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REGISTERED NUMBER: 11756677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Snow & Sons Electrical Ltd

Snow & Sons Electrical Ltd (Registered number: 11756677)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Snow & Sons Electrical Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K A Snow
T Snow





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 11756677 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Snow & Sons Electrical Ltd (Registered number: 11756677)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,250 18,537

CURRENT ASSETS
Stocks 23,674 34,162
Debtors 5 176,497 107,122
Cash at bank - 1
200,171 141,285
CREDITORS
Amounts falling due within one year 6 157,361 96,598
NET CURRENT ASSETS 42,810 44,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,060

63,224

CREDITORS
Amounts falling due after more than one
year

7

(31,236

)

(37,710

)

PROVISIONS FOR LIABILITIES (3,115 ) (1,625 )
NET ASSETS 26,709 23,889

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,609 23,789
SHAREHOLDERS' FUNDS 26,709 23,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Snow & Sons Electrical Ltd (Registered number: 11756677)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:




K A Snow - Director



T Snow - Director


Snow & Sons Electrical Ltd (Registered number: 11756677)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Snow & Sons Electrical Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Snow & Sons Electrical Ltd (Registered number: 11756677)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 35,756
Additions 5,351
At 31 January 2024 41,107
DEPRECIATION
At 1 February 2023 17,219
Charge for year 5,638
At 31 January 2024 22,857
NET BOOK VALUE
At 31 January 2024 18,250
At 31 January 2023 18,537

Snow & Sons Electrical Ltd (Registered number: 11756677)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 22,985
Transfer to ownership (8,990 )
At 31 January 2024 13,995
DEPRECIATION
At 1 February 2023 6,146
Charge for year 2,624
Transfer to ownership (2,647 )
At 31 January 2024 6,123
NET BOOK VALUE
At 31 January 2024 7,872
At 31 January 2023 16,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,654 25,983
Other debtors 97,843 81,139
176,497 107,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,595 9,678
Hire purchase contracts 2,500 2,500
Trade creditors 45,752 16,795
Taxation and social security 54,396 39,160
Other creditors 39,118 28,465
157,361 96,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,486 31,460
Hire purchase contracts 3,750 6,250
31,236 37,710

Snow & Sons Electrical Ltd (Registered number: 11756677)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,590 15,564

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
K A Snow
Balance outstanding at start of year 37,664 26,529
Amounts advanced 64,975 65,273
Amounts repaid (60,857 ) (54,138 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,782 37,664

T Snow
Balance outstanding at start of year 37,664 32,753
Amounts advanced 62,400 62,589
Amounts repaid (58,282 ) (57,678 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,782 37,664