ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

SOUND JAR LIMITED - Company Information

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09433059 SOUND JAR LIMITED 2015-02-11 2016-02-28 false true 2016-02-28 09433059 2015-02-10 09433059 c:EntityAccountantsOrAuditors 2016-02-28 09433059 2016-02-28 09433059 2015-02-11 2016-02-28 09433059 c:OrdinaryShareClass1 2016-02-28 09433059 c:OrdinaryShareClass1 2015-02-11 2016-02-28 09433059 c:OrdinaryShareClass2 2016-02-28 09433059 c:OrdinaryShareClass2 2015-02-11 2016-02-28 09433059 c:OrdinaryShareClass3 2016-02-28 09433059 c:OrdinaryShareClass3 2015-02-11 2016-02-28 09433059 c:Director1 2015-02-11 2016-02-28 09433059 c:EntityAccountantsOrAuditors 2015-02-11 2016-02-28 iso4217:GBP xbrli:shares

REGISTERED NUMBER: 09433059










SOUND JAR LIMITED

UNAUDITED
ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 28 FEBRUARY 2016























PM+M Solutions for Business LLP
Chartered Accountants
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
PAGE 1
 
SOUND JAR LIMITED
 
 
The following reproduces the text of the Chartered Accountants' Report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SOUND JAR LIMITED
FOR THE PERIOD ENDED 28 FEBRUARY 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sound Jar Limited for the period ended 28 February 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at:
www.icaew.com/en/members/regulations-standards-and-guidance/.


This report is made solely to the Board of Directors of Sound Jar Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sound Jar Limited and state those matters that we have agreed to state to the Board of Directors of Sound Jar Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sound Jar Limited and its Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Sound Jar Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that Sound Jar Limited is exempt from the statutory audit requirement for the period.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Sound Jar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





PM+M Solutions for Business LLP
 
Chartered Accountants
  
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB

1 December 2016

PAGE 2
 
SOUND JAR LIMITED
REGISTERED NUMBER: 09433059


ABBREVIATED BALANCE SHEET
AS AT 28 FEBRUARY 2016

2016
Note
£
£
 
Current assets



 
Cash at bank
22,706
 
Creditors: amounts falling due within one year
(39,919)
 
Net current liabilities


(17,213)
 
Total assets less current liabilities
 (17,213)
  
Capital and reserves

 
Called up share capital
2
100
 
Profit and loss account
(17,313)
 
Shareholders' deficit
 

 (17,213)


PAGE 3
 
SOUND JAR LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 28 FEBRUARY 2016

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 28 February 2016 and of its loss for the period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 1 December 2016.





Mr R B MaCleod
Director

The notes on page 4 form part of these financial statements.


PAGE 4
 
SOUND JAR LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 28 FEBRUARY 2016

1.Accounting Policies

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Going concern
The financial statements have been prepared on the going concern basis on the understanding that the directors will continue to provide financial support for twelve months from the date of signing the accounts. There are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. 

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.


2.Share capital
        2016
        £

Allotted, called up and fully paid


25 Ordinary A 1 shares of £1 each
25
25 Ordinary B 1 shares of £1 each
25
50 Ordinary C 1 shares of £1 each
50

 100

During the period 25 Ordinary A Shares, 25 Ordinary B Shares and 50 Ordinary C Shares were issued for consideration of £1 per share. All shares have full voting rights , one vote per share, total priveledges in respect of dividends and will be permitted to participate in any distribution (including winding up). Any dividend payable on the shares shall be decided by the Company in the General Meeting.