REGISTERED NUMBER: 07817369 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Snug Rugs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs Z Barnett

Mr D J J Barnett

REGISTERED OFFICE:

Unit 17 & 18

Tavis House Business Centre

3 Hall Avenue

Ashford

Kent

TN24 0YY

REGISTERED NUMBER:

07817369 (England and Wales)

ACCOUNTANTS:

McLean Reid

Chartered Accountants

1 Forstal Road

Aylesford

Kent

ME20 7AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,677

3,735

2,677

3,735

CURRENT ASSETS

Stocks

463,000

354,469

Debtors

6

278,808

287,157

Cash at bank

214

7,172

742,022

648,798

CREDITORS

Amounts falling due within one year

7

577,532

500,011

NET CURRENT ASSETS

164,490

148,787

TOTAL ASSETS LESS CURRENT LIABILITIES

167,167

152,522

CREDITORS

Amounts falling due after more than one year

8

(125,471

)

(123,898

)

PROVISIONS FOR LIABILITIES

(670

)

(934

)

NET ASSETS

41,026

27,690

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

40,776

27,440

41,026

27,690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr D J J Barnett - Director

1.	STATUTORY INFORMATION

Snug Rugs Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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 Statement of Income and Retained Earnings.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

13,000

AMORTISATION

At 1 November 2024

and 31 October 2025

13,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

124,485

Additions

1,084

At 31 October 2025

125,569

DEPRECIATION

At 1 November 2024

120,750

Charge for year

2,142

At 31 October 2025

122,892

NET BOOK VALUE

At 31 October 2025

2,677

At 31 October 2024

3,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,595

1,769

Other debtors

263,213

285,388

278,808

287,157

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

48,455

48,804

Trade creditors

300,448

191,082

Taxation and social security

69,779

120,002

Other creditors

158,850

140,123

577,532

500,011

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

809

11,063

Other creditors

124,662

112,835

125,471

123,898

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr D J J Barnett

Balance outstanding at start of year

52,169

87,804

Amounts repaid

(1,290

)

(35,635

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,879

52,169

Mrs Z Barnett

Balance outstanding at start of year

52,169

87,805

Amounts repaid

(1,289

)

(35,636

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,880

52,169