Soundblast Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04021996

SOUNDBLAST LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 August 2025

SOUNDBLAST LIMITED

STATEMENT OF FINANCIAL POSITION

30 August 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	16,740	18,264
Tangible assets	6	46,964	54,906
		--------	--------
		63,704	73,170

CURRENT ASSETS

Stocks		9,163	9,852
Debtors	7	30,218	44,007
Cash at bank and in hand		89,601	193,181
		---------	---------
		128,982	247,040

CREDITORS: amounts falling due within one year	8	( 43,332)		( 64,206)
		---------		---------
NET CURRENT ASSETS			85,650		182,834
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			149,354		256,004

PROVISIONS

Taxation including deferred tax	–	( 2,320)
	---------	---------
NET ASSETS	149,354	253,684
	---------	---------

CAPITAL AND RESERVES

Called up share capital	150	150
Profit and loss account	149,204	253,534
	---------	---------
SHAREHOLDERS FUNDS	149,354	253,684
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SOUNDBLAST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 August 2025

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

S. Allison

Director

Company registration number: 04021996

SOUNDBLAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Faversham, 1-5 Springfield Mount, Leeds, LS2 9NG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Income tax

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

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20% straight line
Lease Premium	-	over the term of the lease

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	over the term of the lease
Fixtures & Fittings	-	25% reducing balance
Computers	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 17 (2024: 30 ).

5. INTANGIBLE ASSETS

	Goodwill	Lease Premium	Total
	£	£	£
Cost
At 31 August 2024 and 30 August 2025	5,000	54,694	59,694
	-------	--------	--------
Amortisation
At 31 August 2024	5,000	36,430	41,430
Charge for the year	–	1,524	1,524
	-------	--------	--------
At 30 August 2025	5,000	37,954	42,954
	-------	--------	--------
Carrying amount
At 30 August 2025	–	16,740	16,740
	-------	--------	--------
At 30 August 2024	–	18,264	18,264
	-------	--------	--------

6. TANGIBLE ASSETS

	Leasehold Property Improve -ments	Fixtures and fittings	Computers	Total
	£	£	£	£
Cost
At 31 August 2024	76,457	485,410	20,326	582,193
Additions	–	2,188	–	2,188
	--------	---------	--------	---------
At 30 August 2025	76,457	487,598	20,326	584,381
	--------	---------	--------	---------
Depreciation
At 31 August 2024	50,798	457,825	18,664	527,287
Charge for the year	2,124	7,453	553	10,130
	--------	---------	--------	---------
At 30 August 2025	52,922	465,278	19,217	537,417
	--------	---------	--------	---------
Carrying amount
At 30 August 2025	23,535	22,320	1,109	46,964
	--------	---------	--------	---------
At 30 August 2024	25,659	27,585	1,662	54,906
	--------	---------	--------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	4,066	2,568
Other debtors	26,152	41,439
	--------	--------
	30,218	44,007
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	23,362	41,551
Social security and other taxes	4,762	865
Other creditors	15,208	21,790
	--------	--------
	43,332	64,206
	--------	--------

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	24,000	24,000
Later than 1 year and not later than 5 years	96,000	96,000
Later than 5 years	146,000	170,000
	---------	---------
	266,000	290,000
	---------	---------