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REGISTERED NUMBER: 10739519 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 March 2024

for

Snap Engineering Solutions Ltd

Snap Engineering Solutions Ltd (Registered number: 10739519)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Snap Engineering Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S D Nash





REGISTERED OFFICE: The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





REGISTERED NUMBER: 10739519 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Snap Engineering Solutions Ltd (Registered number: 10739519)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,821 14,428

CURRENT ASSETS
Stocks 25,737 1,734
Debtors 5 40,589 29,489
Cash at bank 51,547 91,858
117,873 123,081
CREDITORS
Amounts falling due within one year 6 37,771 31,765
NET CURRENT ASSETS 80,102 91,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,923

105,744

CREDITORS
Amounts falling due after more than one year 7 (3,602 ) (8,301 )

PROVISIONS FOR LIABILITIES (2,056 ) (2,741 )
NET ASSETS 85,265 94,702

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 85,263 94,700
SHAREHOLDERS' FUNDS 85,265 94,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Snap Engineering Solutions Ltd (Registered number: 10739519)

Balance Sheet - continued
31 March 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 director and authorised for issue on 13 August 2024 and were signed by:





S D Nash - Director


Snap Engineering Solutions Ltd (Registered number: 10739519)

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

1. STATUTORY INFORMATION

Snap Engineering Solutions 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Snap Engineering Solutions Ltd (Registered number: 10739519)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 11,655 28,697 3,856 44,208
DEPRECIATION
At 1 April 2023 8,889 18,198 2,693 29,780
Charge for year 692 2,624 291 3,607
At 31 March 2024 9,581 20,822 2,984 33,387
NET BOOK VALUE
At 31 March 2024 2,074 7,875 872 10,821
At 31 March 2023 2,766 10,499 1,163 14,428

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 8,707
DEPRECIATION
At 1 April 2023 6,641
Charge for year 516
At 31 March 2024 7,157
NET BOOK VALUE
At 31 March 2024 1,550
At 31 March 2023 2,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,589 29,489

Snap Engineering Solutions Ltd (Registered number: 10739519)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,800 4,800
Hire purchase contracts - 735
Taxation and social security 30,690 23,744
Other creditors 2,281 2,486
37,771 31,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 8,301
Other creditors 3,602 -
3,602 8,301

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2