Company Registration No. 05521464 (England and Wales)
SONEMAT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
SONEMAT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SONEMAT LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
918
2,305
Current assets
Debtors
18,796
7,410
Cash at bank and in hand
87,698
99,582
106,494
106,992
Creditors: amounts falling due within one year
(1,774)
(11,747)
Net current assets
104,720
95,245
Total assets less current liabilities
105,638
97,550
Capital and reserves
Called up share capital
3
11
11
Share premium account
3,997
3,997
Profit and loss account
101,630
93,542
Shareholders' funds
105,638
97,550
For the financial year ended 30 June 2014 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 March 2015
Dr M Potter
Director
Company Registration No. 05521464
SONEMAT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Laboratory equipment
20% on the straight line basis
Computer equipment
33.33% on the straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2013 & at 30 June 2014
7,484
Depreciation
At 1 July 2013
5,179
Charge for the year
1,387
At 30 June 2014
6,566
Net book value
At 30 June 2014
918
At 30 June 2013
2,305
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,100 Ordinary shares of 1p each
11
11
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