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Abridged Financial Statements |
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for the Year Ended 31st December 2020 |
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Sound Network Limited |
REGISTERED NUMBER:
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Abridged Financial Statements |
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for the Year Ended 31st December 2020 |
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for |
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Sound Network Limited |
Sound Network Limited (Registered number: 03154172) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2020 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Sound Network Limited |
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Company Information |
for the Year Ended 31st December 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
506 Kingsbury Road |
London |
NW9 9HE |
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BANKERS: |
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27 Soho Street |
London |
W1D 3QR |
Sound Network Limited (Registered number: 03154172) |
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Abridged Balance Sheet |
31st December 2020 |
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31/12/20 | 31/12/19 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings | 6 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Sound Network Limited (Registered number: 03154172) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2020 |
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1. | STATUTORY INFORMATION |
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Sound Network Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Operating leases |
Rentals under operating leases are charged to the Profit and loss account on straight line basis over the lease term. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Sound Network Limited (Registered number: 03154172) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2020 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2020 |
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Additions |
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Disposals | ( |
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At 31st December 2020 |
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DEPRECIATION |
At 1st January 2020 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st December 2020 |
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NET BOOK VALUE |
At 31st December 2020 |
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At 31st December 2019 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/20 | 31/12/19 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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6. | RESERVES |
Retained |
earnings |
£ |
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At 1st January 2020 |
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Deficit for the year | ( |
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At 31st December 2020 |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Dpa Microphones A/S , a company registered in Denmark |
(Company number 15912200). |