2022-12-01 2023-11-30 false Capium Accounts Production 1.1 11665357 bus:FullAccounts 2022-12-01 2023-11-30 11665357 bus:FRS102 2022-12-01 2023-11-30 11665357 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11665357 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11665357 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11665357 2022-12-01 2023-11-30 11665357 2023-11-30 11665357 bus:RegisteredOffice 2022-12-01 2023-11-30 11665357 core:WithinOneYear 2023-11-30 11665357 core:AfterOneYear 2023-11-30 11665357 bus:Director1 2022-12-01 2023-11-30 11665357 bus:Director1 2023-11-30 11665357 bus:Director1 2021-12-01 2022-11-30 11665357 bus:Director2 2022-12-01 2023-11-30 11665357 bus:Director2 2023-11-30 11665357 bus:Director2 2021-12-01 2022-11-30 11665357 2021-12-01 11665357 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 11665357 2021-12-01 2022-11-30 11665357 2022-11-30 11665357 core:WithinOneYear 2022-11-30 11665357 core:AfterOneYear 2022-11-30 11665357 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 11665357 core:FurnitureFittings 2022-12-01 2023-11-30 11665357 core:FurnitureFittings 2023-11-30 11665357 core:FurnitureFittings 2022-11-30 11665357 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 11665357 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 11665357 core:NetGoodwill 2022-12-01 2023-11-30 11665357 core:NetGoodwill 2023-11-30 11665357 core:NetGoodwill 2022-11-30 11665357 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 11665357 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 11665357 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 11665357 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 11665357 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 11665357 core:Non-currentFinancialInstruments 2023-11-30 11665357 core:Non-currentFinancialInstruments 2022-11-30 11665357 core:ShareCapital 2023-11-30 11665357 core:ShareCapital 2022-11-30 11665357 core:RetainedEarningsAccumulatedLosses 2023-11-30 11665357 core:RetainedEarningsAccumulatedLosses 2022-11-30 11665357 dpl:Item1 2022-12-01 11665357 dpl:Item1 2023-11-30 11665357 dpl:Item1 2021-12-01 11665357 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11665357
England and Wales

 

 

 

SNEM LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Mr Stelios Paphitis
Mrs Eugenia Phkhakadze
Registered Number 11665357
Registered Office 2 Johns Court
Blaby
Leicester
LE8 4DJ
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B153EZ
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 337,987    337,987 
Tangible fixed assets 4 15,706    19,632 
353,693    357,619 
Current assets      
Stocks 5 2,014    1,859 
Debtors 6   588 
Cash at bank and in hand 128,829    126,189 
130,843    128,636 
Creditors: amount falling due within one year 7 (265,027)   (166,425)
Net current assets (134,184)   (37,789)
 
Total assets less current liabilities 219,509    319,830 
Creditors: amount falling due after more than one year 8   (140,822)
Net assets 219,509    179,008 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 219,499    178,998 
Shareholders' funds 219,509    179,008 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 August 2024 and were signed on its behalf by:


-------------------------------
Mr Stelios Paphitis
Director
-------------------------------
Mrs Eugenia Phkhakadze
Director
2
General Information
Snem Limited is a private company, limited by shares, registered in England and Wales, registration number 11665357, registration address 2 Johns Court, Blaby, Leicester, LE8 4DJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 16 (2022 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2022 337,987    337,987 
Additions  
Disposals  
At 30 November 2023 337,987    337,987 
Amortisation
At 01 December 2022  
Charge for year  
On disposals  
At 30 November 2023  
Net book values
At 30 November 2023 337,987    337,987 
At 30 November 2022 337,987    337,987 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 December 2022 33,349    33,349 
Additions  
Disposals  
At 30 November 2023 33,349    33,349 
Depreciation
At 01 December 2022 13,717    13,717 
Charge for year 3,926    3,926 
On disposals  
At 30 November 2023 17,643    17,643 
Net book values
Closing balance as at 30 November 2023 15,706    15,706 
Opening balance as at 01 December 2022 19,632    19,632 


5.

Stocks

2023
£
  2022
£
Stocks 2,014    1,859 
2,014    1,859 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income   588 
  588 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 934    2,211 
Bank Loans & Overdrafts 113,934   
Corporation Tax 11,382    13,321 
PAYE & Social Security   270 
Accrued Expenses 1,095    360 
Directors' Current Accounts 116,011    130,332 
VAT 21,671    19,931 
265,027    166,425 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts   140,822 
  140,822 

3