Company registration number: 12568617
Unaudited financial statements
for the year ended 30 April 2024
for
Snackcess Ltd
Pages for filing with the Registrar
Company registration number: 12568617
Snackcess Ltd
Balance sheet
as at 30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 3,458 3,265
3,458 3,265
Current assets
Stocks 124,019 123,878
Debtors 10,550 35,824
Cash at bank and in hand 177,180 255,104
311,749 414,806
Creditors: amounts falling due within
one year
(129,721) (88,696)
Net current assets 182,028 326,110
Total assets less current liabilities 185,486 329,375
NET ASSETS 185,486 329,375
Capital and reserves
Called up share capital 374 372
Share premium account 922,884 922,884
Other reserves 110,000 -
Profit and loss account (847,772) (593,881)
TOTAL EQUITY 185,486 329,375
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12568617
Snackcess Ltd
Balance sheet - continued
as at 30 April 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 January 2025 and signed on its behalf by:
Mr S Drinkwater, Director
29 January 2025
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Snackcess Ltd
Notes to the financial statements
for the year ended 30 April 2024
1 Company information
Snackcess Ltd is a private company registered in England and Wales. Its registered number is 12568617. The company is limited by shares. Its registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Computer Equipment:
Computer equipment - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Government grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.
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Snackcess Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2023 - 5).
4 Tangible fixed assets
Computer
Equipment
£
Cost
At 1 May 2023 4,981
Additions 958
At 30 April 2024 5,939
Depreciation
At 1 May 2023 1,716
Charge for year 765
At 30 April 2024 2,481
Net book value
At 30 April 2024 3,458
At 30 April 2023 3,265
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