		( 22,861)		0		( 22,861)
At 31 December 2025	964,269		163,827		59,555		6,015		1,193,666
Accumulated depreciation
At 01 January 2025	96,339		126,561		39,816		3,378		266,094
Charge for the financial year	13,800		7,336		1,140		528		22,804
Disposals	0		0		( 18,792)		0		( 18,792)
At 31 December 2025	110,139		133,897		22,164		3,906		270,106
Net book value
At 31 December 2025	854,130		29,930		37,391		2,109		923,560
At 31 December 2024	867,930		36,386		5,545		2,637		912,498

5. Debtors

	2025		2024
	£		£
Trade debtors	162,098		173,528
Other debtors	190,632		44,349
	352,730		217,877

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	47,445		40,334
Trade creditors	31,375		58,972
Amounts owed to Group undertakings	5,770		5,770
Taxation and social security	214,237		197,277
Other creditors	121,932		74,153
	420,759		376,506

The amounts included in the bank loan above are secured by way of a fixed charge on the property owned by the company.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	25,152		79,709

The amounts included above are secured by way of a fixed charge on the property owned by the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10,000 ordinary shares of £ 0.01 each	100		100

9. Related Party Transactions

Director - D Henshaw

	2025		2024
	£		£
Brought forward	490		25,509
Advanced to directors	14,352		337
Repayment by directors	(14,842)		(25,356)
	0		490

Director - M A Lipington

	2025		2024
	£		£
Brought forward	270		12,185
Advanced to directors	0		174
Repayment by directors	(270)		(12,089)
	0		270

Loans to Directors are subject to interest at 2.25% per annum and are repayable on demand.

Owners holding a participating interest in the entity

The company has taken advantage of the exemption provided by Section 33 of FRS 102 'Related Party Disclosures' and has not disclosed transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transaction is wholly owned by a member of that group.

10. Ultimate controlling party

Parent Company:

Mayflower (TSP) Limited

Jocelyn House, 2d Newopaul Way, Warminster Business Park, Warminster, BA12 8RY