IRIS Accounts Production v24.3.2.46 07486556 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074865562023-04-30074865562024-04-30074865562023-05-012024-04-30074865562022-04-30074865562022-05-012023-04-30074865562023-04-3007486556ns15:EnglandWales2023-05-012024-04-3007486556ns14:PoundSterling2023-05-012024-04-3007486556ns10:Director12023-05-012024-04-3007486556ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007486556ns10:SmallEntities2023-05-012024-04-3007486556ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007486556ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007486556ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007486556ns10:FullAccounts2023-05-012024-04-3007486556ns10:Director22023-05-012024-04-3007486556ns10:Director32023-05-012024-04-3007486556ns10:Director42023-05-012024-04-3007486556ns10:RegisteredOffice2023-05-012024-04-3007486556ns5:CurrentFinancialInstruments2024-04-3007486556ns5:CurrentFinancialInstruments2023-04-3007486556ns5:ShareCapital2024-04-3007486556ns5:ShareCapital2023-04-3007486556ns5:RetainedEarningsAccumulatedLosses2024-04-3007486556ns5:RetainedEarningsAccumulatedLosses2023-04-3007486556ns5:PlantMachinery2023-05-012024-04-3007486556ns5:PlantMachinery2023-04-3007486556ns5:PlantMachinery2024-04-3007486556ns5:PlantMachinery2023-04-3007486556ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3007486556ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 07486556 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Snug Interiors Limited

Snug Interiors Limited (Registered number: 07486556)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Snug Interiors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N Smith
Mrs C Symondson
Mrs S J Smith
S Smith





REGISTERED OFFICE: London Road
Rake
Nr. Petersfield
Hampshire
GU33 7PQ





REGISTERED NUMBER: 07486556 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Snug Interiors Limited (Registered number: 07486556)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,408 7,329

CURRENT ASSETS
Stocks 51,584 38,466
Debtors 5 367 418
Cash at bank and in hand 136,546 176,025
188,497 214,909
CREDITORS
Amounts falling due within one year 6 168,124 157,583
NET CURRENT ASSETS 20,373 57,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,781

64,655

PROVISIONS FOR LIABILITIES 837 1,392
NET ASSETS 23,944 63,263

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 23,744 63,063
SHAREHOLDERS' FUNDS 23,944 63,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Snug Interiors Limited (Registered number: 07486556)

Balance Sheet - continued
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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mrs C Symondson - Director


Snug Interiors Limited (Registered number: 07486556)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Snug Interiors Limited 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 4 (2023 - 4 ) .

Snug Interiors Limited (Registered number: 07486556)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 52,516
DEPRECIATION
At 1 May 2023 45,187
Charge for year 2,921
At 30 April 2024 48,108
NET BOOK VALUE
At 30 April 2024 4,408
At 30 April 2023 7,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228 275
Other debtors 139 143
367 418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 115,989 84,033
Taxation and social security 18,426 18,447
Other creditors 33,709 55,103
168,124 157,583

7. RELATED PARTY DISCLOSURES

The company was charged £28,200 (2023: £28,200) for rent of the showroom for the year ended 30 April 2023 by S & S Marden. S & S Marden is a business owned by Mr & Mrs S Smith directors and shareholders of the company.