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REGISTERED NUMBER: 04704564 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SNAP! 4 KIDS LIMITED

SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNAP! 4 KIDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J H Robertson
K H J Forrest



SECRETARY: J H Robertson



REGISTERED OFFICE: Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



REGISTERED NUMBER: 04704564 (England and Wales)



ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



BANKERS: Lloyds Bank
Gonville Place
Cambridge

SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,035,493 1,033,830
1,035,493 1,033,830

CURRENT ASSETS
Debtors 6 - 17,109
Cash at bank 45,471 14
45,471 17,123
CREDITORS
Amounts falling due within one year 7 172,525 204,607
NET CURRENT LIABILITIES (127,054 ) (187,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

908,439

846,346

CREDITORS
Amounts falling due after more than one
year

8

318,325

240,538
NET ASSETS 590,114 605,808

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 149,985 149,985
Revaluation reserve 11 404,937 404,937
Retained earnings 35,092 50,786
SHAREHOLDERS' FUNDS 590,114 605,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





K H J Forrest - Director


SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Snap! 4 Kids 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arises from the purchase of nursery businesses and is amortised over its estimated useful economic life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 71,838
Disposals (71,838 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 71,838
Eliminated on disposal (71,838 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and Computer
property leasehold machinery equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 1,033,830 1,575 73,012 18,967 1,127,384
Additions - - - 2,495 2,495
Disposals - (1,575 ) (73,012 ) (18,967 ) (93,554 )
At 31 March 2024 1,033,830 - - 2,495 1,036,325
DEPRECIATION
At 1 April 2023 - 1,575 73,012 18,967 93,554
Charge for year - - - 832 832
Eliminated on disposal - (1,575 ) (73,012 ) (18,967 ) (93,554 )
At 31 March 2024 - - - 832 832
NET BOOK VALUE
At 31 March 2024 1,033,830 - - 1,663 1,035,493
At 31 March 2023 1,033,830 - - - 1,033,830

No depreciation is provided on the freehold property as the directors believe that the useful economic life and high residual value of the building mean that any depreciation would be immaterial. The property is subject to an annual impairment review.

SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2024 1,033,830 - 1,033,830
Cost - 2,495 2,495
1,033,830 2,495 1,036,325

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 628,893 628,893

Freehold and buildings were valued on an open market basis basis on 31 March 2019 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 17,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,969 60,722
Tax 251 251
Social security and other taxes 1,739 5,488
Mortgage - 44,472
Directors' loan accounts 155,634 87,716
Accruals and deferred income 7,932 5,958
172,525 204,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 25,000 25,000
Mortgage - 155,048
Director's loan 263,157 25,000
Bank loans 30,168 35,490
318,325 240,538

SNAP! 4 KIDS LIMITED (REGISTERED NUMBER: 04704564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage - 199,519

The mortgage is secured on the freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 404,937