REGISTERED NUMBER: 07486556 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2024 to 30 November 2024

for

Snug Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

3,079

4,408

CURRENT ASSETS

Stocks

45,887

51,584

Debtors

5

3,429

367

Cash at bank and in hand

183,347

136,546

232,663

188,497

CREDITORS

Amounts falling due within one year

6

187,211

168,124

NET CURRENT ASSETS

45,452

20,373

TOTAL ASSETS LESS CURRENT LIABILITIES

48,531

24,781

PROVISIONS FOR LIABILITIES

770

837

NET ASSETS

47,761

23,944

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

47,561

23,744

SHAREHOLDERS' FUNDS

47,761

23,944

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

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 31 March 2025 and were signed on its behalf by:

Mrs C Symondson - Director

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 period 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 period 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 period was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 November 2024

52,516

DEPRECIATION

At 1 May 2024

48,108

Charge for period

1,329

At 30 November 2024

49,437

NET BOOK VALUE

At 30 November 2024

3,079

At 30 April 2024

4,408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

-

228

Other debtors

3,429

139

3,429

367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

83,846

115,989

Taxation and social security

59,692

18,426

Other creditors

43,673

33,709

187,211

168,124

7.	RELATED PARTY DISCLOSURES

The company was charged £16,482 (year ended 30 April 2024: £28,200) for rent of the showroom for the period ended 30 November 2024 by S & S Marden. S & S Marden is a business owned by Mr & Mrs S Smith directors and shareholders of the company.