BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is brand management, design and marketing services. 28 April 2025 08467682 2025-03-31 08467682 2024-03-31 08467682 2023-03-31 08467682 2024-04-01 2025-03-31 08467682 2023-04-01 2024-03-31 08467682 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08467682 uk-curr:PoundSterling 2024-04-01 2025-03-31 08467682 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08467682 uk-bus:AbridgedAccounts 2024-04-01 2025-03-31 08467682 uk-core:ShareCapital 2025-03-31 08467682 uk-core:ShareCapital 2024-03-31 08467682 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 08467682 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 08467682 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 08467682 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 08467682 uk-bus:FRS102 2024-04-01 2025-03-31 08467682 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 08467682 uk-core:MotorVehicles 2024-04-01 2025-03-31 08467682 2024-04-01 2025-03-31 08467682 uk-bus:Director1 2024-04-01 2025-03-31 08467682 uk-bus:Director2 2024-04-01 2025-03-31 08467682 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Snell, Mitchell & Co Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2025



Snell, Mitchell & Co Ltd
Company Registration Number: 08467682
ABRIDGED BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 4 4,577 4,921
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Current Assets
Stocks 3,630 543
Debtors 3,313 2,346
Cash at bank and in hand 39,036 46,542
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45,979 49,431
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Creditors: amounts falling due within one year (14,611) (15,333)
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Net Current Assets 31,368 34,098
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Total Assets less Current Liabilities 35,945 39,019
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Capital and Reserves
Called up share capital 2,100 2,100
Retained earnings 33,845 36,919
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Shareholders' Funds 35,945 39,019
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 April 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Mr K Snell     Mrs P Snell
Director     Director
           



Snell, Mitchell & Co Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
Snell, Mitchell & Co Ltd is a company limited by shares incorporated in the United Kingdom.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).
 
  2025 2024
  Number Number
 
Director 2 2
Employees 2 2
  ───────── ─────────
  4 4
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 April 2024 7,424 3,329 10,753
Additions 587 - 587
  ───────── ───────── ─────────
At 31 March 2025 8,011 3,329 11,340
  ───────── ───────── ─────────
Depreciation
At 1 April 2024 3,557 2,275 5,832
Charge for the financial year 668 263 931
  ───────── ───────── ─────────
At 31 March 2025 4,225 2,538 6,763
  ───────── ───────── ─────────
Net book value
At 31 March 2025 3,786 791 4,577
  ═════════ ═════════ ═════════
At 31 March 2024 3,867 1,054 4,921
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2025.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.