Abbreviated Company Accounts - SONIC EXPRESS COURIERS LIMITED

SONIC EXPRESS COURIERS LIMITED - Company Information

Registered Number 06393182

SONIC EXPRESS COURIERS LIMITED

Abbreviated Accounts

30 September 2014

SONIC EXPRESS COURIERS LIMITED Registered Number 06393182

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	1,290
Tangible assets	3	1,375	1,398
		1,375	2,688
Current assets
Debtors		4,795	2,252
Cash at bank and in hand		8,899	4,474
		13,694	6,726
Creditors: amounts falling due within one year		(10,829)	(14,589)
Net current assets (liabilities)		2,865	(7,863)
Total assets less current liabilities		4,240	(5,175)
Creditors: amounts falling due after more than one year		-	(2)
Total net assets (liabilities)		4,240	(5,177)
Capital and reserves
Called up share capital		2	2
Profit and loss account		4,238	(5,179)
Shareholders' funds		4,240	(5,177)

For the year ending 30 September 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 30 November 2015

And signed on their behalf by:
L Coles, Director

SONIC EXPRESS COURIERS LIMITED Registered Number 06393182

Notes to the Abbreviated Accounts for the period ended 30 September 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 an annual rate of 25% on the reducing balance, for all tangible fixed assets, in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Intangible assets amortisation policy
Goodwill being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years

2Intangible fixed assets

	£
Cost
At 1 October 2013	1,290
Additions	-
Disposals	(1,290)
Revaluations	-
Transfers	-
At 30 September 2014	0
Amortisation
At 1 October 2013	-
Charge for the year	-
On disposals	-
At 30 September 2014	-
Net book values
At 30 September 2014	0
At 30 September 2013	1,290

3Tangible fixed assets

	£
Cost
At 1 October 2013	5,809
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	5,809
Depreciation
At 1 October 2013	4,411
Charge for the year	23
On disposals	-
At 30 September 2014	4,434
Net book values
At 30 September 2014	1,375
At 30 September 2013	1,398