Registration number: NI604240

Sonic Academy Limited

(Registration number: NI604240)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	7,413	13,869
Tangible assets	5	58,652	72,886
		66,065	86,755
Current assets
Debtors	6	1,506	2,291
Cash at bank and in hand		450,607	294,184
		452,113	296,475
Creditors: due within one year	7	(365,596)	(106,569)
Net current assets		86,517	189,906
Total assets less current liabilities		152,582	276,661
Provisions for liabilities		(16,516)	(21,689)
Net assets		136,066	254,972
Capital and reserves
Called up share capital	8	100	100
Retained earnings		135,966	254,872
Shareholders' funds		136,066	254,972

For the financial year ending 31 August 2025 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.

Sonic Academy Limited

(Registration number: NI604240)
Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 29 May 2026 and signed on its behalf by:
 

......................................... Bryan Spence Director

Sonic Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 5 Downshire Park, Bangor, BT20 3TP.

These financial statements were authorised for issue by the Board on 29 May 2026.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Sonic Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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:

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.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Sonic Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Intangible assets

	Goodwill  £	Website development costs  £	Total £
Cost or valuation
At 1 September 2024	32,600	25,825	58,425
At 31 August 2025	32,600	25,825	58,425
Amortisation
At 1 September 2024	32,600	11,956	44,556
Amortisation charge	-	6,456	6,456
At 31 August 2025	32,600	18,412	51,012
Carrying amount
At 31 August 2025	-	7,413	7,413
At 31 August 2024	-	13,869	13,869

Sonic Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	184,586	96,345	280,931
Additions	4,017	-	4,017
At 31 August 2025	188,603	96,345	284,948
Depreciation
At 1 September 2024	145,279	62,766	208,045
Charge for the year	9,856	8,395	18,251
At 31 August 2025	155,135	71,161	226,296
Carrying amount
At 31 August 2025	33,468	25,184	58,652
At 31 August 2024	39,307	33,579	72,886

6

Debtors

	2025 £	2024 £
Prepayments	1,506	2,291
	1,506	2,291

7	Creditors: due within one year

	2025 £	2024 £
Trade creditors	3,264	9,955
Taxation and social security	148,622	34,733
Accruals and deferred income	204,869	47,719
Other creditors	8,841	14,162
	365,596	106,569

Sonic Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100