Snapp Automotive Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13863468

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,673		2,372

			1,673		2,372
CURRENT ASSETS
Stocks		37,487		55,238
Debtors	5	209,950		137,385
Cash at bank and in hand		110,370		105,626

		357,807		298,249
Creditors: Amounts Falling Due Within One Year	6	(246,923 )		(176,189 )

NET CURRENT ASSETS (LIABILITIES)			110,884		122,060

TOTAL ASSETS LESS CURRENT LIABILITIES			112,557		124,432

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(418 )		-

NET ASSETS			112,139		124,432

CAPITAL AND RESERVES
Called up share capital	8		700		1,000
Other reserves			(77,952 )		-
Profit and Loss Account			189,391		123,432

SHAREHOLDERS' FUNDS			112,139		124,432

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Snapp Automotive Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Jasper Morgan

Director

27th October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Snapp Automotive Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13863468 . The registered office is 16 Blackfriars Street, Manchester, United Kingdom, M3 5BQ.

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:

Computer Equipment

25% Straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Snapp Automotive Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Work in Progress

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: 2 (2025: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 February 2025	2,796

As at 31 January 2026	2,796

Depreciation
As at 1 February 2025	424
Provided during the period	699

As at 31 January 2026	1,123

Net Book Value
As at 31 January 2026	1,673

As at 1 February 2025	2,372

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	184,114	131,667
Prepayments and accrued income	224	-
Other debtors	3,387	-
Corporation tax recoverable assets	18,877	-
VAT	3,080	5,654
Director's loan account	-	64
Amounts owed by group undertakings	268	-

	209,950	137,385

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	164,977	140,042
Bank loans and overdrafts	-	9,732
Corporation tax	15,945	20,726
Other taxes and social security	5,353	-
Other creditors	5,681	5,689

...CONTINUED

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Snapp Automotive Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Accruals and deferred income	44,934	-
Director's loan account	33	-
Amounts owed to group undertakings	10,000	-

	246,923	176,189

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	418	-

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	700	1,000

9. Related Party Transactions

Jasper Morgan is a director and shareholder of Snapp Automotive Ltd . During the year, Snapp Automotive Ltd entered into commercial transactions with the following entities controlled or significantly influenced by Jasper Morgan:

Snapp Mobile GmbH (25%–50% owned by Jasper Morgan)

During the year, Snapp Automotive Ltd received supplier invoices from Snapp Mobile GmbH totaling £250,849.96. At the balance sheet date, the trade balance outstanding was £94,679.89.

Snapp Systems (100% owned by Jasper Morgan)

Supplier Invoices: During the year, Snapp Automotive Ltd received supplier invoices from Snapp Systems totaling £75,340.91. At the balance sheet date, the trade balance outstanding was £8,490.95.

Intercompany Loan: At the balance sheet date, Snapp Systems owed a loan balance of £267.60 to Snapp Automotive Ltd .

Modelligo (>90% owned by Jasper Morgan)

During the year, Snapp Automotive Ltd received supplier invoices from Modelligo totaling £38,836.70. At the balance sheet date, the trade balance outstanding was £1,731.17.

Lumin Consulting Ltd. (25%–50% owned by Jasper Morgan)

Intercompany Loan: At the balance sheet date, Snapp Automotive Ltd owed a loan balance of £10,000.00 to Lumin Consulting Ltd.

We Are Systematic (50%–75% owned by Jasper Morgan)

During the year, Snapp Automotive Ltd received supplier invoices from We Are Systematic totaling £8,503.52. At the balance sheet date, the trade balance outstanding was £0.00.

Snapp X GmbH (25%–50% owned by Jasper Morgan) had no transactions or outstanding balances with Snapp Automotive Ltd during the financial year.

Circle Systems (50% owned by Jasper Morgan) had no transactions or outstanding balances with Snapp Automotive Ltd during the financial year.

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