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Company registration number: 10581932
Sonicon Music Ltd
Unaudited filleted financial statements
31 January 2024
Sonicon Music Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Sonicon Music Ltd
Directors and other information
Directors Mr Benjamin Edwards
Company number 10581932
Registered office 8th Floor Becket House
36 Old Jewry
London
EC2R 8DD
Business address 4 Rothbury Road
Hove
BN3 5LH
Accountants Bowker Orford
8th Floor Becket House
36 Old jewry
London
EC2R 8DD
Sonicon Music Ltd
Statement of financial position
31 January 2024
2024 2023
£ £
Fixed assets 1,719 6,058
_______ _______
Current assets 123,846 89,919
Creditors: amounts falling due within one year ( 36,560) ( 33,652)
_______ _______
Net current assets 87,286 56,267
_______ _______
Total assets less current liabilities 89,005 62,325
Creditors: amounts falling due after more than one year ( 3,183) ( 4,255)
Accruals and deferred income ( 4,150) ( 2,900)
_______ _______
Net assets 81,672 55,170
_______ _______
Capital and reserves 81,672 55,170
_______ _______
Notes to the financial statements
Sonicon Music Ltd
Year ended 31 January 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. COVID-19 Impact
Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for a long or indefinite periods of time. In the UK this began on 23rd March 2020. Measures taken to control the spread of the virus, including travel bans, quarantines, social distancing and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Sonicon Music Ltd is likely to be affected in the form of loss of income, however this will not significantly impact the entity's position. The company has determined that these events are non-adjusting subsequent events. Accordingly, the financial position and results of operations as of and for the year ended 2021 have not been adjusted to reflect their impact. The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central banks responses, remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the company for future periods. The director, having undertaken various assessments, are of the opinion that the company is a going concern.
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.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
Mr Benjamin Edwards
Director
Company registration number: 10581932
The company is a private company limited by shares, registered in England.