Acorah Software Products - Accounts Production 16.2.850 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03122839 Mr Nicholas Batt Mr Andrew McCreeth Mr Nicholas Batt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03122839 2023-04-30 03122839 2024-04-30 03122839 2023-05-01 2024-04-30 03122839 frs-core:CurrentFinancialInstruments 2024-04-30 03122839 frs-core:Non-currentFinancialInstruments 2024-04-30 03122839 frs-core:PlantMachinery 2024-04-30 03122839 frs-core:PlantMachinery 2023-05-01 2024-04-30 03122839 frs-core:PlantMachinery 2023-04-30 03122839 frs-core:ShareCapital 2024-04-30 03122839 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03122839 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03122839 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03122839 frs-bus:SmallEntities 2023-05-01 2024-04-30 03122839 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03122839 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03122839 frs-bus:Director1 2023-05-01 2024-04-30 03122839 frs-bus:Director2 2023-05-01 2024-04-30 03122839 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03122839 frs-countries:EnglandWales 2023-05-01 2024-04-30 03122839 2022-04-30 03122839 2023-04-30 03122839 2022-05-01 2023-04-30 03122839 frs-core:CurrentFinancialInstruments 2023-04-30 03122839 frs-core:Non-currentFinancialInstruments 2023-04-30 03122839 frs-core:ShareCapital 2023-04-30 03122839 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Sonic State Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03122839
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,750 10,619
10,750 10,619
CURRENT ASSETS
Debtors 5 23,852 16,659
Cash at bank and in hand 35,192 37,724
59,044 54,383
Creditors: Amounts Falling Due Within One Year 6 (9,330 ) (9,968 )
NET CURRENT ASSETS (LIABILITIES) 49,714 44,415
TOTAL ASSETS LESS CURRENT LIABILITIES 60,464 55,034
Creditors: Amounts Falling Due After More Than One Year 7 (6,295 ) (11,270 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,040 ) (2,018 )
NET ASSETS 52,129 41,746
CAPITAL AND RESERVES
Called up share capital 8 109 109
Profit and Loss Account 52,020 41,637
SHAREHOLDERS' FUNDS 52,129 41,746
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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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Batt
Director
31 December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sonic State Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03122839 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 33,843
Additions 3,715
As at 30 April 2024 37,558
Depreciation
As at 1 May 2023 23,224
Provided during the period 3,584
As at 30 April 2024 26,808
Net Book Value
As at 30 April 2024 10,750
As at 1 May 2023 10,619
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,165 12,307
Payment on account 3,322 1,200
VAT 2,458 2,245
Directors' loan accounts 907 907
23,852 16,659
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 942 3,305
Bank loans and overdrafts 4,924 4,924
Corporation tax 2,810 402
Credit card 654 1,337
9,330 9,968
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,295 11,270
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 109 109
9. Related Party Transactions
During the year the company paid consultancy fees to two Directors, N Batt and A McCreeth, amounting to £62,748 (2023 £65,410) charged at normal commercial rates.
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