MADE_BY_SONDER_LIMITED - Accounts

MADE BY SONDER LIMITED - Company Information

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Company Registration No. 03839151 (England and Wales)

MADE BY SONDER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

MADE BY SONDER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MADE BY SONDER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

31,718

40,104

Current assets

Debtors

404,184

295,259

Cash at bank and in hand

82,186

159,885

486,370

455,144

Creditors: amounts falling due within one year

(341,836)

(251,699)

Net current assets

144,534

203,445

Total assets less current liabilities

176,252

243,549

176,252

243,549

Capital and reserves

Called up share capital

100

Profit and loss account

176,152

243,547

Shareholders' funds

176,252

243,549

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 27 September 2016

Mr S J Chappell

Director

Company Registration No. 03839151

MADE BY SONDER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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 January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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

20% to 33% straight line

Fixed assets

Tangible assets

Cost

At 1 January 2015

404,906

Additions

12,529

At 31 December 2015

417,435

Depreciation

At 1 January 2015

364,802

Charge for the year

20,915

At 31 December 2015

385,717

Net book value

At 31 December 2015

31,718

At 31 December 2014

40,104

MADE BY SONDER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

During the year 98 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.

Ultimate parent company

The ultimate parent company is Summersault Two Limited, a company registered in England and Wales.