Company No: 05521464 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Professor Steven Mark Dixon
	Dr Natasha Lunn (Resigned 02 May 2025)
	Dr Mark David George Potter

SECRETARY

Dr Mark David George Potter

REGISTERED OFFICE	34 High Street
	Aldridge
	Walsall
	WS9 8LZ
	United Kingdom

BUSINESS ADDRESS	Department of Physics
	University of Warwick
	Warwick
	Warwickshire
	CV4 7AL

COMPANY NUMBER

05521464 (England and Wales)

CHARTERED ACCOUNTANTS	Edwards Chartered Accountants
	34 High Street
	Aldridge
	Walsall
	WS9 8LZ

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	550		660
Tangible assets	5	2,068		3,540
		2,618		4,200
Current assets
Debtors	6	4,789		10,073
Cash at bank and in hand		67,660		97,677
		72,449		107,750
Creditors: amounts falling due within one year	7	( 23,367)		( 19,311)
Net current assets		49,082		88,439
Total assets less current liabilities		51,700		92,639
Net assets		51,700		92,639
Capital and reserves
Called-up share capital	8	12		11
Share premium account		3,997		3,997
Profit and loss account		47,691		88,631
Total shareholder's funds		51,700		92,639

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sonemat Limited (registered number: 05521464) were approved and authorised for issue by the Board of Directors on 27 November 2025. They were signed on its behalf by:

Dr Mark David George Potter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sonemat Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 34 High Street, Aldridge, Walsall, WS9 8LZ, United Kingdom. The principal place of business is Department of Physics, University of Warwick, Warwick, Warwickshire, CV4 7AL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Defined benefit schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Share-based payment

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

The company has taken advantage of transitional exemptions not to apply FRS102 1A to any share-based payment transactions entered into before the transition date of 1 July 2015.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademarks, patents and licences

3 - 10 years straight line

Research and development

Research and development expenditure is written off against profits in the year in which it is incurred

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery	5 years straight line
Computer equipment	3 years straight line

Leases

The company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in bank only.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade debtors, other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade creditors, and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	3		4

4. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 July 2024	1,600		1,600
At 30 June 2025	1,600		1,600
Accumulated amortisation
At 01 July 2024	940		940
Charge for the financial year	110		110
At 30 June 2025	1,050		1,050
Net book value
At 30 June 2025	550		550
At 30 June 2024	660		660

5. Tangible assets

	Plant and machinery		Computer equipment		Total
	£		£		£
Cost
At 01 July 2024	10,421		11,393		21,814
At 30 June 2025	10,421		11,393		21,814
Accumulated depreciation
At 01 July 2024	8,909		9,365		18,274
Charge for the financial year	423		1,049		1,472
At 30 June 2025	9,332		10,414		19,746
Net book value
At 30 June 2025	1,089		979		2,068
At 30 June 2024	1,512		2,028		3,540

6. Debtors

	2025		2024
	£		£
Trade debtors	0		4,042
Other debtors	4,789		6,031
	4,789		10,073

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		98
Other creditors	23,367		19,213
	23,367		19,311

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,174 Class 1 ordinary shares of £ 0.01 each	12		12