Company Registration No. 04875070 (England and Wales)
SNSG Limited
Unaudited accounts
for the year ended 31 October 2023
SNSG Limited
Unaudited accounts
Contents
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
SNSG Limited
Statement of financial position
as at 31 October 2023
Tangible assets
170,961
235,418
Cash at bank and in hand
424,769
380,693
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
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
SNSG Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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 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.
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.
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.
SNSG Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Total
At 1 November 2022
361,865
At 31 October 2023
332,152
At 1 November 2022
126,447
Charge for the year
50,057
At 31 October 2023
161,191
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.
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).