1 February 2022 false No description of principal activity Taxfiler 2023.9 12415906 business:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12415906 2022-01-31 12415906 2022-02-01 2023-01-31 12415906 business:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 12415906 business:FilletedAccounts 2022-02-01 2023-01-31 12415906 2023-01-31 12415906 business:Director1 2022-02-01 2023-01-31 12415906 business:Director2 2022-02-01 2023-01-31 12415906 business:RegisteredOffice 2022-02-01 2023-01-31 12415906 2022-01-31 12415906 core:WithinOneYear 2023-01-31 12415906 core:WithinOneYear 2022-01-31 12415906 core:ShareCapital core:PreviouslyStatedAmount 2023-01-31 12415906 core:ShareCapital core:PreviouslyStatedAmount 2022-01-31 12415906 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-01-31 12415906 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2022-01-31 12415906 core:PreviouslyStatedAmount 2023-01-31 12415906 core:PreviouslyStatedAmount 2022-01-31 12415906 business:SmallEntities 2022-02-01 2023-01-31 12415906 countries:EnglandWales 2022-02-01 2023-01-31 12415906 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12415906 (England and Wales)
Snug Bud UK Ltd Unaudited accounts for the year ended 31 January 2023
Snug Bud UK Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Snug Bud UK Ltd Company Information for the year ended 31 January 2023
Directors
John Carl Botha Stephen Laundy
Company Number
12415906 (England and Wales)
Registered Office
22 Glamis Street Bognor Regis PO21 1DQ West Sussex
Accountants
GYB Direct LTD 35 Norwich Street Fakenham Norfolk NR21 9AF
- 3 -
Snug Bud UK Ltd Accountants' report
Accountants' report to the board of directors of Snug Bud UK Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Snug Bud UK Ltd for the year ended 31 January 2023 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Snug Bud UK Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Snug Bud UK Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Snug Bud UK Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Snug Bud UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Snug Bud UK Ltd. You consider that Snug Bud UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Snug Bud UK Ltd. 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 accounts.
GYB Direct LTD 35 Norwich Street Fakenham Norfolk NR21 9AF 30 September 2023
- 4 -
Snug Bud UK Ltd Statement of financial position as at 31 January 2023
2023
2022
Notes
£
£
Current assets
Inventories
60,055
3,115
Debtors
4
620
1,587
Cash at bank and in hand
33,785
2,785
94,460
7,487
Creditors: amounts falling due within one year
5
(105,733)
(17,097)
Net current liabilities
(11,273)
(9,610)
Net liabilities
(11,273)
(9,610)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(11,373)
(9,710)
Shareholders' funds
(11,273)
(9,610)
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
John Carl Botha Director Company Registration No. 12415906
- 5 -
Snug Bud UK Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Snug Bud UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12415906. The registered office is 22 Glamis Street, Bognor Regis, PO21 1DQ, West Sussex.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023
2022
£
£
Amounts falling due within one year
VAT
-
1,214
Trade debtors
620
373
620
1,587
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,208
11,877
VAT
8,094
-
Trade creditors
86,241
3,830
Loans from directors
1,190
774
Accruals
-
616
105,733
17,097
6
Average number of employees
During the year the average number of employees was 0 (2022: 2).
- 6 -