Abbreviated Company Accounts - SONIC GAMES LIMITED

SONIC GAMES LIMITED - Company Information

06815088 SONIC GAMES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 06815088 2013-06-01 2014-05-31 06815088 2014-05-31 06815088 2013-05-31 06815088 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06815088 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director3 2013-05-31 uk-gaap-cd-bus:Director4 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director4 2014-05-31 uk-gaap-cd-bus:Director4 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06815088

SONIC GAMES LIMITED

Abbreviated Accounts

31 May 2014

SONIC GAMES LIMITED Registered Number 06815088

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	15,420	8,582
		15,420	8,582
Current assets
Stocks		1,000	9,997
Debtors		9,940	12,847
Cash at bank and in hand		253	159
		11,193	23,003
Creditors: amounts falling due within one year		(17,099)	(30,729)
Net current assets (liabilities)		(5,906)	(7,726)
Total assets less current liabilities		9,514	856
Provisions for liabilities		(1,094)	(743)
Total net assets (liabilities)		8,420	113
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		8,320	13
Shareholders' funds		8,420	113

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 July 2014

And signed on their behalf by:
Mrs J Champion, Director
Mr A P Reeves, Director

SONIC GAMES LIMITED Registered Number 06815088

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance
The Directors consider that freehold and leasehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.
The Directors perform annual impairment reviews in accordance with the requirements of FRS15 and FRS11 to ensure that the carrying value is not higher than the recoverable amount.

Other accounting policies
Related party disclosures:
The company was under the control of Mrs J Champion and Mr A Reeves throughout the period under review.
Mrs Champion and Mr Reeves are both Directors of the company, and together hold all of the issued share capital.
During the year, sales were made to Topdraw Games Limited, a company of which Mrs J Champion is also a Director, and purchases were made from this company.

2Tangible fixed assets

	£
Cost
At 1 June 2013	13,811
Additions	8,660
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	22,471
Depreciation
At 1 June 2013	5,229
Charge for the year	1,822
On disposals	-
At 31 May 2014	7,051
Net book values
At 31 May 2014	15,420
At 31 May 2013	8,582

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mrs J Champion
Description of the transaction:	Loans to Director
Balance at 1 June 2013:	£ 1,431
Advances or credits made:	£ 4,970
Advances or credits repaid:	£ 1,431
Balance at 31 May 2014:	£ 4,970

Name of director receiving advance or credit:	Mr A P Reeves
Description of the transaction:	Loans to Director
Balance at 1 June 2013:	£ 1,431
Advances or credits made:	£ 4,970
Advances or credits repaid:	£ 1,431
Balance at 31 May 2014:	£ 4,970

Directors loans are to be repaid within nine months of the year end.