1 September 2023 false Taxfiler 2024.6 SC250125business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC2501252023-08-31 SC2501252023-09-012024-08-31 SC250125business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC250125business:FilletedAccounts2023-09-012024-08-31 SC2501252024-08-31 SC250125business:Director12023-09-012024-08-31 SC250125business:RegisteredOffice2023-09-012024-08-31 SC2501252023-08-31 SC250125core:WithinOneYear2024-08-31 SC250125core:WithinOneYear2023-08-31 SC250125core:AfterOneYear2024-08-31 SC250125core:AfterOneYear2023-08-31 SC250125core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC250125core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC250125core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC250125core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC250125core:PreviouslyStatedAmount2024-08-31 SC250125core:PreviouslyStatedAmount2023-08-31 SC250125business:SmallEntities2023-09-012024-08-31 SC250125countries:Scotland2023-09-012024-08-31 SC250125core:LandBuildings2023-09-012024-08-31 SC250125core:PlantMachinery2023-09-012024-08-31 SC250125core:MotorVehicles2023-09-012024-08-31 SC250125core:FurnitureFittings2023-09-012024-08-31 SC250125core:LandBuildings2023-08-31 SC250125core:PlantMachinery2023-08-31 SC250125core:FurnitureFittings2023-08-31 SC250125core:LandBuildings2024-08-31 SC250125core:PlantMachinery2024-08-31 SC250125core:FurnitureFittings2024-08-31 SC2501252022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC250125 (Scotland)
Snoworks Ltd. Unaudited accounts for the year ended 31 August 2024
Snoworks Ltd. Company Information for the year ended 31 August 2024
Director
Philip Smith
Company Number
SC250125 (Scotland)
Registered Office
Dunollie Back of Keppoch Arisaig Highland PH39 4NS Scotland
Accountants
Rebecca Donald Dunollie Back of Keppoch ARISAIG PH39 4NS
- 2 -
Snoworks Ltd. Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,972 
6,240 
Current assets
Debtors
30,042 
35,812 
Cash at bank and in hand
71,208 
72,018 
101,250 
107,830 
Creditors: amounts falling due within one year
(54,187)
(51,748)
Net current assets
47,063 
56,082 
Total assets less current liabilities
51,035 
62,322 
Creditors: amounts falling due after more than one year
(28,688)
(38,811)
Provisions for liabilities
Deferred tax
(6)
(389)
Net assets
22,341 
23,122 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,340 
23,121 
Shareholders' funds
22,341 
23,122 
For the year ending 31 August 2024 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 18 May 2025 and were signed on its behalf by
Philip Smith Director Company Registration No. SC250125
- 3 -
Snoworks Ltd. Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Snoworks Ltd. is a private company, limited by shares, registered in Scotland, registration number SC250125. The registered office is Dunollie, Back of Keppoch, Arisaig, Highland, PH39 4NS, Scotland.
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 as modified by the revaluation of certain fixed assets.
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:
Land & buildings
Over 10 years
Plant & machinery
Over 5 Years
Motor vehicles
Over 5 years
Fixtures & fittings
Over 5 years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 4 -
Snoworks Ltd. Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
11,985 
6,214 
37,542 
55,741 
At 31 August 2024
11,985 
6,214 
37,542 
55,741 
Depreciation
At 1 September 2023
8,266 
5,745 
35,490 
49,501 
Charge for the year
1,199 
469 
600 
2,268 
At 31 August 2024
9,465 
6,214 
36,090 
51,769 
Net book value
At 31 August 2024
2,520 
- 
1,452 
3,972 
At 31 August 2023
3,719 
469 
2,052 
6,240 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
267 
Accrued income and prepayments
5,900 
6,220 
Other debtors
24,142 
29,325 
30,042 
35,812 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
370 
- 
Trade creditors
10,972 
4,765 
Taxes and social security
266 
305 
Accruals
1,515 
1,438 
Deferred income
41,064 
45,240 
54,187 
51,748 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,688 
38,811 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 5 -