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REGISTERED NUMBER: 05944454 (England and Wales)















SONAS DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SONAS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: M King





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 05944454 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,417 1,720
Tangible assets 5 223,025 176,550
224,442 178,270

CURRENT ASSETS
Stocks 132,142 121,713
Debtors 6 205,776 55,097
Cash at bank 138,382 192,232
476,300 369,042
CREDITORS
Amounts falling due within one year 7 252,801 364,696
NET CURRENT ASSETS 223,499 4,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,941

182,616

CREDITORS
Amounts falling due after more than one
year

8

154,222

162,501
NET ASSETS 293,719 20,115

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 293,619 20,015
SHAREHOLDERS' FUNDS 293,719 20,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

BALANCE SHEET - continued
31ST AUGUST 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd February 2024 and were signed by:





M King - Director


SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Sonas Developments 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patent is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued

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.

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 year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Patent Totals
£    £    £   
COST
At 1st September 2022
and 31st August 2023 30,000 3,030 33,030
AMORTISATION
At 1st September 2022 30,000 1,310 31,310
Amortisation for year - 303 303
At 31st August 2023 30,000 1,613 31,613
NET BOOK VALUE
At 31st August 2023 - 1,417 1,417
At 31st August 2022 - 1,720 1,720

SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st September 2022 49,732 99,812 2,152
Additions - 9,663 -
Disposals - - -
At 31st August 2023 49,732 109,475 2,152
DEPRECIATION
At 1st September 2022 - 49,957 430
Charge for year - 18,481 215
Eliminated on disposal - - -
At 31st August 2023 - 68,438 645
NET BOOK VALUE
At 31st August 2023 49,732 41,037 1,507
At 31st August 2022 49,732 49,855 1,722

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st September 2022 143,197 4,558 299,451
Additions 101,052 2,574 113,289
Disposals (108 ) - (108 )
At 31st August 2023 244,141 7,132 412,632
DEPRECIATION
At 1st September 2022 70,975 1,539 122,901
Charge for year 46,692 1,426 66,814
Eliminated on disposal (108 ) - (108 )
At 31st August 2023 117,559 2,965 189,607
NET BOOK VALUE
At 31st August 2023 126,582 4,167 223,025
At 31st August 2022 72,222 3,019 176,550

Included in fixed assets are assets with a cost of £231,044 (2022 - £110,266) and net book value of £131,107 (2022 - £56,538) which are held under hire purchase contracts.

SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 124,392 -
Tax 81,384 54,097
Prepayments - 1,000
205,776 55,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 48,345 108,114
Hire purchase contracts 41,751 30,823
Trade creditors 78,502 22,661
Social security and other taxes 8,976 7,744
VAT 52,729 31,395
Pension 2,853 2,213
Sonas Holdings Hereford
Limited 5,806 11,426
Directors' current accounts 1,075 137,792
Accruals and deferred income 2,764 2,528
252,801 364,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 17,501 27,501
Other loans 39,856 88,201
Hire purchase contracts 96,865 46,799
154,222 162,501

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

SONAS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05944454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

10. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end due to M King of £1,074 (2022 - £137,791).

At the year end the company owed £5,806 (2022 - £11,426) to Sonas Holdings Hereford Limited, a company under the control of the director and shareholder M King.