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Company Registration No. 11378772 (England and Wales)
Snaseem Ltd Unaudited accounts for the year ended 31 May 2024
Snaseem Ltd Unaudited accounts Contents
Page
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Snaseem Ltd Company Information for the year ended 31 May 2024
Director
Waqar Ahemd
Company Number
11378772 (England and Wales)
Registered Office
1 Downshall Avenue Ilford Essex IG3 8NB
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Snaseem Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
80 
120 
Current assets
Inventories
- 
5,435 
Debtors
12,000 
12,000 
Cash at bank and in hand
68,790 
69,057 
80,790 
86,492 
Creditors: amounts falling due within one year
(132,641)
(117,944)
Net current liabilities
(51,851)
(31,452)
Net liabilities
(51,771)
(31,332)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(51,772)
(31,333)
Shareholders' funds
(51,771)
(31,332)
For the year ending 31 May 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 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 4 August 2024 and were signed on its behalf by
Waqar Ahemd Director Company Registration No. 11378772
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Snaseem Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Snaseem Ltd is a private company, limited by shares, registered in England and Wales, registration number 11378772. The registered office is 1 Downshall Avenue, Ilford, Essex, IG3 8NB.
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
20%
Fixtures & fittings
20%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
16,164 
26,525 
3,387 
46,076 
At 31 May 2024
16,164 
26,525 
3,387 
46,076 
Depreciation
At 1 June 2023
16,164 
26,524 
3,268 
45,956 
Charge for the year
- 
- 
40 
40 
At 31 May 2024
16,164 
26,524 
3,308 
45,996 
Net book value
At 31 May 2024
- 
1 
79 
80 
At 31 May 2023
- 
1 
119 
120 
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Snaseem Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,000 
5,000 
Other debtors
7,000 
7,000 
12,000 
12,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,223 
28,881 
VAT
- 
174 
Trade creditors
24,756 
8,490 
Taxes and social security
20,767 
14,704 
Other creditors
1,978 
2,068 
Loans from directors
62,277 
58,917 
Accruals
4,640 
4,710 
132,641 
117,944 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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