Sonocle Limited

(Registration number: 10434561)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	15,000	25,000
Tangible assets	5	579	882
		15,579	25,882
Current assets
Debtors	6	87,254	23,578
Cash at bank and in hand		13,558	36,646
		100,812	60,224
Creditors: Amounts falling due within one year	7	(102,337)	(53,971)
Net current (liabilities)/assets		(1,525)	6,253
Total assets less current liabilities		14,054	32,135
Creditors: Amounts falling due after more than one year	7	(50,000)	(50,000)
Net liabilities		(35,946)	(17,865)
Capital and reserves
Called up share capital	8	10	10
Retained earnings		(35,956)	(17,875)
Shareholders' deficit		(35,946)	(17,865)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... K S Karue Director

Sonocle Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 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:
Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD
United Kingdom

These financial statements were authorised for issue by the Board on 29 September 2025.

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.

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.

Tax

The tax expense for the period comprises current 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.

Sonocle Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

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
Furniture, ffiitngs and equipment	25% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software platform costs	straight line basis over 5 years

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.

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.

Sonocle Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2024	50,000	50,000
At 31 December 2024	50,000	50,000
Amortisation
At 1 January 2024	25,000	25,000
Amortisation charge	10,000	10,000
At 31 December 2024	35,000	35,000
Carrying amount
At 31 December 2024	15,000	15,000
At 31 December 2023	25,000	25,000

Sonocle Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	1,209	1,209
At 31 December 2024	1,209	1,209
Depreciation
At 1 January 2024	327	327
Charge for the year	303	303
At 31 December 2024	630	630
Carrying amount
At 31 December 2024	579	579
At 31 December 2023	882	882

6

Debtors

Current	2024 £	2023 £
Trade debtors	76,884	11,975
Prepayments	228	175
Other debtors	10,142	11,428
	87,254	23,578

Sonocle Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		13,890	32,806
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	22,568	2,532
Taxation and social security		9,468	2,634
Accruals and deferred income		56,195	15,806
Other creditors		216	193
		102,337	53,971

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Other financial liabilities	50,000	50,000

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £0.01 each	1,000	10	1,000	10

Sonocle Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

9	Related party transactions

Expenditure with and payables to related parties

2024	Parent £
Rendering of services	122,400

2023	Parent £
Rendering of services	134,400

Loans from related parties

2024	Parent £	Total £
At start of period	2,532	2,532
Advanced	29,148	29,148
Repaid	(9,112)	(9,112)
At end of period	22,568	22,568

2023	Parent £	Total £
At start of period	2,964	2,964
Advanced	17,964	17,964
Repaid	(18,396)	(18,396)
At end of period	2,532	2,532

Terms of loans from related parties

The parent company Omnis Intelligence Limited, provided short-term cash flow support to Sonocle Ltd, which is repayable on demand.