Snigwig_Ltd_30_Jun_2025_companies_house_set_of

Snigwig Limited

Statement of Financial Position

30 June 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	1,589		1,182
Current assets
Stocks		335,349		467,670
Cash at bank and in hand		182,748		66,259
		518,097		533,929
Creditors: amounts falling due within one year	6	(139,179	)	(109,569	)
Net current assets		378,918		424,360
Total assets less current liabilities		380,507		425,542
Creditors: amounts falling due after more than one year	7	-		(9,167	)
Net assets		380,507		416,375
Capital and reserves
Called up share capital		100		100
Profit and loss account		380,407		416,275
Shareholders funds		380,507		416,375

For the 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.

Directors' responsibilities:

The members have 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 Act 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

13 November 2025

, and are signed on behalf of the board by:

Mr K English

Director

Company registration number:

06269941

Snigwig Limited

Notes to the Financial Statements

Year ended

30 June 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

44 Kirkgate

Ripon

North Yorkshire

HG4 1PB

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	33% straight line
Fixtures, fittings and equipment	33% straight line
Motor vehicles	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

4.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 July 2024	17,275
Additions	1,498
At 30 June 2025	18,773
Depreciation
At 1 July 2024	16,093
Charge	1,091
At 30 June 2025	17,184
Carrying amount
At 30 June 2025	1,589
At 30 June 2024	1,182

6 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,167	10,000
Trade creditors	5,019	1,770
Taxation and social security	16,003	18,867
Other creditors	108,990	78,932
	139,179	109,569

7 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	-		9,167