Live Sound Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07529201 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2021

for

Live Sound Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Clarkson

REGISTERED OFFICE:

Stonebridge House

Bridge Street

Leatherhead

Surrey

KT22 8BZ

REGISTERED NUMBER:

07529201 (England and Wales)

ACCOUNTANTS:

Maroon Accounts

Statutory Auditor

S4 Stonebridge House

28-32 Bridge Street

Leatherhead

Surrey

KT22 8BZ

FIXED ASSETS

Tangible assets

4

1,417

3,056

CURRENT ASSETS

Cash at bank

26,012

36,056

CREDITORS

Amounts falling due within one year

5

13,817

12,391

NET CURRENT ASSETS

12,195

23,665

TOTAL ASSETS LESS CURRENT LIABILITIES

13,612

26,721

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

13,611

26,720

SHAREHOLDERS' FUNDS

13,612

26,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 and authorised for issue on 28 July 2021 and were signed by:

R Clarkson - Director

1.	STATUTORY INFORMATION

Live Sound Services Ltd 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.

Plant and machinery etc

-

50% on cost and 33% on cost

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 year was 1 (2020 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2020

31,152

Additions

166

Disposals

(6,821

)

At 28 February 2021

24,497

DEPRECIATION

At 1 March 2020

28,096

Charge for year

1,665

Eliminated on disposal

(6,681

)

At 28 February 2021

23,080

NET BOOK VALUE

At 28 February 2021

1,417

At 29 February 2020

3,056

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/21

29/2/20

£

£

Tax

(491

)

8,718

Social security and other taxes

4

-

VAT

185

3,325

Other creditors

14,000

-

Directors' current accounts

119

348

13,817

12,391