ACCOUNTS - Final Accounts preparation

Registered number: 12582838

SONICBRAND LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


SONICBRAND LTD REGISTERED NUMBER:12582838

BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	31 October
	2024	2023
Note	£	£

Fixed assets
Tangible assets	4		11,666		7,870
			11,666		7,870
Current assets
Debtors: amounts falling due within one year	5	451,709		200,215
Cash at bank	6	228,205		205,232
		679,914		405,447
Creditors: amounts falling due within one year	7	(754,796)		(614,332)
Net current liabilities			(74,882)		(208,885)
Total assets less current liabilities			(63,216)		(201,015)

Net liabilities			(63,216)		(201,015)

Capital and reserves
Called up share capital	8	10	10
Profit and loss account		(63,226)	(201,025)
		(63,216)	(201,015)

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SONICBRAND LTD REGISTERED NUMBER:12582838

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D M Jackson

Director

Date: 29 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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SONICBRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Sonicbrand Ltd is a private company, limited by shares, registered in England and Wales, registration number 12582838. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The company has extended its accounting period from 31 October 2024 to 31 December 2024.

The principal activity of the company continued to be that of an advertising agency.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit and loss account.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from advertising activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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SONICBRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	straight-line
				Computer equipment	-	20%	straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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SONICBRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

Employees

The average monthly number of employees, including directors, during the period was 8 (2023 - 6).

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 November 2023	779	13,753	14,532
Additions	-	9,375	9,375
At 31 December 2024	779	23,128	23,907
Depreciation
At 1 November 2023	156	6,506	6,662
Charge for the period	182	5,397	5,579
At 31 December 2024	338	11,903	12,241
Net book value
At 31 December 2024	441	11,225	11,666
At 31 October 2023	623	7,247	7,870

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SONICBRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					31 December	31 October
					2024	2023
					£	£


Trade debtors	262,823	109,635
Other debtors	4,400	79,370
Prepayments and accrued income	184,486	11,210
	451,709	200,215

6.	Cash
		31 December	31 October
		2024	2023
		£	£

	Cash at bank	228,205	205,232

7.	Creditors: amounts falling due within one year
		31 December	31 October
		2024	2023
		£	£

Trade creditors	47,621	70,950
Other taxation and social security	60,419	21,918
Other creditors	2,312	1,891
Accruals and deferred income	644,444	519,573
	754,796	614,332

8.	Share capital
		31 December	31 October
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £0.10 each	10	10

9.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £14,325 (2023 - £14,606). Contributions totalling £2,311 (2023 - £NIL) were payable to the fund at the reporting date and are included in creditors.

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SONICBRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

10.	Transactions with directors

As at the year end, the directors owed £NIL (2023 - £52) to the company. The loan is interest free, unsecured and repayable on demand.

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