Sound Trading Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04918777

SOUND TRADING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

SOUND TRADING LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	7		30,568		34,892

CURRENT ASSETS

Stocks		18,809	24,783
Debtors	8	835,695	715,259
Cash at bank and in hand		138,491	54,475
		---------	---------
		992,995	794,517

CREDITORS: amounts falling due within one year	9	( 377,629)		( 252,670)
		---------		---------
NET CURRENT ASSETS			615,366		541,847
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			645,934		576,739

PROVISIONS

Taxation including deferred tax	( 7,642)	( 8,723)
	---------	---------
NET ASSETS	638,292	568,016
	---------	---------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	637,292	567,016
	---------	---------
SHAREHOLDERS FUNDS	638,292	568,016
	---------	---------

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 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SOUND TRADING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

S Allison
Director

Company registration number: 04918777

SOUND TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 1 - 5 Springfield Mount, Leeds, West Yorkshire, 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

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

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:

Property Improvements	-	25% straight line
Fixtures & Fittings	-	25% straight line
Computer Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 16 (2024: 16 ).

5. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	23,197	4,468
Adjustments in respect of prior periods	–	1
	--------	-------
Total current tax	23,197	4,469
	--------	-------

Deferred tax:

Origination and reversal of timing differences	( 1,081)	1,375
	--------	-------
Tax on profit	22,116	5,844
	--------	-------

6. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	23,832
	--------
Amortisation
At 1 January 2025 and 31 December 2025	23,832
	--------
Carrying amount
At 31 December 2025	–
	--------
At 31 December 2024	–
	--------

7. TANGIBLE ASSETS

	Leasehold Property Improve -ments	Fixtures and fittings	Computer Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	302,985	631,356	42,728	977,069
Additions	–	12,874	5,764	18,638
	---------	---------	--------	---------
At 31 December 2025	302,985	644,230	48,492	995,707
	---------	---------	--------	---------
Depreciation
At 1 January 2025	302,985	596,464	42,728	942,177
Charge for the year	–	21,041	1,921	22,962
	---------	---------	--------	---------
At 31 December 2025	302,985	617,505	44,649	965,139
	---------	---------	--------	---------
Carrying amount
At 31 December 2025	–	26,725	3,843	30,568
	---------	---------	--------	---------
At 31 December 2024	–	34,892	–	34,892
	---------	---------	--------	---------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	8,425	13,666
Amounts owed by group undertakings and undertakings in which the company has a participating interest	52,000	59,000
Other debtors	775,270	642,593
	---------	---------
	835,695	715,259
	---------	---------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	97
Trade creditors	45,519	65,971
Corporation tax	23,197	4,468
Social security and other taxes	55,344	51,345
Amounts owed to related companies	3,000	–
Other creditors	250,569	130,789
	---------	---------
	377,629	252,670
	---------	---------

10. OPERATING LEASES

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

	2025	2024
	£	£
Later than 5 years	50,000	50,000
	--------	--------