Silverfin false false 30/06/2025 01/07/2024 30/06/2025 R J Godfrey Faussett 07/05/2002 M J Harford 01/04/2026 07/05/2002 23 July 2026 The principal activity of the company is the retailing of horse clothing. 04418461 2025-06-30 04418461 bus:Director1 2025-06-30 04418461 bus:Director2 2025-06-30 04418461 2024-06-30 04418461 core:CurrentFinancialInstruments 2025-06-30 04418461 core:CurrentFinancialInstruments 2024-06-30 04418461 core:Non-currentFinancialInstruments 2025-06-30 04418461 core:Non-currentFinancialInstruments 2024-06-30 04418461 core:ShareCapital 2025-06-30 04418461 core:ShareCapital 2024-06-30 04418461 core:RetainedEarningsAccumulatedLosses 2025-06-30 04418461 core:RetainedEarningsAccumulatedLosses 2024-06-30 04418461 core:PlantMachinery 2024-06-30 04418461 core:Vehicles 2024-06-30 04418461 core:OtherPropertyPlantEquipment 2024-06-30 04418461 core:PlantMachinery 2025-06-30 04418461 core:Vehicles 2025-06-30 04418461 core:OtherPropertyPlantEquipment 2025-06-30 04418461 core:CurrentFinancialInstruments 9 2025-06-30 04418461 core:CurrentFinancialInstruments 9 2024-06-30 04418461 2023-06-30 04418461 core:AcceleratedTaxDepreciationDeferredTax 2025-06-30 04418461 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 04418461 core:OtherDeferredTax 2025-06-30 04418461 core:OtherDeferredTax 2024-06-30 04418461 bus:OrdinaryShareClass1 2025-06-30 04418461 2024-07-01 2025-06-30 04418461 bus:FilletedAccounts 2024-07-01 2025-06-30 04418461 bus:SmallEntities 2024-07-01 2025-06-30 04418461 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 04418461 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04418461 bus:Director1 2024-07-01 2025-06-30 04418461 bus:Director2 2024-07-01 2025-06-30 04418461 core:PlantMachinery 2024-07-01 2025-06-30 04418461 core:Vehicles 2024-07-01 2025-06-30 04418461 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 04418461 2023-07-01 2024-06-30 04418461 core:Non-currentFinancialInstruments 2024-07-01 2025-06-30 04418461 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 04418461 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04418461 (England and Wales)

# SNUGGY HOODS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

SNUGGY HOODS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

SNUGGY HOODS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
SNUGGY HOODS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 66,954 |  | 75,105
|  | 66,954 |  | 75,105
Current assets |  |  |  |
Stocks | 4 | 54,350 |  | 55,008
Debtors | 5 | 417,263 |  | 333,137
Cash at bank and in hand | 6 | 1,838 |  | 20,985
|  | 473,451 |  | 409,130
Creditors: amounts falling due within one year | 7 | ( 320,740) |  | ( 241,663)
Net current assets |  | 152,711 |  | 167,467
Total assets less current liabilities |  | 219,665 |  | 242,572
Creditors: amounts falling due after more than one year | 8 | ( 16,758) |  | ( 18,032)
Provision for liabilities | 9 | ( 13,538) |  | ( 14,151)
Net assets |  | 189,369 |  | 210,389
Capital and reserves |  |  |  |
Called-up share capital | 10 | 100 |  | 100
Profit and loss account |  | 189,269 |  | 210,289
Total shareholder's funds |  | 189,369 |  | 210,389

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Snuggy Hoods Limited (registered number: 04418461) were approved and authorised for issue by the Director. They were signed on its behalf by:

R J Godfrey Faussett Director |

23 July 2026

SNUGGY HOODS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
SNUGGY HOODS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Snuggy Hoods Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit 1 Midlands Industrial Estate, Holt, Trowbridge, BA14 6RU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Other property, plant and equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 4 |  | 5

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 July 2024 | 145,661 |  | 121,513 |  | 83,566 |  | 350,740
Additions | 11,245 |  | 0 |  | 0 |  | 11,245
At 30 June 2025 | 156,906 |  | 121,513 |  | 83,566 |  | 361,985
Accumulated depreciation |  |  |  |  |  |  |
At 01 July 2024 | 119,709 |  | 105,233 |  | 50,693 |  | 275,635
Charge for the financial year | 8,422 |  | 3,635 |  | 7,339 |  | 19,396
At 30 June 2025 | 128,131 |  | 108,868 |  | 58,032 |  | 295,031
Net book value |  |  |  |  |  |  |
At 30 June 2025 | 28,775 |  | 12,645 |  | 25,534 |  | 66,954
At 30 June 2024 | 25,952 |  | 16,280 |  | 32,873 |  | 75,105

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 54,350 |  | 55,008

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 29,695 |  | 0
S455 | 95,141 |  | 81,195
Other debtors | 292,427 |  | 251,942
| 417,263 |  | 333,137

Included in other debtors is £290,598 (2024: £249,276) owed by the director. This balance is unsecured and repayable on demand. Interest has been charged at the official rate.

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 1,838 |  | 20,985
Less: Bank overdrafts | 0 |  | ( 22,360)
| 1,838 |  | (1,375)

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 10,000 |  | 32,360
Trade creditors | 57,876 |  | 19,139
Taxation and social security | 93,878 |  | 65,066
Other creditors | 158,986 |  | 125,098
| 320,740 |  | 241,663

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 16,758 |  | 18,032

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 14,151) |  | ( 17,666)
Credited to the Statement of Income and Retained Earnings | 613 |  | 3,515
At the end of financial year | ( 13,538) |  | ( 14,151)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 13,629) |  | ( 14,368)
Other timing differences | 91 |  | 217
| ( 13,538) |  | ( 14,151)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 11. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 365 |  | 375