Sound Taste Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11112978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 DECEMBER 2017 TO 31 DECEMBER 2018

FOR

SOUND TASTE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Z Manzoor

REGISTERED OFFICE:

2a Chequers Court

Huntingdon

Cambridgeshire

PE29 3LJ

REGISTERED NUMBER:

11112978 (England and Wales)

ACCOUNTANT:

HW Huntingdon Limited

2a Chequers Court

Huntingdon

PE29 3LJ

FIXED ASSETS

Tangible assets

4

105,364

CURRENT ASSETS

Stocks

5,000

Debtors

5

24,762

Cash at bank and in hand

1,524

31,286

CREDITORS

Amounts falling due within one year

6

213,345

NET CURRENT LIABILITIES

(182,059

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(76,695

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(76,795

)

SHAREHOLDERS' FUNDS

(76,695

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 September 2019 and were signed by:

Z Manzoor - Director

1.	STATUTORY INFORMATION

Sound Taste 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 period was 29 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

Additions

108,075

996

109,071

At 31 December 2018

108,075

996

109,071

DEPRECIATION

Charge for period

3,603

104

3,707

At 31 December 2018

3,603

104

3,707

NET BOOK VALUE

At 31 December 2018

104,472

892

105,364

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

19,162

Prepayments

5,600

24,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

10,588

Amounts owed to group undertakings

179,747

Social security and other taxes

25

Other creditors

2,365

Directors' current accounts

20,620

213,345

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

20,000

Between one and five years

80,000

In more than five years

180,000

280,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2018:

£

Z Manzoor

Balance outstanding at start of period

-

Amounts advanced

113

Amounts repaid

(20,733

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(20,620

)

10.	ULTIMATE CONTROLLING PARTY

The controlling parties are Z Manzoor and K Ayub by virtue of their joint ownership of the issued ordinary share

capital.