SONA_RUPA_LIMITED - Accounts

SONA RUPA LIMITED - Company Information

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Company Registration No. 01687673 (England and Wales)

SONA RUPA LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2013

SONA RUPA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

Notes

Fixed assets

Intangible assets

8,330

8,140

Tangible assets

10,419

11,945

18,749

20,085

Current assets

Stocks

198,968

182,488

Debtors

214,468

163,342

Cash at bank and in hand

1,637

22,479

415,073

368,309

Creditors: amounts falling due within one year

(267,608)

(267,572)

Net current assets

147,465

100,737

Total assets less current liabilities

166,214

120,822

Provisions for liabilities

(2,555)

(2,635)

163,659

118,187

Capital and reserves

Called up share capital

100

Profit and loss account

163,559

118,087

Shareholders' funds

163,659

118,187

For the financial period ended 31 December 2013 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 period 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 23 May 2014

Mr C G Mattani

Director

Company Registration No. 01687673

SONA RUPA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2013

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 period 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

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.9

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 PERIOD ENDED 31 DECEMBER 2013

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

163,998

27,016

191,014

Additions

2,930

150

3,080

At 31 December 2013

166,928

27,166

194,094

Depreciation

At 1 April 2013

155,858

15,071

170,929

Charge for the period

2,740

1,676

4,416

At 31 December 2013

158,598

16,747

175,345

Net book value

At 31 December 2013

8,330

10,419

18,749

At 31 March 2013

8,140

11,945

20,085

Creditors: amounts falling due within one year

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

Share capital

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100