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REGISTERED NUMBER: 03101587 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

K M Snowdon Building and Joinery Limited

K M Snowdon Building and Joinery Limited (Registered number: 03101587)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


K M Snowdon Building and Joinery Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: K M Snowdon





SECRETARY: J C Bowman





REGISTERED OFFICE: 6 Back North Bridge Street
Monkwearmouth
Sunderland
Tyne & Wear
SR5 1BU





REGISTERED NUMBER: 03101587 (England and Wales)





ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

K M Snowdon Building and Joinery Limited (Registered number: 03101587)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 750 1,500
Tangible assets 5 16,443 17,679
17,193 19,179

CURRENT ASSETS
Stocks 2,000 1,000
Debtors 6 63,120 53,548
Cash at bank and in hand 120,795 153,594
185,915 208,142
CREDITORS
Amounts falling due within one year 7 20,120 51,764
NET CURRENT ASSETS 165,795 156,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,988

175,557

PROVISIONS FOR LIABILITIES 2,169 2,177
NET ASSETS 180,819 173,380

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,719 173,280
SHAREHOLDERS' FUNDS 180,819 173,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

K M Snowdon Building and Joinery Limited (Registered number: 03101587)

Statement of Financial Position - continued
30 November 2023


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





K M Snowdon - Director


K M Snowdon Building and Joinery Limited (Registered number: 03101587)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

K M Snowdon Building and Joinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents net invoiced sales of goods and services , excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


K M Snowdon Building and Joinery Limited (Registered number: 03101587)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 15,000
AMORTISATION
At 1 December 2022 13,500
Charge for year 750
At 30 November 2023 14,250
NET BOOK VALUE
At 30 November 2023 750
At 30 November 2022 1,500

K M Snowdon Building and Joinery Limited (Registered number: 03101587)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 63,694
Additions 3,035
At 30 November 2023 66,729
DEPRECIATION
At 1 December 2022 46,015
Charge for year 4,271
At 30 November 2023 50,286
NET BOOK VALUE
At 30 November 2023 16,443
At 30 November 2022 17,679

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,958 30,365
Other debtors 3,162 23,183
63,120 53,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,263 3,880
Taxation and social security 12,387 18,929
Other creditors 4,470 28,955
20,120 51,764

8. ULTIMATE CONTROLLING PARTY

The controlling party is K M Snowdon.