Company Registration No. 08122693 (England and Wales)
Snap Out Limited
Unaudited accounts
for the year ended 30 June 2023
Snap Out Limited
Unaudited accounts
Contents
Snap Out Limited
Company Information
for the year ended 30 June 2023
Directors
Dr Aaron Mason
Mr Daniel Grant-Brown
Company Number
08122693 (England and Wales)
Registered Office
SBARC/SPARK
MAINDY ROAD
CARDIFF
CF24 4HQ
WALES
Accountants
Accounting Wise Ltd
3 The Carriages
Station Road
Ware
Hertfordshire
SG129PL
Snap Out Limited
Statement of financial position
as at 30 June 2023
Intangible assets
180,773
222,843
Cash at bank and in hand
458
143
Creditors: amounts falling due within one year
1,572
(1,672)
Net current assets
108,285
103,476
Total assets less current liabilities
289,058
326,319
Creditors: amounts falling due after more than one year
(67,704)
(76,043)
Net assets
221,354
250,276
Called up share capital
100
100
Profit and loss account
221,254
250,176
Shareholders' funds
221,354
250,276
For the year ending 30 June 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 31 October 2023 and were signed on its behalf by
Dr Aaron Mason
Director
Company Registration No. 08122693
Snap Out Limited
Notes to the Accounts
for the year ended 30 June 2023
Snap Out Limited is a private company, limited by shares, registered in England and Wales, registration number 08122693. The registered office is SBARC/SPARK, MAINDY ROAD, CARDIFF, CF24 4HQ, WALES.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33% On Cost
These are Development Costs which are amortized over 10 years
4
Intangible fixed assets
Other
Charge for the year
42,070
Snap Out Limited
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
97,600
103,000
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,129
-
Taxes and social security
(8,655)
172
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
30,963
29,763
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).