Company registration number 03150418 (England and Wales)
SNAP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SNAP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SNAP LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
535
802
Tangible assets
4
116,204
1,353
116,739
2,155
Current assets
Debtors
5
108,403
98,613
Cash at bank and in hand
989,143
497,683
1,097,546
596,296
Creditors: amounts falling due within one year
6
(1,044,582)
(473,664)
Net current assets
52,964
122,632
Total assets less current liabilities
169,703
124,787
Provisions for liabilities
(28,200)
-
0
Net assets
141,503
124,787
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss reserves
91,503
74,787
Total equity
141,503
124,787
SNAP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 February 2026 and are signed on its behalf by:
M J Todd
Director
Company registration number 03150418 (England and Wales)
SNAP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Snap Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Randall Business Centre, Randall Park Way, Retford, Nottinghamshire, United Kingdom, DN22 7WF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Intangible assets comprise patents and licences paid in advance for the use of trade marks and technology. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their estimated useful lives. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
Straight line over 10 years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% or 20% straight line basis
Fixtures and fittings
15% on reducing balance basis
Computers
Straight line basis over 3 years
SNAP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
SNAP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 January 2025 and 31 December 2025
2,672
Amortisation and impairment
At 1 January 2025
1,870
Amortisation charged for the year
267
At 31 December 2025
2,137
Carrying amount
At 31 December 2025
535
At 31 December 2024
802
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
20,931
Additions
132,747
At 31 December 2025
153,678
Depreciation and impairment
At 1 January 2025
19,578
Depreciation charged in the year
17,896
At 31 December 2025
37,474
Carrying amount
At 31 December 2025
116,204
At 31 December 2024
1,353
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
108,403
98,613
SNAP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
27,478
145,562
Amounts owed to group undertakings
758,382
181,099
Taxation and social security
103,632
138,930
Other creditors
155,090
8,073
1,044,582
473,664
7
Related party transactions
Transactions with related parties

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Cutoutme LLC

A company under common control

Sales made to the Company during the year amount to £nil (202 4: £52,124) and purchases from the Company total £324,669 (202 4:£646,969), there is an overall balance outstanding from Snap Ltd of £42,156 (202 4: £33,264) at the balance sheet date.

Cutoutme GmbH

A company under common control

Sales made to the Company during the year amount to £2,562 (2024: £1,962) and purchases from the Company total £294,255 (202 4:£646,969) there is an overall balance outstanding from Snap Ltd of £42,884 (202 4: £64,956) at the balance sheet date.

Cutoutme SAS

A company under common control

Sales made to the Company during the year amount to £44,859 (202 4: £nil) and purchases from the Company total £130,334 (202 4:£nil), there is an overall balance due to Snap Ltd of £18,222 (202 4: £nil) at the balance sheet date.

8
Ultimate controlling party

The parent company is RCS Ltd and its registered office is Randall Park Way, Retford, Nottinghamshire, DN22 7WF.

The ultimate controlling party is Mr M J Todd and Mrs C E Todd.

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