Sonix Construction Limited 06090365 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is telecoms construction Digita Accounts Production Advanced 6.30.9574.0 true true 06090365 2023-03-01 2024-02-29 06090365 2024-02-29 06090365 core:CurrentFinancialInstruments 2024-02-29 06090365 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 06090365 core:Non-currentFinancialInstruments 2024-02-29 06090365 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 06090365 core:FurnitureFittings 2024-02-29 06090365 core:MotorVehicles 2024-02-29 06090365 core:OtherPropertyPlantEquipment 2024-02-29 06090365 bus:SmallEntities 2023-03-01 2024-02-29 06090365 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06090365 bus:FilletedAccounts 2023-03-01 2024-02-29 06090365 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06090365 bus:RegisteredOffice 2023-03-01 2024-02-29 06090365 bus:Director2 2023-03-01 2024-02-29 06090365 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06090365 core:FurnitureFittings 2023-03-01 2024-02-29 06090365 core:MotorVehicles 2023-03-01 2024-02-29 06090365 core:OfficeEquipment 2023-03-01 2024-02-29 06090365 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 06090365 core:PlantMachinery 2023-03-01 2024-02-29 06090365 countries:EnglandWales 2023-03-01 2024-02-29 06090365 2023-02-28 06090365 core:FurnitureFittings 2023-02-28 06090365 core:MotorVehicles 2023-02-28 06090365 core:OtherPropertyPlantEquipment 2023-02-28 06090365 2022-03-01 2023-02-28 06090365 2023-02-28 06090365 core:CurrentFinancialInstruments 2023-02-28 06090365 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 06090365 core:Non-currentFinancialInstruments 2023-02-28 06090365 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 06090365 core:FurnitureFittings 2023-02-28 06090365 core:MotorVehicles 2023-02-28 06090365 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 06090365

Sonix Construction Limited
Annual Report and
Unaudited Financial Statements

29 February 2024

 

Sonix Construction Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Sonix Construction Limited

Balance Sheet
29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

8,854

14,068

Current assets

 

Debtors

6

192,777

253,174

Cash at bank and in hand

 

429,277

19,948

 

622,054

273,122

Creditors: Amounts falling due within one year

7

(391,444)

(207,394)

Net current assets

 

230,610

65,728

Total assets less current liabilities

 

239,464

79,796

Creditors: Amounts falling due after more than one year

7

(13,007)

(23,147)

Provisions for liabilities

(888)

(1,519)

Net assets

 

225,569

55,130

Capital and reserves

 

Called up share capital

4

4

Retained earnings

225,565

55,126

Shareholders' funds

 

225,569

55,130

 

Sonix Construction Limited

Balance Sheet
29 February 2024

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 

.........................................
Mr P Jackson
Director

Company Registration Number: 06090365

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

The principal place of business is:
Suite 313A
India Mill Business Centre
Bolton Road
Darwen
Lancashire
BB3 1AE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Furniture and fittings

25% straight line

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

Motor vehicles

25% straight line

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 7 (2023 - 8).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

10,391

9,932

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 March 2023

18,331

22,214

9,420

49,965

Additions

4,231

500

590

5,321

Disposals

(5,032)

-

(505)

(5,537)

At 29 February 2024

17,530

22,714

9,505

49,749

Depreciation

At 1 March 2023

11,676

16,660

7,560

35,896

Charge for the year

3,998

5,580

812

10,390

Eliminated on disposal

(4,886)

-

(505)

(5,391)

At 29 February 2024

10,788

22,240

7,867

40,895

Carrying amount

At 29 February 2024

6,742

474

1,638

8,854

At 28 February 2023

6,655

5,553

1,860

14,068

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

110,920

147,297

Prepayments

11,611

21,939

Other debtors

70,246

83,938

 

192,777

253,174

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,142

9,892

Trade creditors

 

181,083

127,969

Taxation and social security

 

128,622

58,426

Accruals and deferred income

 

2,247

1,900

Other creditors

 

69,350

9,207

 

391,444

207,394

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,007

23,147

 

Sonix Construction Limited

Notes to the Unaudited Financial Statements
Year Ended 29 February 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

13,007

23,147

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,142

9,892

9

Related party transactions

Director's remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.
The directors who are also shareholders receive dividends as part of this remuneration package.