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REGISTERED NUMBER: NI646623 (Northern Ireland)











Snack Engineering Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






Snack Engineering Ltd (Registered number: NI646623)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Snack Engineering Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: T Campbell
Mrs L Campbell





REGISTERED OFFICE: 7 Kilty Hill
Banbridge
Co. Down
BT32 5EE





REGISTERED NUMBER: NI646623 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Snack Engineering Ltd

Report of the Accountants to the Directors of
Snack Engineering Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


16 January 2024

Snack Engineering Ltd (Registered number: NI646623)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85,000 102,000
Tangible assets 5 17,285 17,747
102,285 119,747

CURRENT ASSETS
Stocks 145,000 160,000
Debtors 6 644,527 845,237
Cash at bank 63,923 53,539
853,450 1,058,776
CREDITORS
Amounts falling due within one year 7 613,904 897,834
NET CURRENT ASSETS 239,546 160,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,831

280,689

PROVISIONS FOR LIABILITIES 3,284 3,372
NET ASSETS 338,547 277,317

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 338,545 277,315
SHAREHOLDERS' FUNDS 338,547 277,317

Snack Engineering Ltd (Registered number: NI646623)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by:




T Campbell - Director



Mrs L Campbell - Director


Snack Engineering Ltd (Registered number: NI646623)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Snack Engineering Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Snack Engineering Ltd (Registered number: NI646623)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 170,000
AMORTISATION
At 1 July 2022 68,000
Charge for year 17,000
At 30 June 2023 85,000
NET BOOK VALUE
At 30 June 2023 85,000
At 30 June 2022 102,000

Snack Engineering Ltd (Registered number: NI646623)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2022 17,763 11,630 29,393
Additions - 3,859 3,859
At 30 June 2023 17,763 15,489 33,252
DEPRECIATION
At 1 July 2022 6,971 4,675 11,646
Charge for year 2,158 2,163 4,321
At 30 June 2023 9,129 6,838 15,967
NET BOOK VALUE
At 30 June 2023 8,634 8,651 17,285
At 30 June 2022 10,792 6,955 17,747

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 401,141 681,463
Other debtors 243,386 163,774
644,527 845,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,631 5,059
Trade creditors 379,115 461,382
Taxation and social security 2,601 2,155
Other creditors 227,557 429,238
613,904 897,834