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Registered number: 08860271

Snug & Chill Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Snug & Chill Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Levi de Groen
SECRETARY
Goldi de Groen
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08860271
BANKERS
Starling
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Snug & Chill Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Snug & Chill Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets250,57342,035
CURRENT ASSETS
Stock25,105-
Debtors492,15274,821
Cash at bank and in hand11,30936,005
128,566110,826
CREDITORS: Amounts falling due within one year547,88626,838
NET CURRENT ASSETS80,68083,988
TOTAL ASSETS LESS CURRENT LIABILITIES131,253126,023
CREDITORS: Amounts falling due after more than one year654,90669,249
NET ASSETS76,34756,774
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account76,24756,674
SHAREHOLDERS' FUNDS76,34756,774
For the year ending 31/01/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/10/2024 and signed on their behalf by
.............................
Levi de Groen
Director

Snug & Chill Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Snug & Chill Limited

2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/02/202345,95049,34495,294
Additions-24,72924,729
At 31/01/202445,95074,073120,023
Depreciation
At 01/02/202318,36134,89853,259
For the year6,8979,29416,191
At 31/01/202425,25844,19269,450
Net Book Amounts
At 31/01/202420,69229,88150,573
At 31/01/202327,58914,44642,035
3. STOCK 20242023
££
Stock comprises:
Stock25,105-
25,105-
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors38,33040,954
Other debtors-124
Prepayments53,82233,743
92,15274,821

Snug & Chill Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,129-
VAT4,9052,423
PAYE control10,8494,591
Bank Loan6,400-
Hire purchase6,3475,818
Trade creditors10,5214,685
Other creditors5,9358,121
Accruals1,8001,200
47,88626,838
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr35,33643,333
Hire purchase >1yr19,57025,916
54,90669,249
7. EMPLOYEES
20242023
No.No.
Average number of employees64
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

Snug & Chill Limited

9. CONTROLLING PARTY
The company is controlled by L de Groen, the director, by virtue of the fact that he holds 100% of the company's issued and voting share capital.
10. RELATED PARTY TRANSACTIONS
During the year, certain amounts were advance to the company by L De Groen, the director. The loan is interest free and repayable on demand. At the year end, the balance due to the director totalled £335 (2023: £8,022).