| Soniqplay Ltd |
| Registered number: |
08078274 |
| Abbreviated Balance Sheet |
| as at 31 May 2014 |
|
|
|
|
|
|
|
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
11,200 |
|
|
22,399 |
| Tangible assets |
3 |
|
|
879 |
|
|
1,660 |
|
|
|
|
12,079 |
|
|
24,059 |
|
| Current assets |
| Debtors |
|
|
185 |
|
|
- |
| Cash at bank and in hand |
|
|
87 |
|
|
163 |
|
|
|
272 |
|
|
163 |
|
| Creditors: amounts falling due within one year |
|
|
(242,219) |
|
|
(243,958) |
|
| Net current liabilities |
|
|
|
(241,947) |
|
|
(243,795) |
|
| Net liabilities |
|
|
|
(229,868) |
|
|
(219,736) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
985 |
|
|
985 |
| Profit and loss account |
|
|
|
(230,853) |
|
|
(220,721) |
|
| Shareholders' funds |
|
|
|
(229,868) |
|
|
(219,736) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Miss L D Long |
| Director |
| Approved by the board on 14 February 2015 |
|
| Soniqplay Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2014 |
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|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Intangible assets amortisation |
|
Intangible assets consist of intellectual property which is being amortised in equal annual instalments over its estimated economic life of 3 years. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33.33% straight line |
|
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Going concern |
|
The directors are aware that the balance sheet reflects net liabilities as at the end of the period. The shareholders and directors will continue to provide ongoing financial support to the company so that it may meet its obligations if and when they become due. It is on this basis the directors are of the opinion that the accounts are to be prepared on the going concern basis. |
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2013 |
33,598 |
|
At 31 May 2014 |
33,598 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 June 2013 |
11,199 |
|
Provided during the year |
11,199 |
|
At 31 May 2014 |
22,398 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2014 |
11,200 |
|
At 31 May 2013 |
22,399 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2013 |
2,342 |
|
At 31 May 2014 |
2,342 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2013 |
682 |
|
Charge for the year |
781 |
|
At 31 May 2014 |
1,463 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2014 |
879 |
|
At 31 May 2013 |
1,660 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.01 each |
|
98,500 |
|
985 |
|
985 |
|
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|
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| 5 |
Ultimate controlling party |
|
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The company is controlled by Soniqplay Inc., a company incorporated in the USA with registed offices situated at Corporation Trust Centre 1209 Orante Street, Wilmington, Newcastle, DE 19801. |
