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Company Registration No. 11378772 (England and Wales)
Snaseem Ltd Unaudited accounts for the year ended 31 May 2023
Snaseem Ltd Unaudited accounts Contents
Page
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Snaseem Ltd Company Information for the year ended 31 May 2023
Director
Waqar Ahemd
Company Number
11378772 (England and Wales)
Registered Office
1 Downshall Avenue Ilford Essex IG3 8NB
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Snaseem Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
120 
8,538 
Current assets
Inventories
5,435 
4,321 
Debtors
12,000 
24,626 
Cash at bank and in hand
69,057 
129,218 
86,492 
158,165 
Creditors: amounts falling due within one year
(117,944)
(145,791)
Net current (liabilities)/assets
(31,452)
12,374 
Net (liabilities)/assets
(31,332)
20,912 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,333)
20,911 
Shareholders' funds
(31,332)
20,912 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 30 September 2023 and were signed on its behalf by
Waqar Ahemd Director Company Registration No. 11378772
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Snaseem Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Snaseem Ltd is a private company, limited by shares, registered in England and Wales, registration number 11378772. The registered office is 1 Downshall Avenue, Ilford, Essex, IG3 8NB.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
16,164 
26,525 
3,229 
45,918 
Additions
- 
- 
158 
158 
At 31 May 2023
16,164 
26,525 
3,387 
46,076 
Depreciation
At 1 June 2022
12,932 
21,220 
3,228 
37,380 
Charge for the year
3,232 
5,304 
40 
8,576 
At 31 May 2023
16,164 
26,524 
3,268 
45,956 
Net book value
At 31 May 2023
- 
1 
119 
120 
At 31 May 2022
3,232 
5,305 
1 
8,538 
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Snaseem Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,996 
Accrued income and prepayments
5,000 
10,130 
Other debtors
7,000 
12,500 
12,000 
24,626 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,881 
39,788 
VAT
174 
22 
Trade creditors
8,490 
7,535 
Taxes and social security
14,704 
21,379 
Other creditors
2,068 
2,656 
Loans from directors
58,917 
66,586 
Accruals
4,710 
7,825 
117,944 
145,791 
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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