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Company Registration No. 04875070 (England and Wales)
SNSG Limited Unaudited accounts for the year ended 31 October 2023
SNSG Limited Unaudited accounts Contents
Page
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SNSG Limited Company Information for the year ended 31 October 2023
Directors
Mr O Hanley Mrs E Hanley Mr M Green
Company Number
04875070 (England and Wales)
Registered Office
27 Kenyon Street Hockley Birmingham B18 6AR
Accountants
Add-itions Accountancy Solutions 321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT
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SNSG Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
170,961 
235,418 
Investments
1 
- 
170,962 
235,418 
Current assets
Debtors
536,046 
427,479 
Cash at bank and in hand
424,769 
380,693 
960,815 
808,172 
Creditors: amounts falling due within one year
(754,817)
(545,844)
Net current assets
205,998 
262,328 
Total assets less current liabilities
376,960 
497,746 
Creditors: amounts falling due after more than one year
(29,691)
(66,924)
Provisions for liabilities
Deferred tax
(30,303)
(27,897)
Net assets
316,966 
402,925 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
316,866 
402,825 
Shareholders' funds
316,966 
402,925 
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Mr O Hanley Director Company Registration No. 04875070
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SNSG Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SNSG Limited is a private company, limited by shares, registered in England and Wales, registration number 04875070. The registered office is 27 Kenyon Street, Hockley, Birmingham, B18 6AR.
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.
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:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SNSG Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
361,865 
Additions
5,287 
Disposals
(35,000)
At 31 October 2023
332,152 
Depreciation
At 1 November 2022
126,447 
Charge for the year
50,057 
On disposals
(15,313)
At 31 October 2023
161,191 
Net book value
At 31 October 2023
170,961 
At 31 October 2022
235,418 
5
Transactions with related parties
During the year, total dividends of £53,580 (2022 - £45,580) were paid to the directors.
6
Controlling party
The ultimate controlling party is Mr O Hanley.
7
Average number of employees
During the year the average number of employees was 287 (2022: 176).
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