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REGISTERED NUMBER: 04620222 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Snowcap Bangles Limited

Snowcap Bangles Limited (Registered number: 04620222)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Snowcap Bangles Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Gordon Michael Bishop
Abigail Victoria Stone-Houghton
Oliver Matthew Stone-Houghton





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 04620222 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Snowcap Bangles Limited (Registered number: 04620222)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,325
Tangible assets 5 502 837
502 2,162

CURRENT ASSETS
Stocks 140,087 153,161
Debtors 6 1,988 2,002
Cash at bank 424 48,854
142,499 204,017
CREDITORS
Amounts falling due within one year 7 131,670 193,187
NET CURRENT ASSETS 10,829 10,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,331

12,992

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 11,329 12,990
SHAREHOLDERS' FUNDS 11,331 12,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Snowcap Bangles Limited (Registered number: 04620222)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Gordon Michael Bishop - Director Abigail Victoria Stone-Houghton - Director




Oliver Matthew Stone-Houghton - Director


Snowcap Bangles Limited (Registered number: 04620222)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Snowcap Bangles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.
Fixtures and fittings - 25% on 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.

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 balance sheet date.


Snowcap Bangles Limited (Registered number: 04620222)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 26,500
AMORTISATION
At 1 January 2023 25,175
Charge for year 1,325
At 31 December 2023 26,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,325

Snowcap Bangles Limited (Registered number: 04620222)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 3,274 1,214 4,488
Disposals - (399 ) (399 )
At 31 December 2023 3,274 815 4,089
DEPRECIATION
At 1 January 2023 3,216 435 3,651
Charge for year 14 153 167
Eliminated on disposal - (231 ) (231 )
At 31 December 2023 3,230 357 3,587
NET BOOK VALUE
At 31 December 2023 44 458 502
At 31 December 2022 58 779 837

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,441 1,441
VAT 3 -
Prepayments 544 561
1,988 2,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT - 2,777
Other creditors 130,672 189,337
Accrued expenses 998 1,073
131,670 193,187

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

Snowcap Bangles Limited (Registered number: 04620222)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Christopher Malcolm Stone Houghton and Ruth Ann Stone Houghton
Balance outstanding at start of year - (187,410 )
Amounts advanced - 187,410
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Included in creditors is an amount due to director of £- (2022 - £187,410). This loan is interest free, undated , unsecured and repayable on demand.



10. RELATED PARTY DISCLOSURES

The controlling party and the ultimate controlling party are not known.

No one has a controlling interest in the company.