Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr T J Bruce 29/11/2019 Mr D R Rice 15/03/2012 Mr R Shah 01/12/2022 Mr J Van Ansem 01/12/2022 Mrs A L Wright 02/01/2024 15 August 2025 The principal activity of the Company during the financial year was the supply of data analytics services to corporate customers. 07992877 2025-03-31 07992877 bus:Director1 2025-03-31 07992877 bus:Director2 2025-03-31 07992877 bus:Director3 2025-03-31 07992877 bus:Director4 2025-03-31 07992877 bus:Director5 2025-03-31 07992877 2024-03-31 07992877 core:CurrentFinancialInstruments 2025-03-31 07992877 core:CurrentFinancialInstruments 2024-03-31 07992877 core:Non-currentFinancialInstruments 2025-03-31 07992877 core:Non-currentFinancialInstruments 2024-03-31 07992877 core:ShareCapital 2025-03-31 07992877 core:ShareCapital 2024-03-31 07992877 core:SharePremium 2025-03-31 07992877 core:SharePremium 2024-03-31 07992877 core:RetainedEarningsAccumulatedLosses 2025-03-31 07992877 core:RetainedEarningsAccumulatedLosses 2024-03-31 07992877 core:OfficeEquipment 2024-03-31 07992877 core:OfficeEquipment 2025-03-31 07992877 core:CostValuation 2024-03-31 07992877 core:AdditionsToInvestments 2025-03-31 07992877 core:CostValuation 2025-03-31 07992877 bus:OrdinaryShareClass1 2025-03-31 07992877 2024-04-01 2025-03-31 07992877 bus:FilletedAccounts 2024-04-01 2025-03-31 07992877 bus:SmallEntities 2024-04-01 2025-03-31 07992877 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07992877 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07992877 bus:Director1 2024-04-01 2025-03-31 07992877 bus:Director2 2024-04-01 2025-03-31 07992877 bus:Director3 2024-04-01 2025-03-31 07992877 bus:Director4 2024-04-01 2025-03-31 07992877 bus:Director5 2024-04-01 2025-03-31 07992877 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 07992877 2023-04-01 2024-03-31 07992877 core:Subsidiary1 2024-04-01 2025-03-31 07992877 core:Subsidiary1 1 2024-04-01 2025-03-31 07992877 core:Subsidiary1 1 2023-04-01 2024-03-31 07992877 core:Subsidiary2 2024-04-01 2025-03-31 07992877 core:Subsidiary2 1 2024-04-01 2025-03-31 07992877 core:Subsidiary2 1 2023-04-01 2024-03-31 07992877 core:Subsidiary3 2024-04-01 2025-03-31 07992877 core:Subsidiary3 1 2024-04-01 2025-03-31 07992877 core:Subsidiary3 1 2023-04-01 2024-03-31 07992877 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 07992877 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07992877 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 07992877 (England and Wales)

SNAP ANALYTICS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SNAP ANALYTICS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SNAP ANALYTICS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
SNAP ANALYTICS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investments 4 5,080 3,559
5,080 3,559
Current assets
Debtors 5 1,387,330 1,103,667
Cash at bank and in hand 1,628,720 811,161
3,016,050 1,914,828
Creditors: amounts falling due within one year 6 ( 1,124,007) ( 695,752)
Net current assets 1,892,043 1,219,076
Total assets less current liabilities 1,897,123 1,222,635
Creditors: amounts falling due after more than one year 7 ( 14,265) ( 17,499)
Net assets 1,882,858 1,205,136
Capital and reserves
Called-up share capital 8 120 120
Share premium account 39,970 39,970
Profit and loss account 1,842,768 1,165,046
Total shareholders' funds 1,882,858 1,205,136

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Snap Analytics Ltd (registered number: 07992877) were approved and authorised for issue by the Board of Directors on 15 August 2025. They were signed on its behalf by:

Mrs A L Wright
Director
SNAP ANALYTICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SNAP ANALYTICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Snap Analytics Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Runway East, 1 Victoria Street, Bristol, BS1 6AA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 41 24

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2024 1,369 1,369
At 31 March 2025 1,369 1,369
Accumulated depreciation
At 01 April 2024 1,369 1,369
At 31 March 2025 1,369 1,369
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 3,559
Additions 1,521
At 31 March 2025 5,080
Carrying value at 31 March 2025 5,080
Carrying value at 31 March 2024 3,559

Investments in shares

Name of entity Registered office Class of
shares
Ownership
31.03.2025
Ownership
31.03.2024
Snapanalytics IT Services Private Ltd 279-A Sector-2, Channi Himmat, Jammu Jammu & Kashmir 180015 Chani Himat Jammu, India Ordinary 100.00% 100.00%
Snap Analytics (PTY) Ltd 54 Kloof Avenue, Silveroaks, Kuilsriver, Western Cape, 7580, South Africa Ordinary 100.00% 0.00%
Snap Labs AI Ltd Runway East , 1 Victoria Street, Bristol, BS1 6AA, United Kingdom Ordinary 100.00% 0.00%

During the financial year, the Company acquired shares in a Snap Analytics (PTY) Ltd and £nil par value.

5. Debtors

2025 2024
£ £
Trade debtors 1,245,122 1,100,996
Amounts owed by Group undertakings 50,695 0
Amounts owed by directors 0 470
Prepayments and accrued income 59,454 688
Other debtors 32,059 1,513
1,387,330 1,103,667

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 3,730 3,730
Trade creditors 133,128 62,785
Amounts owed to directors 0 284
Accruals and deferred income 429,335 269,138
Taxation and social security 478,602 327,777
Other creditors 79,212 32,038
1,124,007 695,752

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 14,265 17,499

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
12,000 Ordinary shares of £ 0.01 each 120 120

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2025 2024
£ £
within one year 6,390 9,685

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2025 2024
£ £
Unpaid contributions due to the fund (inc. in other creditors) 54,058 16,090

10. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts owed by directors 0 470

The loan is interest free with no fixed date for repayment.

The Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.