Registered number
03694055
S N C Installations Limited
Accounts
31 January 2024
S N C Installations Limited
Registered number: 03694055
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 155,904 162,098
Current assets
Debtors 4 280,576 406,402
Cash at bank and in hand 796,674 753,804
1,077,250 1,160,206
Creditors: amounts falling due within one year 5 (599,482) (753,412)
Net current assets 477,768 406,794
Total assets less current liabilities 633,672 568,892
Provisions for liabilities (13,799) (13,896)
Net assets 619,873 554,996
Capital and reserves
Called up share capital 110 110
Profit and loss account 619,763 554,886
Shareholders' funds 619,873 554,996
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S N Conduct
Director
Approved by the board on 14 October 2024
S N C Installations Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc. 25% reducing balance and 33% on cost
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 9
including directors
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 103,762 268,095 371,857
Additions 924 60,500 61,424
Disposals - (36,991) (36,991)
At 31 January 2024 104,686 291,604 396,290
Depreciation
At 1 February 2023 83,216 126,543 209,759
Charge for the year 5,401 46,612 52,013
On disposals - (21,386) (21,386)
At 31 January 2024 88,617 151,769 240,386
Net book value
At 31 January 2024 16,069 139,835 155,904
At 31 January 2023 20,546 141,552 162,098
4 Debtors 2024 2023
£ £
Trade debtors 265,992 398,254
Other debtors 14,584 8,148
280,576 406,402
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 340,543 525,802
Taxation and social security costs 254,676 222,702
Other creditors 4,263 4,908
599,482 753,412
6 Other information
S N C Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Park Lane Cottage
Botley Road
Southampton
Hampshire
SO32 1DR
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