Company Registration No. 11378772 (England and Wales)
Snaseem Ltd
Unaudited accounts
for the year ended 31 May 2025
Snaseem Ltd
Unaudited accounts
Contents
Snaseem Ltd
Company Information
for the year ended 31 May 2025
Company Number
11378772 (England and Wales)
Registered Office
1 Downshall Avenue
Ilford
Essex
IG3 8NB
Accountants
R A Fernando
Numeric Accountancy Ltd.
36 Wallington Road
Ilford
Essex
IG3 8QQ
Snaseem Ltd
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
56,769
68,790
Creditors: amounts falling due within one year
(129,191)
(132,641)
Net current liabilities
(51,917)
(52,851)
Net liabilities
(51,877)
(52,771)
Called up share capital
1
1
Profit and loss account
(51,878)
(52,772)
Shareholders' funds
(51,877)
(52,771)
For the year ending 31 May 2025 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 3 September 2025 and were signed on its behalf by
Waqar Ahemd
Director
Company Registration No. 11378772
Snaseem Ltd
Notes to the Accounts
for the year ended 31 May 2025
Snaseem Ltd is a private company, limited by shares, registered in England and Wales, registration number 11378772. The registered office is 1 Downshall Avenue, Ilford, Essex, IG3 8NB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
16,164
26,525
3,387
46,076
At 31 May 2025
16,164
26,525
3,387
46,076
At 1 June 2024
16,164
26,524
3,308
45,996
Charge for the year
-
-
40
40
At 31 May 2025
16,164
26,524
3,348
46,036
Snaseem Ltd
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Accrued income and prepayments
10,500
4,000
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,833
18,223
Trade creditors
21,945
24,756
Taxes and social security
27,133
20,767
Other creditors
1,675
1,978
Loans from directors
62,845
62,277
7
Average number of employees
During the year the average number of employees was 7 (2024: 7).