Registered number
03694055
S N C Installations Limited
Accounts
31 January 2025
S N C Installations Limited
Registered number: 03694055
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 11,772 -
Tangible assets 4 319,067 155,904
330,839 155,904
Current assets
Debtors 5 445,447 280,576
Cash at bank and in hand 1,053,433 796,674
1,498,880 1,077,250
Creditors: amounts falling due within one year 6 (869,421) (599,482)
Net current assets 629,459 477,768
Total assets less current liabilities 960,298 633,672
Provisions for liabilities (19,282) (13,799)
Net assets 941,016 619,873
Capital and reserves
Called up share capital 110 110
Profit and loss account 940,906 619,763
Shareholders' funds 941,016 619,873
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S N Conduct
Director
Approved by the board on 23 May 2025
S N C Installations Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc. 25% reducing balance and 33% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 10
including directors
3 Intangible fixed assets £
Cost
Additions 13,080
At 31 January 2025 13,080
Amortisation
Provided during the year 1,308
At 31 January 2025 1,308
Net book value
At 31 January 2025 11,772
Intangible assets are being written off in equal annual instalments over the estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 104,686 291,604 396,290
Additions - 287,794 287,794
Disposals - (42,641) (42,641)
At 31 January 2025 104,686 536,757 641,443
Depreciation
At 1 February 2024 88,617 151,769 240,386
Charge for the year 4,232 102,410 106,642
On disposals - (24,652) (24,652)
At 31 January 2025 92,849 229,527 322,376
Net book value
At 31 January 2025 11,837 307,230 319,067
At 31 January 2024 16,069 139,835 155,904
5 Debtors 2025 2024
£ £
Trade debtors 425,040 265,992
Other debtors 20,407 14,584
445,447 280,576
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 579,917 335,148
Taxation and social security costs 279,881 254,676
Other creditors 9,623 9,658
869,421 599,482
7 Other information
S N C Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Park Lane Cottage
Botley Road
Southampton
Hampshire
SO32 1DR
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