SNOWHILL FINANCIAL MANAGEMENT LTD

Company Registration Number:
SC377180 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

SNOWHILL FINANCIAL MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SNOWHILL FINANCIAL MANAGEMENT LTD

Company Information

for the Period Ended 31 August 2024




Director: Alistair Sloan
Secretary: Ruth Sloan
Registered office: Snowhill
21 Belleisle Drive
Ayr
KA7 4BN
Company Registration Number: SC377180 (Scotland)

SNOWHILL FINANCIAL MANAGEMENT LTD

Directors' Report Period Ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal Activities

Provision of Financial Management Services

Directors

The directors shown below have held office during the whole of the period from 01 September 2023 to 31 August 2024
Alistair Sloan

Secretary
Ruth Sloan

This report was approved by the board of directors on 4 September 2024
And Signed On Behalf Of The Board By:

Name: Alistair Sloan
Status: Director

SNOWHILL FINANCIAL MANAGEMENT LTD

Profit and Loss Account

for the Period Ended 31 August 2024


Notes

2024
£

2023
£
Turnover 151,417 136,000
Cost of sales ( 85,917 ) ( 69,000 )
Gross Profit or (Loss) 65,500 67,000
Administrative Expenses ( 20,506 ) ( 17,202 )
Operating Profit or (Loss) 44,994 49,798
Interest Receivable and Similar Income 39 23
Profit or (Loss) Before Tax 45,033 49,821
Tax on Profit ( 8,556 ) ( 9,494 )
Profit or (Loss) for Period 36,477 40,327

The notes form part of these financial statements

SNOWHILL FINANCIAL MANAGEMENT LTD

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 1,109 0
Cash at bank and in hand: 29,537 27,976
Total current assets: 30,646 27,976
Creditors: amounts falling due within one year: 5 ( 22,054 ) ( 20,361 )
Net current assets (liabilities): 8,592 7,615
Total assets less current liabilities: 8,592 7,615
Total net assets (liabilities): 8,592 7,615

The notes form part of these financial statements

SNOWHILL FINANCIAL MANAGEMENT LTD

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 8,492 7,515
Shareholders funds: 8,592 7,615

For the year ending 31 August 2024 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.

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

This report was approved by the board of directors on 4 September 2024
And Signed On Behalf Of The Board By:

Name: Alistair Sloan
Status: Director

The notes form part of these financial statements

SNOWHILL FINANCIAL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

SNOWHILL FINANCIAL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

SNOWHILL FINANCIAL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

SNOWHILL FINANCIAL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors


2024
£

2023
£
Other debtors 1,109 0
Total 1,109 0

SNOWHILL FINANCIAL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 17,304 17,111
Accruals and deferred income 4,750 3,250
Total 22,054 20,361