Snowcap Bangles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04620222

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		377		502

			377		502
CURRENT ASSETS
Stocks	6	118,549		140,087
Debtors	7	706		1,988
Cash at bank and in hand		602		424

		119,857		142,499
Creditors: Amounts Falling Due Within One Year	8	(114,312 )		(131,671 )

NET CURRENT ASSETS (LIABILITIES)			5,545		10,828

TOTAL ASSETS LESS CURRENT LIABILITIES			5,922		11,330

NET ASSETS			5,922		11,330

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			5,920		11,328

SHAREHOLDERS' FUNDS			5,922		11,330

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Snowcap Bangles Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Oliver Stone-Houghton Director	Miss Abigail Stone-Houghton Director
19 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Snowcap Bangles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04620222 . The registered office is Castle Farm Barn North, Denmead Road, Southwick, Fareham, Hampshire, PO17 6EX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Snowcap Bangles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	26,500

As at 31 December 2024	26,500

Amortisation
As at 1 January 2024	26,500

As at 31 December 2024	26,500

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	3,274	815	4,089

As at 31 December 2024	3,274	815	4,089

Depreciation
As at 1 January 2024	3,230	357	3,587
Provided during the period	11	114	125

As at 31 December 2024	3,241	471	3,712

Net Book Value
As at 31 December 2024	33	344	377

As at 1 January 2024	44	458	502

6. Stocks

	2024	2023
	£	£
Stock	118,549	140,087

7. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	706	1,988

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Snowcap Bangles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	(1 )
Other creditors	114,312	131,672

	114,312	131,671

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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