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COMPANY REGISTRATION NUMBER: 04389282
Sonco Limited
Filleted Unaudited Financial Statements
30 June 2024
Sonco Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
110,372
103,500
Cash at bank and in hand
1,997
16,565
---------
---------
112,369
120,065
Creditors: amounts falling due within one year
5
58,078
51,751
---------
---------
Net current assets
54,291
68,314
--------
--------
Total assets less current liabilities
54,291
68,314
--------
--------
Net assets
54,291
68,314
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
54,191
68,214
--------
--------
Shareholders funds
54,291
68,314
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
Mr D Sodha
Director
Company registration number: 04389282
Sonco Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Beechcroft Road, Bushey, WD23 2JU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
4. Debtors
2024
2023
£
£
Other debtors
110,372
103,500
---------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
55,462
39,467
Social security and other taxes
6,675
Other creditors
2,616
5,609
--------
--------
58,078
51,751
--------
--------
6. Directors' advances, credits and guarantees
The directors loan account is not disclosed as permitted under Section 1A of FRS 102 .