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Company Registration No. 13696909 (England and Wales)
Snowdonia Industrial Training Ltd Unaudited accounts for the year ended 31 October 2023
Snowdonia Industrial Training Ltd Unaudited accounts Contents
Page
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Snowdonia Industrial Training Ltd Company Information for the year ended 31 October 2023
Director
Michael Hewitt
Company Number
13696909 (England and Wales)
Registered Office
12 Cae Gwigin Talybont Bangor Gwynedd LL57 3UY Wales
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Snowdonia Industrial Training Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,200 
10,200 
Tangible assets
10,641 
11,992 
20,841 
22,192 
Current assets
Debtors
1,040 
2,676 
Cash at bank and in hand
12,171 
7,753 
13,211 
10,429 
Creditors: amounts falling due within one year
(6,417)
(8,274)
Net current assets
6,794 
2,155 
Total assets less current liabilities
27,635 
24,347 
Creditors: amounts falling due after more than one year
(25,000)
(25,000)
Net assets/(liabilities)
2,635 
(653)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,634 
(654)
Shareholders' funds
2,635 
(653)
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 director acknowledges his 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 and authorised for issue on 22 July 2024 and were signed on its behalf by
Michael Hewitt Director Company Registration No. 13696909
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Snowdonia Industrial Training Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Snowdonia Industrial Training Ltd is a private company, limited by shares, registered in England and Wales, registration number 13696909. The registered office is 12 Cae Gwigin, Talybont, Bangor, Gwynedd, LL57 3UY, Wales.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. In the opinion of the director the intangible assets have retained there value in the year.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
10,200 
At 31 October 2023
10,200 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
10,200 
At 31 October 2022
10,200 
The intangible assets consist of a franchise purchased from Phoenix Industrial Training & Design Ltd.
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Snowdonia Industrial Training Ltd Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
15,990 
15,990 
Additions
1,938 
- 
1,938 
At 31 October 2023
1,938 
15,990 
17,928 
Depreciation
At 1 November 2022
- 
3,998 
3,998 
Charge for the year
291 
2,998 
3,289 
At 31 October 2023
291 
6,996 
7,287 
Net book value
At 31 October 2023
1,647 
8,994 
10,641 
At 31 October 2022
- 
11,992 
11,992 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,406 
Trade debtors
707 
270 
Accrued income and prepayments
333 
- 
1,040 
2,676 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
513 
362 
Trade creditors
207 
1,573 
Loans from directors
5,397 
6,063 
Accruals
300 
276 
6,417 
8,274 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
25,000 
25,000 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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