REGISTERED NUMBER: 06346206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SNOWBIRD FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Freeman

Mrs S J Freeman

REGISTERED OFFICE:

88 North Street

Hornchurch

Essex

RM11 1SR

REGISTERED NUMBER:

06346206 (England and Wales)

ACCOUNTANTS:

Lipson & Co

88 North Street

Hornchurch

Essex

RM11 1SR

FIXED ASSETS

Tangible assets

4

73,796

96,237

CURRENT ASSETS

Debtors

5

12,457

29,991

Cash at bank

269,752

99,517

282,209

129,508

CREDITORS

Amounts falling due within one year

6

290,777

121,525

NET CURRENT (LIABILITIES)/ASSETS

(8,568

)

7,983

TOTAL ASSETS LESS CURRENT LIABILITIES

65,228

104,220

CREDITORS

Amounts falling due after more than one year

7

5,311

54,771

NET ASSETS

59,917

49,449

CAPITAL AND RESERVES

Called up share capital

201

201

Retained earnings

59,716

49,248

SHAREHOLDERS' FUNDS

59,917

49,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

S R Freeman - Director

1.	STATUTORY INFORMATION

Snowbird Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

10% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

183,963

97,023

280,986

Additions

-

3,331

3,331

At 31 December 2024

183,963

100,354

284,317

DEPRECIATION

At 1 January 2024

109,638

75,111

184,749

Charge for year

18,396

7,376

25,772

At 31 December 2024

128,034

82,487

210,521

NET BOOK VALUE

At 31 December 2024

55,929

17,867

73,796

At 31 December 2023

74,325

21,912

96,237

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

95,683

DEPRECIATION

At 1 January 2024

48,042

Charge for year

9,568

At 31 December 2024

57,610

NET BOOK VALUE

At 31 December 2024

38,073

At 31 December 2023

47,641

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

11,269

12,862

Other debtors

-

10,494

VAT

1,188

-

Prepayments

-

6,635

12,457

29,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

31,108

29,809

Hire purchase contracts

17,049

22,596

Trade creditors

16,544

16,778

Tax

49,636

40,603

Social security and other taxes

6,123

6,441

VAT

-

2,746

Other creditors

31,440

1,324

Directors' current accounts

777

128

Accrued expenses

138,100

1,100

290,777

121,525

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,311

31,108

Bank loans - 2-5 years

-

5,311

Hire purchase contracts

-

18,352

5,311

54,771

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S R Freeman.