Snappies Photoprocessing Laboratory Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02560175

Snappies Photoprocessing Laboratory Limited

Filleted Unaudited Financial Statements

31 December 2024

Snappies Photoprocessing Laboratory Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Snappies Photoprocessing Laboratory Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Snappies Photoprocessing Laboratory Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Snappies Photoprocessing Laboratory Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Snappies Photoprocessing Laboratory Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Snappies Photoprocessing Laboratory Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Snappies Photoprocessing Laboratory Limited and its director for our work or for this report.

It is your duty to ensure that Snappies Photoprocessing Laboratory Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Snappies Photoprocessing Laboratory Limited. You consider that Snappies Photoprocessing Laboratory Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Snappies Photoprocessing Laboratory Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

22 September 2025

Snappies Photoprocessing Laboratory Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	4	7,071	7,857

Current assets

Stocks	300	300
Cash at bank and in hand	150	150
	----	----
	450	450

Creditors: amounts falling due within one year	5	16,542	17,467
		--------	--------
Net current liabilities		16,092	17,017
		--------	--------
Total assets less current liabilities		( 9,021)	( 9,160)

Provisions

Taxation including deferred tax	1,343	1,493
	--------	--------
Net liabilities	( 10,364)	( 10,653)
	--------	--------

Snappies Photoprocessing Laboratory Limited

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	4	4
Profit and loss account	( 10,368)	( 10,657)
	--------	--------
Shareholders deficit	( 10,364)	( 10,653)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr F Homayonfar
Director

Company registration number: 02560175

Snappies Photoprocessing Laboratory Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Doncaster Road, Barnsley, South Yorkshire, S70 1TH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has net current liabilities. The director considers that it is appropriate to prepare the accounts on a going concern basis and this assumes that adequate financial support will continue for the foreseeable future from the director to enable the company to meet its liabilities as they fall due.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less ) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant & Machinery	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	142,138	142,138
	---------	---------
Depreciation
At 1 January 2024	134,281	134,281
Charge for the year	786	786
	---------	---------
At 31 December 2024	135,067	135,067
	---------	---------
Carrying amount
At 31 December 2024	7,071	7,071
	---------	---------
At 31 December 2023	7,857	7,857
	---------	---------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	4,374	3,816
Corporation tax	217	47
Other creditors	11,951	13,604
	--------	--------
	16,542	17,467
	--------	--------