Company Registration No. 05083534 (England and Wales)
Sneyd's Wonderfeeds Ltd
Unaudited accounts
for the year ended 31 March 2024
Sneyd's Wonderfeeds Ltd
Unaudited accounts
Contents
Sneyd's Wonderfeeds Ltd
Company Information
for the year ended 31 March 2024
Directors
Mrs Hayley Judson
Mrs Jean Sneyd
Mr Ryan Thomas Lee Sinclair
Robyn Aimee Sinclair
Company Number
05083534 (England and Wales)
Registered Office
11 Hebden Road
Scunthorpe
DN15 8DT
England
Sneyd's Wonderfeeds Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
1,400
2,800
Tangible assets
646,523
266,435
Inventories
120,000
70,445
Cash at bank and in hand
3,877
36,610
Creditors: amounts falling due within one year
(235,577)
(274,976)
Net current assets/(liabilities)
13,391
(58,457)
Total assets less current liabilities
661,314
210,778
Creditors: amounts falling due after more than one year
(279,939)
(307,974)
Net assets/(liabilities)
381,375
(97,196)
Called up share capital
100
100
Revaluation reserve
413,596
-
Profit and loss account
(32,321)
(97,296)
Shareholders' funds
381,375
(97,196)
For the year ending 31 March 2024 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 19 April 2024 and were signed on its behalf by
Mr Ryan Thomas Lee Sinclair
Director
Company Registration No. 05083534
Sneyd's Wonderfeeds Ltd
Notes to the Accounts
for the year ended 31 March 2024
Sneyd's Wonderfeeds Ltd is a private company, limited by shares, registered in England and Wales, registration number 05083534. The registered office is 11 Hebden Road, Scunthorpe, DN15 8DT, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.
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:
Land & buildings
4% on cost
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Sneyd's Wonderfeeds Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
508,661
326,452
22,298
857,411
Additions
413,596
-
-
413,596
At 31 March 2024
922,257
326,452
22,298
1,271,007
At 1 April 2023
272,257
308,150
10,569
590,976
Charge for the year
26,000
4,576
2,932
33,508
At 31 March 2024
298,257
312,726
13,501
624,484
At 31 March 2024
624,000
13,726
8,797
646,523
At 31 March 2023
236,404
18,302
11,729
266,435
Amounts falling due within one year
Trade debtors
119,159
71,594
Other debtors
5,932
37,870
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
76,164
80,675
Trade creditors
127,410
183,308
Taxes and social security
24,991
10,465
Sneyd's Wonderfeeds Ltd
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
279,939
307,974
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).