Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 04668511 Mr Simon Stock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04668511 2023-02-28 04668511 2024-02-28 04668511 2023-03-01 2024-02-28 04668511 frs-core:CurrentFinancialInstruments 2024-02-28 04668511 frs-core:ComputerEquipment 2023-03-01 2024-02-28 04668511 frs-core:ShareCapital 2024-02-28 04668511 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 04668511 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 04668511 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 04668511 frs-bus:SmallEntities 2023-03-01 2024-02-28 04668511 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 04668511 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 04668511 frs-bus:Director1 2023-03-01 2024-02-28 04668511 frs-core:CurrentFinancialInstruments 1 2024-02-28 04668511 frs-core:CurrentFinancialInstruments 2 2024-02-28 04668511 frs-countries:EnglandWales 2023-03-01 2024-02-28 04668511 2022-02-28 04668511 2023-02-28 04668511 2022-03-01 2023-02-28 04668511 frs-core:CurrentFinancialInstruments 2023-02-28 04668511 frs-core:ShareCapital 2023-02-28 04668511 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 04668511 frs-core:CurrentFinancialInstruments 1 2023-02-28 04668511 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 04668511
Sonic8 Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Another Answer Ltd
First Floor, Bourne House
Cores End Road
Bourne End
Bucks
SL8 5AR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04668511
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 29,980 39,034
Debtors 5 62,861 149,911
Cash at bank and in hand 59,515 71,659
152,356 260,604
Creditors: Amounts Falling Due Within One Year 6 8,159 (129,042 )
NET CURRENT ASSETS (LIABILITIES) 160,515 131,562
TOTAL ASSETS LESS CURRENT LIABILITIES 160,515 131,562
NET ASSETS 160,515 131,562
CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Profit and Loss Account 140,515 111,562
SHAREHOLDERS' FUNDS 160,515 131,562
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Stock
Director
31st July 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sonic8 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04668511 . The registered office is 9 Goldington Road, Bedford, MK40 3JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

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 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 is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 3
2.7. Trade Debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
2.8. Provisions and Accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recongnised for future operating losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Finished goods 29,980 39,034
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,763 93,442
Prepayments and accrued income 550 870
Other debtors 549 55,582
Corporation tax recoverable assets (1 ) 17
62,861 149,911
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,361 87,967
Corporation tax 7,786 7,922
VAT 14,282 19,000
Rent Deposit (1,175 ) (1,175 )
Dividends Payable (65,438 ) 15,000
Accruals and deferred income 25 328
(8,159 ) 129,042
7. Secured Creditors
Stoneroad Properties Limited and Mayhall Properties Limited hold all monies due or to become due from the company to the charges under the terms of aforementioned instrument creating or evidence charge.
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