Company Registration No. 11217368 (England and Wales)
Snagsure Limited
Unaudited accounts
for the year ended 28 February 2025
Snagsure Limited
Unaudited accounts
Contents
Snagsure Limited
Company Information
for the year ended 28 February 2025
Company Number
11217368 (England and Wales)
Registered Office
Myrtle Cottage
Weston Lullingfields
Shrewsbury
Shropshire
SY4 2AW
England
Accountants
FAO Accountancy Services Ltd
101 Melrose Drive
Wigan
WN3 6EG
Snagsure Limited
Statement of financial position
as at 28 February 2025
Tangible assets
6,486
3,310
Cash at bank and in hand
113,199
74,410
Creditors: amounts falling due within one year
(45,001)
(62,954)
Net current assets
96,999
48,563
Total assets less current liabilities
103,485
51,873
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
102,153
51,144
Shareholders' funds
102,253
51,244
For the year ending 28 February 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 20 October 2025 and were signed on its behalf by
S Griffin
Director
Company Registration No. 11217368
Snagsure Limited
Notes to the Accounts
for the year ended 28 February 2025
Snagsure Limited is a private company, limited by shares, registered in England and Wales, registration number 11217368. The registered office is Myrtle Cottage, Weston Lullingfields, Shrewsbury, Shropshire, SY4 2AW, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% Reducing balance
Computer equipment
20% Reducing balance
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.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Snagsure Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
At 28 February 2025
10,689
Amounts falling due within one year
Trade debtors
22,246
37,107
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
9
Taxes and social security
39,894
34,692
Other creditors
5,107
28,253
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(27,453)
74,660
48,170
(963)
(27,453)
74,660
48,170
(963)
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).