Registration number: 04286203

Snowsport Synergy Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Snowsport Synergy Limited

(Registration number: 04286203)
Balance Sheet as at 24 March 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	28,998	28,590
Current assets
Debtors	5	7,627	15,227
Cash at bank and in hand		907	1,807
		8,534	17,034
Creditors: Amounts falling due within one year	6	(47,350)	(31,884)
Net current liabilities		(38,816)	(14,850)
Total assets less current liabilities		(9,818)	13,740
Provisions for liabilities		(310)	-
Net (liabilities)/assets		(10,128)	13,740
Capital and reserves
Called up share capital	7	1	1
Retained earnings		(10,129)	13,739
Shareholders' (deficit)/funds		(10,128)	13,740

For the financial period ending 24 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and director's report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 20 June 2025
 

......................................... Mr W Smith Director

Snowsport Synergy Limited

Notes to the Unaudited Financial Statements for the Period from 27 March 2023 to 24 March 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
50 Glentham Road
London
SW13 9JJ
England

These financial statements were authorised for issue by the director on 20 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

During the period the company met its day to day working capital requirements by way of the financial support of its director.

On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of support.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Snowsport Synergy Limited

Notes to the Unaudited Financial Statements for the Period from 27 March 2023 to 24 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Snowsport Synergy Limited

Notes to the Unaudited Financial Statements for the Period from 27 March 2023 to 24 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee`s services are received.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 27 March 2023	180,732	180,732
Additions	7,657	7,657
At 24 March 2024	188,389	188,389
Depreciation
At 27 March 2023	152,142	152,142
Charge for the year	7,249	7,249
At 24 March 2024	159,391	159,391
Carrying amount
At 24 March 2024	28,998	28,998
At 26 March 2023	28,590	28,590

Snowsport Synergy Limited

Notes to the Unaudited Financial Statements for the Period from 27 March 2023 to 24 March 2024

5

Debtors

Current	2024 £	2023 £
Other debtors	7,627	15,227
	7,627	15,227

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	-	4,746
Accruals and deferred income	4,500	27,000
Other creditors	42,850	138
	47,350	31,884

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
ordinary share of £1 each	1	1	1	1

Snowsport Synergy Limited

Notes to the Unaudited Financial Statements for the Period from 27 March 2023 to 24 March 2024

8	Related party transactions

The directors loan is interest free and is repayable on demand.

Transactions with the director

2024	At 27 March 2023 £	Advances to director £	Repayments by director £	At 24 March 2024 £
Mr W Smith
Directors loan account	13,857	9,836	(65,321)	(41,628)

2023	At 27 March 2022 £	Advances to director £	At 26 March 2023 £
Mr W Smith
Directors loan account	(61)	13,918	13,857