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 2015

SONA RUPA LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SONA RUPA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

7,104

5,581

Tangible assets

239,408

13,623

246,512

19,204

Current assets

Stocks

265,475

191,450

Debtors

243,977

246,172

Cash at bank and in hand

724

317

510,176

437,939

Creditors: amounts falling due within one year

(276,948)

(236,449)

Net current assets

233,228

201,490

Total assets less current liabilities

479,740

220,694

Creditors: amounts falling due after more than one year

(216,259)

Provisions for liabilities

(4,601)

(2,861)

258,880

217,833

Capital and reserves

Called up share capital

100

Profit and loss account

258,780

217,733

Shareholders' funds

258,880

217,833

SONA RUPA LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 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 7 April 2016

Mr C G Mattani

Director

Company Registration No. 01687673

SONA RUPA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

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 January 2015).

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 include investment properties on an existing use open market value basis. Other 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.

In stating investment properties at open market value and thus not subjecting to periodic charges for depreciation results in a departure from usual accounting principles. The usual requirement according to company legislation is to provide depreciation on any fixed assets which have a limited useful economic life. However, in this case the directors consider that writing down such assets will not show a true and fair view as the residual values of such properties are expected to remain high. The subsequent non-charge of depreciation (based on a 1/3 land split and 2% charge) amounts to £2,495 (2014 - £Nil)

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 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015

166,928

33,194

200,122

Additions

5,075

239,609

244,684

Disposals

(3,300)

At 31 December 2015

172,003

269,503

441,506

Depreciation

At 1 January 2015

161,347

19,571

180,918

On disposals

(1,864)

Charge for the year

3,552

12,388

15,940

At 31 December 2015

164,899

30,095

194,994

Net book value

At 31 December 2015

7,104

239,408

246,512

At 31 December 2014

5,581

13,623

19,204

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £82,346 (2014 - £52,321).

Creditors: amounts falling due after more than one year

2015

2014

Total amounts repayable by instalments which are due in more than five years

149,955

The aggregate amount of creditors for which security has been given amounted to £216,259 (2014 - £0).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100