1 March 2024 false No description of principal activity Taxfiler 2024.6 SC688241business:PrivateLimitedCompanyLtd2024-03-012025-02-28 SC6882412024-02-29 SC6882412024-03-012025-02-28 SC688241business:AuditExemptWithAccountantsReport2024-03-012025-02-28 SC688241business:FilletedAccounts2024-03-012025-02-28 SC6882412025-02-28 SC688241business:Director12024-03-012025-02-28 SC688241business:RegisteredOffice2024-03-012025-02-28 SC6882412024-02-29 SC688241core:WithinOneYear2025-02-28 SC688241core:WithinOneYear2024-02-29 SC688241core:AfterOneYear2025-02-28 SC688241core:AfterOneYear2024-02-29 SC688241core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 SC688241core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC688241core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 SC688241core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC688241core:PreviouslyStatedAmount2025-02-28 SC688241core:PreviouslyStatedAmount2024-02-29 SC688241business:SmallEntities2024-03-012025-02-28 SC688241countries:Scotland2024-03-012025-02-28 SC688241core:ComputerEquipment2024-03-012025-02-28 SC688241core:ComputerEquipment2024-02-29 SC688241core:ComputerEquipment2025-02-28 SC6882412023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. SC688241 (Scotland)
Snag Right Ltd Unaudited accounts for the year ended 28 February 2025
Snag Right Ltd Unaudited accounts Contents
Page
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Snag Right Ltd Company Information for the year ended 28 February 2025
Director
Billy Hamilton
Company Number
SC688241 (Scotland)
Registered Office
5 South Charlotte Street Edinburgh EH2 4AN
Accountants
JK Business Services Ltd Axwell House 2 Westerton Road Broxburn West Lothian EH52 5AU
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Snag Right Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
835 
1,087 
Current assets
Debtors
4,230 
5,785 
Cash at bank and in hand
5,275 
5,686 
9,505 
11,471 
Creditors: amounts falling due within one year
(5,308)
(4,770)
Net current assets
4,197 
6,701 
Total assets less current liabilities
5,032 
7,788 
Creditors: amounts falling due after more than one year
(4,500)
(7,500)
Net assets
532 
288 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
531 
287 
Shareholders' funds
532 
288 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 April 2025 and were signed on its behalf by
Billy Hamilton Director Company Registration No. SC688241
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Snag Right Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Snag Right Ltd is a private company, limited by shares, registered in Scotland, registration number SC688241. The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight-Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2024
1,262 
At 28 February 2025
1,262 
Depreciation
At 1 March 2024
175 
Charge for the year
252 
At 28 February 2025
427 
Net book value
At 28 February 2025
835 
At 29 February 2024
1,087 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
4,230 
5,785 
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Snag Right Ltd Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Taxes and social security
2,308 
1,770 
5,308 
4,770 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
4,500 
7,500 
8
Loans to directors
During the year, the director operated a loan account with the company. At the balance sheet date there was a balance due to the company of £4,230 (PY: £5,728) which is included within 'Other Debtors' per Note 5 above. This loan is interest-free and has no set repayment date.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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