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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
Page
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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
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Sneyd's Wonderfeeds Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,400 
2,800 
Tangible assets
646,523 
266,435 
647,923 
269,235 
Current assets
Inventories
120,000 
70,445 
Debtors
125,091 
109,464 
Cash at bank and in hand
3,877 
36,610 
248,968 
216,519 
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)
Capital and reserves
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
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Sneyd's Wonderfeeds Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
Turnover
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
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
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Sneyd's Wonderfeeds Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
28,000 
At 31 March 2024
28,000 
Amortisation
At 1 April 2023
25,200 
Charge for the year
1,400 
At 31 March 2024
26,600 
Net book value
At 31 March 2024
1,400 
At 31 March 2023
2,800 
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 
Depreciation
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 
Net book value
At 31 March 2024
624,000 
13,726 
8,797 
646,523 
At 31 March 2023
236,404 
18,302 
11,729 
266,435 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
119,159 
71,594 
Other debtors
5,932 
37,870 
125,091 
109,464 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
76,164 
80,675 
VAT
1,286 
- 
Trade creditors
127,410 
183,308 
Taxes and social security
24,991 
10,465 
Other creditors
5,726 
528 
235,577 
274,976 
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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).
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