Sonoworld Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
378,075
66,001
Creditors: amounts falling due within one year
(239,497)
(15,614)
Net current assets
138,678
50,487
Called up share capital
100
100
Profit and loss account
164,367
50,387
Shareholders' funds
164,467
50,487
For the year ending 30 April 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 30 May 2024 and were signed on its behalf by
Philip Musiiwa
Director
Company Registration No. 14033555
Sonoworld Limited
Notes to the Accounts
for the year ended 30 April 2024
Sonoworld Limited is a private company, limited by shares, registered in England and Wales, registration number 14033555. The registered office is 3 Birkby Close, Hamilton, Leicester, Leicestershire, LE5 1PS, 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.
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:
Motor vehicles
Reducing Balance over 5 Years
Fixtures & fittings
Reducing Balance over 5 Years
Computer equipment
Reducing Balance over 5 years
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
28,000
750
2,700
31,450
At 30 April 2024
28,000
750
2,700
31,450
Charge for the year
5,040
135
486
5,661
At 30 April 2024
5,040
135
486
5,661
At 30 April 2024
22,960
615
2,214
25,789
Amounts falling due within one year
Sonoworld Limited
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
35,992
15,614
Loans from directors
202,505
-
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).