Sound Identity Limited - Accounts to registrar (filleted) - small 18.2
Sound Identity Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2019 |
for |
Sound Identity Limited |
Sound Identity Limited (Registered number: 02205097) |
Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Sound Identity Limited |
Company Information |
for the Year Ended 30 April 2019 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5a Frascati Way |
Maidenhead |
Berkshire |
SL6 4UY |
Sound Identity Limited (Registered number: 02205097) |
Balance Sheet |
30 April 2019 |
30.4.19 | 30.4.18 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Sound Identity Limited (Registered number: 02205097) |
Balance Sheet - continued |
30 April 2019 |
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. |
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 |
Sound Identity Limited (Registered number: 02205097) |
Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
1. | STATUTORY INFORMATION |
Sound Identity Limited is a |
company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies the directors are required to make |
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are |
not readily apparent from other sources. The estimates and associated assumptions are based on |
historical experience and other factors that are considered to be relevant. Actual results may differ |
from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to |
accounting estimates are recognised in the period in which the estimate is revised if the revision |
affects only that period, or in the period of the revision and future periods if the revision affects |
both current and future periods. |
The company does not make significant estimates and assumptions concerning the future. |
Turnover |
The turnover shown in the profit and loss account represents amounts receivable during the year, |
exclusive of Value Added Tax. Royalty income is recognised on receipt. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Tangible fixed assets are included at cost less depreciation and impairment. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes in fair value is recognised in profit or loss. |
Investment property is included at fair value. Gains are recognised in the income statement. |
Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
Sound Identity Limited (Registered number: 02205097) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Basic financial instruments are recognised at amortised cost using the effective interest method, |
except for investments in non-convertible preference and non-puttable preference and ordinary |
shares, which are measured at fair value, with changes recognised in profit or loss. Derivative |
financial instruments are initially recorded at cost and thereafter at fair value, with changes |
recognised in profit and loss. |
Taxation |
Taxation for the year 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 year 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. |
Investments |
Investment property is included at fair value. Gains are recognised in the income statement. |
Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Sound Identity Limited (Registered number: 02205097) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2018 |
Disposals | ( |
) |
At 30 April 2019 |
DEPRECIATION |
At 1 May 2018 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 April 2019 |
NET BOOK VALUE |
At 30 April 2019 |
At 30 April 2018 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 May 2018 |
Disposals | ( |
) |
Revaluations |
At 30 April 2019 |
PROVISIONS |
At 1 May 2018 | 3,500 |
Provision for year | 30,000 |
Provision written back | (3,500 | ) |
At 30 April 2019 | 30,000 |
NET BOOK VALUE |
At 30 April 2019 |
At 30 April 2018 |
Sound Identity Limited (Registered number: 02205097) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
5. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 30 April 2019 is represented by: |
Other |
investments |
£ |
Valuation in 2009 | 233,773 |
Valuation in 2010 | 2,890 |
Valuation in 2011 | 587 |
Valuation in 2014 | 125,750 |
Valuation in 2015 | 31,500 |
Valuation in 2016 | 25,000 |
Valuation in 2017 | 60,000 |
Valuation in 2018 | (176,000 | ) |
Valuation in 2019 | (35,500 | ) |
268,000 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2018 |
and 30 April 2019 |
NET BOOK VALUE |
At 30 April 2019 |
At 30 April 2018 |
Fair value at 30 April 2019 is represented by: |
£ |
Valuation in 2014 | 1,021,434 |
Valuation in 2015 | 228,566 |
Valuation in 2016 | 150,000 |
Valuation in 2017 | (150,000 | ) |
1,250,000 |
Sound Identity Limited (Registered number: 02205097) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
6. | INVESTMENT PROPERTY - continued |
If the investment property had not been revalued it would have been included at the following |
historical cost: |
30.4.19 | 30.4.18 |
£ | £ |
Cost | 214,250 | 214,250 |
Aggregate depreciation | (85,714 | ) | (85,714 | ) |
The investment property was valued on an open market basis on 30 April 2019 by the director of the company |
. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |