Registered number
SC231719
Snowie Heritage Bricks Limited
Filleted Accounts
31 March 2024
Snowie Heritage Bricks Limited SC231719
Registered number:
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 174,630 175,884
Current assets
Stocks 225,552 99,029
Debtors 4 257,382 192,240
Cash at bank and in hand 303,804 360,475
786,738 651,744
Creditors: amounts falling due within one year 5 (122,575) (50,553)
Net current assets 664,163 601,191
Net assets 838,793 777,075
Capital and reserves
Called up share capital 2 2
Profit and loss account 838,791 777,073
Shareholder's funds 838,793 777,075
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Heather Snowie
Director
Approved by the board on 3 December 2024
Snowie Heritage Bricks Limited
Notes to the Accounts
for the year ended 31 March 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).

These financial statements are the first financial statements that comply with FRS 102 1A. The date of transition is 1 April 2015. There are no changes to accounting policies to those used previously. Therefore, there has been no changes to opening reserves and comparative figures.
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:
Office equipment 25% reducing balance
Land and buildings not depreciated
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 3 3
3 Tangible fixed assets
Land and buildings Office equipment Total
£ £ £
Cost
At 1 April 2023 166,988 46,525 213,513
Additions - 1,294 1,294
At 31 March 2024 166,988 47,819 214,807
Depreciation
At 1 April 2023 - 37,629 37,629
Charge for the year - 2,548 2,548
At 31 March 2024 - 40,177 40,177
Net book value
At 31 March 2024 166,988 7,642 174,630
At 31 March 2023 166,988 8,896 175,884
4 Debtors 2024 2023
£ £
Trade debtors 204,157 159,740
Other debtors 53,225 32,500
257,382 192,240
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,167 34,167
Trade creditors 222,304 50,741
Director's loan account (149,756) (99,808)
Corporation tax 41,917 31,099
VAT (16,057) 34,354
122,575 50,553
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 34,167 34,167
A bounce back loan was acquired from Clydesdale Bank under the COVID-19 funding scheme. The loan is interest free until August 2021.
7 Share Capital Nominal 2017 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary Shares £1 each 2 2 2
8 Transactions with the directors
Loans to the director from the company are short term and interest free. Dividends totalling £19,000 (2023: £48,000) were paid to the director during the year.
9 Controlling party
The company is under the control of it's director, Heather Snowie, who also owns 100% of the share capital.
10 Other information
Snowie Heritage Bricks Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Shandwick
15 Bentinck Crescent
Troon
KA10 6JN
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