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Company Registration No. 13489384 (England and Wales)
Snug Piercing Studio Ltd Unaudited accounts for the year ended 31 July 2023
Snug Piercing Studio Ltd Unaudited accounts Contents
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Snug Piercing Studio Ltd Company Information for the year ended 31 July 2023
Directors
Sarah Louise Murphy Luke Stephen Nesbitt
Company Number
13489384 (England and Wales)
Registered Office
17, Carisbrooke Road Newport Isle of Wight PO30 1BJ
Accountants
Martin Bridges & Co 39 High Street Shanklin Isle of Wight PO37 6JJ
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Snug Piercing Studio Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,404 
16,374 
Current assets
Debtors
- 
2,565 
Cash at bank and in hand
67,345 
41,966 
67,345 
44,531 
Creditors: amounts falling due within one year
(31,818)
(17,903)
Net current assets
35,527 
26,628 
Total assets less current liabilities
50,931 
43,002 
Provisions for liabilities
Deferred tax
(3,389)
(3,111)
Net assets
47,542 
39,891 
Capital and reserves
Profit and loss account
47,542 
39,891 
Shareholders' funds
47,542 
39,891 
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 8 April 2024 and were signed on its behalf by
Sarah Louise Murphy Director Company Registration No. 13489384
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Snug Piercing Studio Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Snug Piercing Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 13489384. The registered office is 17, Carisbrooke Road, Newport, Isle of Wight, PO30 1BJ.
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:
Fixtures & fittings
15 %
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
19,264 
Additions
1,748 
At 31 July 2023
21,012 
Depreciation
At 1 August 2022
2,890 
Charge for the year
2,718 
At 31 July 2023
5,608 
Net book value
At 31 July 2023
15,404 
At 31 July 2022
16,374 
5
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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