REGISTERED NUMBER: 11756677 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Snow & Sons Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Snow

T Snow

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

11756677 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

28,934

18,250

CURRENT ASSETS

Stocks

8,000

23,674

Debtors

5

178,405

176,497

186,405

200,171

CREDITORS

Amounts falling due within one year

6

164,640

160,737

NET CURRENT ASSETS

21,765

39,434

TOTAL ASSETS LESS CURRENT LIABILITIES

50,699

57,684

CREDITORS

Amounts falling due after more than one year

7

(42,631

)

(31,236

)

PROVISIONS FOR LIABILITIES

(5,469

)

(3,115

)

NET ASSETS

2,599

23,333

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,499

23,233

SHAREHOLDERS' FUNDS

2,599

23,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 31 October 2025 and were signed on its behalf by:

K A Snow - Director

T Snow - Director

1.	STATUTORY INFORMATION

Snow & Sons Electrical Ltd 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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

41,107

Additions

22,161

Disposals

(8,990

)

At 31 January 2025

54,278

DEPRECIATION

At 1 February 2024

22,857

Charge for year

9,344

Eliminated on disposal

(6,857

)

At 31 January 2025

25,344

NET BOOK VALUE

At 31 January 2025

28,934

At 31 January 2024

18,250

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

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

13,995

DEPRECIATION

At 1 February 2024

6,123

Charge for year

7,467

At 31 January 2025

13,590

NET BOOK VALUE

At 31 January 2025

405

At 31 January 2024

7,872

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,479

78,654

Other debtors

165,926

97,843

178,405

176,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,906

15,595

Hire purchase contracts

6,967

2,500

Trade creditors

17,033

49,128

Taxation and social security

68,984

54,396

Other creditors

30,750

39,118

164,640

160,737

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

23,513

27,486

Hire purchase contracts

19,118

3,750

42,631

31,236

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,617

11,590

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

K A Snow

Balance outstanding at start of year

41,782

37,664

Amounts advanced

49,945

64,975

Amounts repaid

(26,376

)

(60,857

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,351

41,782

T Snow

Balance outstanding at start of year

41,782

37,664

Amounts advanced

55,486

62,400

Amounts repaid

(26,786

)

(58,282

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,482

41,782