Company Registration No. 09399772 (England and Wales)
Sonia Linens Limited
Unaudited accounts
for the year ended 31 January 2024
Sonia Linens Limited
Unaudited accounts
Contents
Sonia Linens Limited
Company Information
for the year ended 31 January 2024
Company Number
09399772 (England and Wales)
Registered Office
Unit 1 South Cambridge Business Park
Babraham Road, Sawston
Cambridge
CB22 3JH
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Sonia Linens Limited
Statement of financial position
as at 31 January 2024
Tangible assets
8,392
8,940
Inventories
400,000
350,000
Cash at bank and in hand
634
4,198
Creditors: amounts falling due within one year
(221,959)
(88,365)
Net current assets
198,344
293,030
Total assets less current liabilities
206,736
301,970
Creditors: amounts falling due after more than one year
(543,215)
(676,397)
Net liabilities
(336,479)
(374,427)
Called up share capital
100
100
Profit and loss account
(336,579)
(374,527)
Shareholders' funds
(336,479)
(374,427)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 October 2024 and were signed on its behalf by
Feng Sha
Director
Company Registration No. 09399772
Sonia Linens Limited
Notes to the Accounts
for the year ended 31 January 2024
Sonia Linens Limited is a private company, limited by shares, registered in England and Wales, registration number 09399772. The registered office is Unit 1 South Cambridge Business Park, Babraham Road, Sawston, Cambridge, CB22 3JH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5% on cost
Computer equipment
20% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Sonia Linens Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
10,410
10,506
20,916
At 31 January 2024
10,410
11,113
21,523
At 1 February 2023
3,566
8,410
11,976
Charge for the year
520
635
1,155
At 31 January 2024
4,086
9,045
13,131
At 31 January 2024
6,324
2,068
8,392
At 31 January 2023
6,844
2,096
8,940
Amounts falling due within one year
Accrued income and prepayments
2,693
3,222
Other debtors
16,976
16,976
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,838
4,487
Trade creditors
10,975
2,287
Taxes and social security
23,319
39,095
Loans from directors
171,235
39,955
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
107,665
240,847
Other creditors
435,550
435,550
Included in amounts falling due after more than one year is director, Mr. Feng Sha's loan of £435,550 (2023 : £435,550), which is payable at the end of five year terms. The loan is unsecured and subordinated in favour of third party creditors.
Sonia Linens Limited
Notes to the Accounts
for the year ended 31 January 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate controlling party is Mr. Feng Sha, who is the sole director and holds one hundred percent of the company shares.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).