1 April 2022 false Taxfiler 2023.9.1 SC656613business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC6566132022-03-31 SC6566132022-04-012023-03-31 SC656613business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC656613business:FilletedAccounts2022-04-012023-03-31 SC6566132023-03-31 SC656613business:Director12022-04-012023-03-31 SC656613business:RegisteredOffice2022-04-012023-03-31 SC6566132022-03-31 SC656613core:WithinOneYear2023-03-31 SC656613core:WithinOneYear2022-03-31 SC656613core:AfterOneYear2023-03-31 SC656613core:AfterOneYear2022-03-31 SC656613core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC656613core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC656613core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC656613core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC656613core:PreviouslyStatedAmount2023-03-31 SC656613core:PreviouslyStatedAmount2022-03-31 SC656613business:SmallEntities2022-04-012023-03-31 SC656613countries:Scotland2022-04-012023-03-31 SC656613core:MotorVehicles2022-04-012023-03-31 SC656613core:MotorVehicles2022-03-31 SC656613core:MotorVehicles2023-03-31 SC6566132021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC656613 (Scotland)
SNEDDON D LIMITED Unaudited accounts for the year ended 31 March 2023
SNEDDON D LIMITED Unaudited accounts Contents
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SNEDDON D LIMITED Company Information for the year ended 31 March 2023
Director
David Sneddon
Company Number
SC656613 (Scotland)
Registered Office
6 BARLAE AVENUE EAGLESHAM GLASGOW G76 0DA SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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SNEDDON D LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,602 
55,469 
Current assets
Inventories
61,607 
106,653 
Debtors
55,120 
72,504 
Cash at bank and in hand
9,802 
22,805 
126,529 
201,962 
Creditors: amounts falling due within one year
(26,363)
(45,307)
Net current assets
100,166 
156,655 
Total assets less current liabilities
141,768 
212,124 
Creditors: amounts falling due after more than one year
(87,033)
(103,388)
Net assets
54,735 
108,736 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
54,734 
108,735 
Shareholders' funds
54,735 
108,736 
For the year ending 31 March 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 11 September 2023 and were signed on its behalf by
David Sneddon Director Company Registration No. SC656613
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SNEDDON D LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
SNEDDON D LIMITED is a private company, limited by shares, registered in Scotland, registration number SC656613. The registered office is 6 BARLAE AVENUE, EAGLESHAM, GLASGOW, G76 0DA, SCOTLAND.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
88,751 
At 31 March 2023
88,751 
Depreciation
At 1 April 2022
33,282 
Charge for the year
13,867 
At 31 March 2023
47,149 
Net book value
At 31 March 2023
41,602 
At 31 March 2022
55,469 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,120 
71,350 
Other debtors
- 
1,154 
55,120 
72,504 
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SNEDDON D LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,330 
1,792 
Trade creditors
10,085 
19,042 
Taxes and social security
4,895 
17,320 
Other creditors
5,905 
5,905 
Loans from directors
188 
288 
Accruals
960 
960 
26,363 
45,307 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,012 
35,688 
Obligations under finance leases and hire purchase contracts
55,021 
67,700 
87,033 
103,388 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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