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REGISTERED NUMBER: 11942589 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Sono Tornato Limited

Sono Tornato Limited (Registered number: 11942589)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sono Tornato Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Antonio Venditto
Andrea Venditto





REGISTERED OFFICE: 23 High Street
Cardiff
CF10 1PT





REGISTERED NUMBER: 11942589 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Sono Tornato Limited (Registered number: 11942589)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,260 39,503

CURRENT ASSETS
Stocks 24,790 24,790
Debtors 5 2,886 3,567
Cash at bank 7,595 9,155
35,271 37,512
CREDITORS
Amounts falling due within one year 6 10,833 15,460
NET CURRENT ASSETS 24,438 22,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,698

61,555

CREDITORS
Amounts falling due after more than one
year

7

(225,827

)

(117,527

)

PROVISIONS FOR LIABILITIES (2,394 ) (2,394 )
NET LIABILITIES (127,523 ) (58,366 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (127,623 ) (58,466 )
(127,523 ) (58,366 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Sono Tornato Limited (Registered number: 11942589)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Antonio Venditto - Director


Sono Tornato Limited (Registered number: 11942589)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Sono Tornato 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.

The financial statements which disclose a trading loss for the period and an excess of liabilities over assets have been prepared on a going concern basis. The director has reviewed future trading prospects and has concluded that given his continued financial support the company will be able to meet its obligations as they fall due for the foreseeable future and that the going concern concept is entirely appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Sono Tornato Limited (Registered number: 11942589)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 42,645 14,752 57,397
Additions 4,933 37,738 42,671
At 31 May 2024 47,578 52,490 100,068
DEPRECIATION
At 1 June 2023 13,162 4,732 17,894
Charge for year 3,198 2,716 5,914
At 31 May 2024 16,360 7,448 23,808
NET BOOK VALUE
At 31 May 2024 31,218 45,042 76,260
At 31 May 2023 29,483 10,020 39,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 628
Other debtors 2,886 2,939
2,886 3,567

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,824 3,824
Trade creditors - 1,350
Taxation and social security 3,025 7,661
Other creditors 3,984 2,625
10,833 15,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 17,352
Other creditors 213,327 100,175
225,827 117,527

Bank loans are repayable under the Government Bounce Back loan scheme over a five year period with the interest for the first twelve months paid by the Government and no repayments required for that same period.

The loan is guaranteed by the Government.

Sono Tornato Limited (Registered number: 11942589)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. RELATED PARTY DISCLOSURES

Included in Other Creditors in note 8 to the financial statements is an amount of £213,327 due to a director. This amount is interest free and the director has agreed no repayment will be made for at least twelve months from the date of signing on these accounts.

Included in other debtors is an amount of £2,942 due from a company under common control.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Antonio Venditto.