Snip Cut Ltd

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

Registered number: 15190426

		30 October 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		1,488

			1,488
CURRENT ASSETS
Stocks	5	315
Cash at bank and in hand		2,271

		2,586
Creditors: Amounts Falling Due Within One Year	6	(2,941 )

NET CURRENT ASSETS (LIABILITIES)			(355 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,133

NET ASSETS			1,133

CAPITAL AND RESERVES
Called up share capital	7		1
Profit and Loss Account			1,132

SHAREHOLDERS' FUNDS			1,133

For the period ending 30 October 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 Yousif Adam

Director

30/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Snip Cut Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15190426 . The registered office is Ground Floor, 10 Meldon Road, Manchester, Lancashire, M13 0TZ.

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. 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

20%

2.4. 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 period was: NIL

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 5 October 2023	-
Additions	1,860

As at 30 October 2024	1,860

Depreciation
As at 5 October 2023	-
Provided during the period	372

As at 30 October 2024	372

...CONTINUED

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Page 3

Snip Cut Ltd

Notes to the Financial Statements (continued)

For the Period 5 October 2023 to 30 October 2024

Net Book Value
As at 30 October 2024	1,488

As at 5 October 2023	-

5. Stocks

	30 October 2024
	£
Finished goods	315

6. Creditors: Amounts Falling Due Within One Year

	30 October 2024
	£
Other loans	2,341
Other creditors	600

	2,941

7. Share Capital

	30 October 2024
	£
Allotted, Called up and fully paid	1

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