Songways Service Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 00885677

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		16,650		19,029
Tangible Assets	5		16,095		3,684

			32,745		22,713
CURRENT ASSETS
Debtors	6	477,443		550,144
Cash at bank and in hand		57,411		145,893

		534,854		696,037
Creditors: Amounts Falling Due Within One Year	7	(451,162 )		(608,254 )

NET CURRENT ASSETS (LIABILITIES)			83,692		87,783

TOTAL ASSETS LESS CURRENT LIABILITIES			116,437		110,496

NET ASSETS			116,437		110,496

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			116,337		110,396

SHAREHOLDERS' FUNDS			116,437		110,496

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Songways Service Limited

Balance Sheet (continued)

As At 31 December 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 21 September 2026 and were signed on its behalf by:

L S Richmond

Director

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Songways Service Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00885677 . The registered office is Suite 2.07, Plaza 535, Kings Road, London, SW10 0SZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

FRS 102 is the Financial Reporting Standard applicable in the UK and Republic of Ireland. The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from the standard.

2.2. Turnover

Turnover is recognised at fair value of the consideration received or receivable. Furthermore, revenue is recognised when it is probable that economic benefits will flow to the company and the amount of the revenue can be reliably measured.

Fees for provision of management services

Fees for the provision of management services are recognised on a straight-line basis over the period to which they accrue.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets comprise software licence costs.

Software licence costs are recognised as intangible fixed assets and measured at cost less amortisation and impairment losses. The cost is amortised evenly over the useful economic life or, if shorter, the licence term. The economic life is considered to be 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Fixtures & Fittings	15%
Computer Equipment	33.33%

At the end of each financial year, the tangible fixed assets are reviewed for any indication of impairment. If there are any losses then the carrying amounts of the tangible fixed assets are reduced to their estimated recoverable amounts and the impairment losses are recognised in the profit and loss account. If the impairment losses reverse, the carrying amounts are increased and the reversal is recognised in the profit and loss account.

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Songways Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Assets held under finance leases (being rental agreements under which the company has assumed substantially all the risks and rewards of ownership) are capitalised as tangible fixed assets. The corresponding lease obligations (net of the interest charge) are included as liabilities. The interest element of rental obligations is charged to the profit and loss account over the period of the relevant lease so as to produce a constant periodic rate of charge on the net obligations outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits of ownership remain with the lessor are charged to the profit and loss account on a straight-line basis over the lease term.

2.6. Foreign Currencies

The financial statements are presented in sterling and this is also the functional currency of the company.

Transactions in currencies (other than the functional currency) are recorded at the rate of exchange ruling at the date of the transaction.

Monetary items denominated in other currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date.

All exchange differences arising are dealt with in the profit and loss account.

2.7. Taxation

Current tax represents the amount of tax payable in respect of taxable profit for the current or past financial years. The company’s liability to current tax is measured using tax rates that have been enacted by the balance sheet date.

Deferred tax represents future tax consequences of transactions recognised in the current or past financial years. Deferred tax is recognised in respect of all timing differences except that deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws, that have been enacted by the balance sheet date, that are expected to apply to the reversal of timing differences.

2.8. Pensions

The company operates a contributory defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company. Pension contributions are charged to the profit and loss account in the period in which they are incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 9)

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Songways Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Software
	£
Cost
As at 1 January 2025	23,786

As at 31 December 2025	23,786

Amortisation
As at 1 January 2025	4,757
Provided during the period	2,379

As at 31 December 2025	7,136

Net Book Value
As at 31 December 2025	16,650

As at 1 January 2025	19,029

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Songways Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	52,027	101,133	98,777	251,937
Additions	-	-	17,144	17,144

As at 31 December 2025	52,027	101,133	115,921	269,081

Depreciation
As at 1 January 2025	52,027	101,133	95,093	248,253
Provided during the period	-	-	4,733	4,733

As at 31 December 2025	52,027	101,133	99,826	252,986

Net Book Value
As at 31 December 2025	-	-	16,095	16,095

As at 1 January 2025	-	-	3,684	3,684

Fixtures and fittings comprises costs related to the group's long leasehold property.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	346,781	364,737
Amounts owed by group undertakings	53,022	115,277
Other debtors	77,640	70,130

	477,443	550,144

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	247,742	293,259
Amounts owed to group undertakings	132,582	256,389
Other creditors	47,524	37,645
Taxation and social security	23,314	20,961

	451,162	608,254

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Songways Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

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

	2025	2024
	£	£
Not later than one year	3,920	4,088
Later than one year and not later than five years	14,699	1,022

	18,619	5,110

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