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REGISTERED NUMBER: 05995288 (England and Wales)














Financial Statements for the Year Ended 31 March 2022

for

SNO Limited

SNO Limited (Registered number: 05995288)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNO Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: R I Sinclair





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 05995288 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

SNO Limited (Registered number: 05995288)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,803 52,865
44,803 52,865

CURRENT ASSETS
Debtors 6 68,416 88,009
Cash at bank and in hand 303,717 364,783
372,133 452,792
CREDITORS
Amounts falling due within one year 7 460,811 171,140
NET CURRENT (LIABILITIES)/ASSETS (88,678 ) 281,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,875

)

334,517

CREDITORS
Amounts falling due after more than one year 8 (566,667 ) (850,000 )

PROVISIONS FOR LIABILITIES (8,513 ) (10,044 )
NET LIABILITIES (619,055 ) (525,527 )

CAPITAL AND RESERVES
Called up share capital 9 1,550 1,550
Share premium 10 69,750 69,750
Retained earnings 10 (690,355 ) (596,827 )
SHAREHOLDERS' FUNDS (619,055 ) (525,527 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SNO Limited (Registered number: 05995288)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2022 and were signed by:





R I Sinclair - Director


SNO Limited (Registered number: 05995288)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

SNO Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Intangible assets
Expenditure on research and development is amortised at a rate of 33.33% reducing balance.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 16 ) .

SNO Limited (Registered number: 05995288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 34,881
AMORTISATION
At 1 April 2021
and 31 March 2022 34,881
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 5,914 53,682 23,862 83,458
Additions 479 340 3,168 3,987
At 31 March 2022 6,393 54,022 27,030 87,445
DEPRECIATION
At 1 April 2021 3,830 10,737 16,026 30,593
Charge for year 641 8,657 2,751 12,049
At 31 March 2022 4,471 19,394 18,777 42,642
NET BOOK VALUE
At 31 March 2022 1,922 34,628 8,253 44,803
At 31 March 2021 2,084 42,945 7,836 52,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors 68,416 88,009

SNO Limited (Registered number: 05995288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 170,000 -
Trade creditors 35,303 35,077
Taxation and social security 248,582 96,075
Other creditors 6,926 39,988
460,811 171,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 566,667 850,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1,250 Ordinary 1 1,250 1,250
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
1,550 1,550

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2021 (596,827 ) 69,750 (527,077 )
Deficit for the year (93,528 ) (93,528 )
At 31 March 2022 (690,355 ) 69,750 (620,605 )