SNA COMMODITIES LIMITED

Company Registration Number:
07451256 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SNA COMMODITIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SNA COMMODITIES LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,311 3,467
Total fixed assets: 2,311 3,467
Current assets
Debtors:   182,097 102,529
Cash at bank and in hand: 22,838 141,578
Total current assets: 204,935 244,107
Creditors: amounts falling due within one year: 4 (381,644) (339,050)
Net current assets (liabilities): (176,709) (94,943)
Total assets less current liabilities: (174,398) (91,476)
Total net assets (liabilities): (174,398) (91,476)
Capital and reserves
Called up share capital: 200 200
Profit and loss account: (174,598) (91,676)
Shareholders funds: (174,398) (91,476)

The notes form part of these financial statements

SNA COMMODITIES LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2024
and signed on behalf of the board by:

Name: N K ASHOKA
Status: Director

The notes form part of these financial statements

SNA COMMODITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value net of value added tax and discounts, of goods provided to customers and any related services up to the balance sheet date.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Office Equipment - 33.3% reducing instalments basisMotor Bike - 33.3% reducing instalments basisTangible fixed assets are stated at cost less accumulated depreciation.

Valuation and information policy

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's Accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.Foreign Currencies:Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.Interest on Borrowings:Interest is charged to the profit and loss account where appropriate, over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.Going Concern:The Accounts have been prepared on the assumption that the Company is able to carry on business as a going concern ,which the Directors consider appropriate having regard to all the circumstances.

SNA COMMODITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

SNA COMMODITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 16,240
At 30 November 2023 16,240
Depreciation
At 01 December 2022 12,773
Charge for year 1,156
At 30 November 2023 13,929
Net book value
At 30 November 2023 2,311
At 30 November 2022 3,467

SNA COMMODITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

There are no secured creditors.