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Registered number: 06502598
Snowpaw Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Freya Accounts Ltd
Holbrook House, 32 Oakley Lane
Oakley
Basingstoke
Hampshire
RG23 7JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06502598
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,370 10,470
12,370 10,470
CURRENT ASSETS
Stocks 5 131,631 105,833
Debtors 6 8,895 10,417
Cash at bank and in hand 15,628 9,549
156,154 125,799
Creditors: Amounts Falling Due Within One Year 7 (138,359 ) (97,825 )
NET CURRENT ASSETS (LIABILITIES) 17,795 27,974
TOTAL ASSETS LESS CURRENT LIABILITIES 30,165 38,444
Creditors: Amounts Falling Due After More Than One Year 8 (6,720 ) (14,237 )
NET ASSETS 23,445 24,207
CAPITAL AND RESERVES
Called up share capital 10 1,100 1,100
Profit and Loss Account 22,345 23,107
SHAREHOLDERS' FUNDS 23,445 24,207
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For the year ending 31 March 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 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
Mrs Rachel Kiy
Director
22nd December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Snowpaw Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06502598 . The registered office is Unit S The Dutch Barn Harepath Farm, Burbage, Wilts, SN8 3BT.
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:
Motor Vehicles Reducing balance at 25%
Fixtures & Fittings Straight line over three years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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: 5 (2024: 3)
5 3
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 24,830 2,543 27,373
Additions - 6,250 6,250
As at 31 March 2025 24,830 8,793 33,623
Depreciation
As at 1 April 2024 14,355 2,548 16,903
Provided during the period 2,619 1,731 4,350
As at 31 March 2025 16,974 4,279 21,253
Net Book Value
As at 31 March 2025 7,856 4,514 12,370
As at 1 April 2024 10,475 (5 ) 10,470
5. Stocks
2025 2024
£ £
Stock 131,631 105,833
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15 178
Prepayments and accrued income 208 633
Other debtors - 1,079
Monies owed from 3rd Parties 4,577 7,717
Deposits Paid 4,095 810
8,895 10,417
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,754 12,021
Other taxes and social security 1,125 322
VAT 4,831 6,083
Credit Card 16,962 12,885
Pension Liability 56 23
Gift Cards 174 140
Accruals and deferred income 900 900
Directors' loan accounts 94,557 65,451
138,359 97,825
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,720 10,752
Bank loans - 3,485
6,720 14,237
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 6,720 10,752
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,100 1,100
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