SONA_RUPA_LIMITED - Accounts

SONA RUPA LIMITED - Company Information

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Company Registration No. 01687673 (England and Wales)

SONA RUPA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SONA RUPA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SONA RUPA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

5,581

8,330

Tangible assets

13,623

10,419

19,204

18,749

Current assets

Stocks

191,450

198,968

Debtors

246,172

214,468

Cash at bank and in hand

317

1,637

437,939

415,073

Creditors: amounts falling due within one year

(236,449)

(267,608)

Net current assets

201,490

147,465

Total assets less current liabilities

220,694

166,214

Provisions for liabilities

(2,861)

(2,555)

217,833

163,659

Capital and reserves

Called up share capital

100

Profit and loss account

217,733

163,559

Shareholders' funds

217,833

163,659

For the financial year ended 31 December 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 2 June 2015

Mr C G Mattani

Director

Company Registration No. 01687673

SONA RUPA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

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:

Fixtures, fittings & equipment

15% per annum on a reducing balance basis.

Motor vehicles

20% per annum on a reducing balance basis.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Audio production costs

Audio production costs are stated at cost less amortisation. Amortisation is provided at a rate of 33% per annum on a reducing balance basis which is the rate used to write off the cost over the expected useful life.

SONA RUPA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2014

166,928

27,166

194,094

Additions

6,028

At 31 December 2014

166,928

33,194

200,122

Depreciation

At 1 January 2014

158,598

16,747

175,345

Charge for the period

2,749

2,824

5,573

At 31 December 2014

161,347

19,571

180,918

Net book value

At 31 December 2014

5,581

13,623

19,204

At 31 December 2013

8,330

10,419

18,749

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £52,321 (2013 - £20,501).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100