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REGISTERED NUMBER: 06459455 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

SONEX TRANSPORT LIMITED

SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SONEX TRANSPORT LIMITED

Company Information
for the year ended 29 February 2024







Directors: Mr M W Johnson
Mrs A I Johnson





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 06459455 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,006 656
1,006 656

Current assets
Debtors 6 54,674 69,601
Cash at bank and in hand 37,390 33,209
92,064 102,810
Creditors
Amounts falling due within one year 7 54,661 56,975
Net current assets 37,403 45,835
Total assets less current liabilities 38,409 46,491

Creditors
Amounts falling due after more than one
year

8

(22,441

)

(26,076

)

Provisions for liabilities 9 (251 ) (125 )
Net assets 15,717 20,290

Capital and reserves
Called up share capital 10 2 2
Retained earnings 15,715 20,288
Shareholders' funds 15,717 20,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Balance Sheet - continued
29 February 2024


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 September 2024 and were signed on its behalf by:





Mrs A I Johnson - Director


SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Sonex Transport 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.

The company recognises turnover in the same period within which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all of its liabilities.

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 balance sheet date.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 March 2023
and 29 February 2024 20,000
Amortisation
At 1 March 2023
and 29 February 2024 20,000
Net book value
At 29 February 2024 -
At 28 February 2023 -

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 March 2023 541 29,840 1,218 31,599
Additions - - 847 847
At 29 February 2024 541 29,840 2,065 32,446
Depreciation
At 1 March 2023 329 29,840 774 30,943
Charge for year 135 - 362 497
At 29 February 2024 464 29,840 1,136 31,440
Net book value
At 29 February 2024 77 - 929 1,006
At 28 February 2023 212 - 444 656

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 March 2023
and 29 February 2024 29,840
Depreciation
At 1 March 2023
and 29 February 2024 29,840
Net book value
At 29 February 2024 -
At 28 February 2023 -

SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 47,212 61,178
Other debtors 7,462 8,423
54,674 69,601

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 3,500 3,500
Hire purchase contracts - 376
Trade creditors 10,510 15,861
Taxation and social security 38,351 34,920
Other creditors 2,300 2,318
54,661 56,975

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 22,441 26,076

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 251 125

Deferred
tax
£   
Balance at 1 March 2023 125
Provided during year 126
Balance at 29 February 2024 251

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 - -
10 Ordinary A 0.1 1 1
10 Ordinary B 0.1 1 1
2 2

SONEX TRANSPORT LIMITED (REGISTERED NUMBER: 06459455)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


11. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr M W Johnson
Balance outstanding at start of year (18 ) (222 )
Amounts advanced 85,825 66,345
Amounts repaid (83,211 ) (66,141 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,596 (18 )

Amounts advanced to the director are charged at an interest rate of 2.5% and are repayable upon demand.