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REGISTERED NUMBER: 07428303 (England and Wales)













Unaudited Financial Statements

for the Year Ended 3 May 2023

for

Sonata Systems Limited

Sonata Systems Limited (Registered number: 07428303)






Contents of the Financial Statements
for the year ended 3 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sonata Systems Limited

Company Information
for the year ended 3 May 2023







DIRECTORS: Ms Y Hawkey
R Wilson





REGISTERED OFFICE: 2 Christchurch Court
171 Willesden Lane
London
NW6 7XF





REGISTERED NUMBER: 07428303 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Sonata Systems Limited (Registered number: 07428303)

Statement of Financial Position
3 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,520 13,193

CURRENT ASSETS
Stocks 5 56,181 54,557
Debtors 6 462 -
Cash at bank 3,094 20,777
59,737 75,334
CREDITORS
Amounts falling due within one year 7 44,763 27,902
NET CURRENT ASSETS 14,974 47,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,494

60,625

CREDITORS
Amounts falling due after more than one
year

8

(51,248

)

(57,883

)

PROVISIONS FOR LIABILITIES - (2,507 )
NET (LIABILITIES)/ASSETS (25,754 ) 235

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,854 ) 135
SHAREHOLDERS' FUNDS (25,754 ) 235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 3 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Sonata Systems Limited (Registered number: 07428303)

Statement of Financial Position - continued
3 May 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





R Wilson - Director


Sonata Systems Limited (Registered number: 07428303)

Notes to the Financial Statements
for the year ended 3 May 2023

1. STATUTORY INFORMATION

Sonata Systems 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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.
Fixtures and fittings - 20% 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Sonata Systems Limited (Registered number: 07428303)

Notes to the Financial Statements - continued
for the year ended 3 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 4 May 2022
and 3 May 2023 44,747 1,025 45,772
DEPRECIATION
At 4 May 2022 32,486 93 32,579
Charge for year 2,452 221 2,673
At 3 May 2023 34,938 314 35,252
NET BOOK VALUE
At 3 May 2023 9,809 711 10,520
At 3 May 2022 12,261 932 13,193

5. STOCKS
2023 2022
£    £   
Stocks 56,181 54,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 462 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 12,056 12,226
Tax - 462
Social security and other taxes 7,973 6,880
Directors' current accounts 23,934 7,563
Accrued expenses 800 771
44,763 27,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 51,248 57,883

Sonata Systems Limited (Registered number: 07428303)

Notes to the Financial Statements - continued
for the year ended 3 May 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,289 8,979

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,056 12,226

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,056 12,226

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,903 36,678

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,289 8,979