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REGISTERED NUMBER: 08075707 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

SNS Business Limited

SNS Business Limited (Registered number: 08075707)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNS Business Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Kalyanasundaram
S R Urs





REGISTERED OFFICE: Unit 2 First Street
Isbella Bank Street
Manchester
Cheshire
M15 4RL





REGISTERED NUMBER: 08075707 (England and Wales)





ACCOUNTANTS: HR Accountants
149 Spon Lane
West Bromwich
West Midlands
B70 6AS

SNS Business Limited (Registered number: 08075707)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 295,759

CURRENT ASSETS
Stocks 4,140
Debtors 5 295,110
Cash at bank and in hand 118,699
417,949
CREDITORS
Amounts falling due within one year 6 395,997
NET CURRENT ASSETS 21,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,711

CREDITORS
Amounts falling due after more than one
year

7

39,414
NET ASSETS 278,297

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 9 278,197
SHAREHOLDERS' FUNDS 278,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SNS Business Limited (Registered number: 08075707)

Balance Sheet - continued
31 May 2023


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 6 February 2024 and were signed on its behalf by:





S Kalyanasundaram - Director


SNS Business Limited (Registered number: 08075707)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

SNS Business Limited is a private company, limited by shares , registered in England and Wales. 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.

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 etc - 20% on cost and 10% 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.

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.

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 40 .

SNS Business Limited (Registered number: 08075707)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 14,017 265,938 279,955
Additions 28,427 17,744 46,171
At 31 May 2023 42,444 283,682 326,126
DEPRECIATION
Charge for year 3,424 26,943 30,367
At 31 May 2023 3,424 26,943 30,367
NET BOOK VALUE
At 31 May 2023 39,020 256,739 295,759
At 31 May 2022 14,017 265,938 279,955

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 295,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 8) 17,920
Trade creditors 21,998
Taxation and social security 193,230
Other creditors 162,849
395,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 8) 39,414

8. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 17,920

Amounts falling due between two and five years:
Bank loans - 2-5 years 39,414

SNS Business Limited (Registered number: 08075707)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. RESERVES
Retained
earnings
£   

At 1 June 2022 154,354
Profit for the year 152,443
Dividends (28,600 )
At 31 May 2023 278,197