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REGISTERED NUMBER: 12405458 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 December 2023

for

SONA Shades Limited

SONA Shades Limited (Registered number: 12405458)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SONA Shades Limited

Company Information
for the Year Ended 29 December 2023







DIRECTOR: S Thapar





REGISTERED OFFICE: Reedham House
31 King Street West
United Kingdom
Manchester
M3 2PJ





BUSINESS ADDRESS: Unit 496
Holly Place
Walton Summit Centre
Preston
Lancashire
PR5 8AX





REGISTERED NUMBER: 12405458 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

SONA Shades Limited (Registered number: 12405458)

Balance Sheet
29 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,924 115,364

CURRENT ASSETS
Stocks 100,000 100,000
Debtors 5 248,733 159,591
Cash at bank 656,268 457,283
1,005,001 716,874
CREDITORS
Amounts falling due within one year 6 198,706 192,883
NET CURRENT ASSETS 806,295 523,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011,219

639,355

CREDITORS
Amounts falling due after more than one
year

7

(26,195

)

(24,919

)

PROVISIONS FOR LIABILITIES (24,839 ) (22,042 )
NET ASSETS 960,185 592,394

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 960,184 592,393
960,185 592,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SONA Shades Limited (Registered number: 12405458)

Balance Sheet - continued
29 December 2023


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 director and authorised for issue on 26 November 2024 and were signed by:





S Thapar - Director


SONA Shades Limited (Registered number: 12405458)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

SONA Shades 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.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts or finance leases are depreciated over their estimated useful lives.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of future payments is treated as a liability.
Operating leases are charged to the profit and loss account as they are incurred.

SONA Shades Limited (Registered number: 12405458)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company's financial statements for the period ended 29 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 30 December 2022 17,401 66,267 28,442
Additions - 21,661 10,263
At 29 December 2023 17,401 87,928 38,705
DEPRECIATION
At 30 December 2022 - 15,223 6,999
Charge for year - 11,516 8,448
At 29 December 2023 - 26,739 15,447
NET BOOK VALUE
At 29 December 2023 17,401 61,189 23,258
At 29 December 2022 17,401 51,044 21,443

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 December 2022 12,779 22,977 147,866
Additions 104,672 3,131 139,727
At 29 December 2023 117,451 26,108 287,593
DEPRECIATION
At 30 December 2022 7,455 2,825 32,502
Charge for year 23,911 6,292 50,167
At 29 December 2023 31,366 9,117 82,669
NET BOOK VALUE
At 29 December 2023 86,085 16,991 204,924
At 29 December 2022 5,324 20,152 115,364

SONA Shades Limited (Registered number: 12405458)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 108,164 119,448
Other debtors 140,569 40,143
248,733 159,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,141 9,891
Hire purchase contracts 45,668 -
Trade creditors 20,415 20,220
Taxation and social security 112,754 152,401
Other creditors 9,728 10,371
198,706 192,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,778 24,919
Hire purchase contracts 11,417 -
26,195 24,919

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 December 2023 and 29 December 2022:

2023 2022
£    £   
S Thapar
Balance outstanding at start of year 16,030 -
Amounts advanced 91,202 16,030
Amounts repaid (2,014 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,218 16,030