Soncer Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06802528 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 January 2021

for

Soncer Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G V Lyon

SECRETARY:

Fuller Harvey Limited

REGISTERED OFFICE:

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

REGISTERED NUMBER:

06802528 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

187

225

Investments

5

69,960

69,960

70,147

70,185

CURRENT ASSETS

Debtors

6

64,600

117,213

Cash at bank

82,068

49,007

146,668

166,220

CREDITORS

Amounts falling due within one year

7

2,926

4,692

NET CURRENT ASSETS

143,742

161,528

TOTAL ASSETS LESS CURRENT LIABILITIES

213,889

231,713

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

213,888

231,712

SHAREHOLDERS' FUNDS

213,889

231,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 April 2021 and were signed by:

G V Lyon - Director

1.	STATUTORY INFORMATION

Soncer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods and services are recognised when goods and services are delivered and legal title has passed to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or

less from the date of acquisition or opening of the deposit or similar account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2020

and 31 January 2021

2,990

4,745

7,735

DEPRECIATION

At 1 February 2020

2,990

4,520

7,510

Charge for year

-

38

38

At 31 January 2021

2,990

4,558

7,548

NET BOOK VALUE

At 31 January 2021

-

187

187

At 31 January 2020

-

225

225

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2020

and 31 January 2021

69,960

NET BOOK VALUE

At 31 January 2021

69,960

At 31 January 2020

69,960

Other Investments are AIM listed and are held at cost less impairment.

6.

DEBTORS

31.1.21

31.1.20

£

£

Amounts falling due within one year:

Trade debtors

32,800

37,200

Tax

4,113

-

VAT

187

-

Prepayments and accrued income

2,500

-

Tax

-

1,995

39,600

39,195

Amounts falling due after more than one year:

Loan Account

25,000

78,018

Aggregate amounts

64,600

117,213

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade creditors

567

98

Social security and other taxes

-

360

VAT

-

1,875

Directors' current accounts

359

359

Accrued expenses

2,000

2,000

2,926

4,692

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 February 2020

231,712

Deficit for the year

(17,824

)

At 31 January 2021

213,888