1 July 2023 v2024.64.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP062699412023-07-012024-06-30062699412024-06-30062699412023-06-3006269941core:WithinOneYear2024-06-3006269941core:WithinOneYear2023-06-3006269941core:AfterOneYear2024-06-3006269941core:AfterOneYear2023-06-3006269941core:ShareCapital2024-06-3006269941core:ShareCapital2023-06-3006269941core:RetainedEarningsAccumulatedLosses2024-06-3006269941core:RetainedEarningsAccumulatedLosses2023-06-3006269941bus:Director12023-07-012024-06-3006269941bus:RegisteredOffice2023-07-012024-06-3006269941core:PlantMachinery2023-07-012024-06-3006269941core:FurnitureFittingsToolsEquipment2023-07-012024-06-3006269941core:MotorVehicles2023-07-012024-06-30062699412022-07-012023-06-3006269941core:PlantMachinery2023-07-0106269941core:PlantMachinery2024-06-3006269941core:PlantMachinery2023-06-300626994112023-07-012024-06-3006269941countries:EnglandWales2023-07-012024-06-3006269941bus:AuditExemptWithAccountantsReport2023-07-012024-06-3006269941bus:PrivateLimitedCompanyLtd2023-07-012024-06-3006269941bus:SmallEntities2023-07-012024-06-3006269941bus:FullAccounts2023-07-012024-06-30
Company registration number:
06269941
Snigwig Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Snigwig Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,182
 
5
 
Current assets    
Stocks
467,670
 
483,432
 
Cash at bank and in hand
66,259
 
57,474
 
533,929
 
540,906
 
Creditors: amounts falling due within one year 6
(109,569
)
(100,337
)
Net current assets
424,360
 
440,569
 
Total assets less current liabilities 425,542   440,574  
Creditors: amounts falling due after more than one year 7
(9,167
)
(19,167
)
Net assets
416,375
 
421,407
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
416,275
 
421,307
 
Shareholders funds
416,375
 
421,407
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 November 2024
, and are signed on behalf of the board by:
K English
Director
Company registration number:
06269941
Snigwig Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
44 Kirkgate
,
Ripon
,
North Yorkshire
,
HG4 1PB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
33% straight line
Fixtures, fittings and equipment
33% straight line
Motor vehicles
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
15,501
 
Additions
1,774
 
At
30 June 2024
17,275
 
Depreciation  
At
1 July 2023
15,496
 
Charge
597
 
At
30 June 2024
16,093
 
Carrying amount  
At
30 June 2024
1,182
 
At 30 June 2023
5
 

6 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,000
 
10,000
 
Trade creditors
1,770
 
4,204
 
Taxation and social security
18,867
 
17,540
 
Other creditors
78,932
 
68,593
 
109,569
 
100,337
 

7 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
9,167
 
19,167