Snell Bridge Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC440172 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Snell Bridge Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S A Robinson

REGISTERED OFFICE:

12B Oswald Road

Edinburgh

EH9 2HJ

REGISTERED NUMBER:

SC440172 (Scotland)

ACCOUNTANTS:

Anderson Ballantine

Hudson House

8 Albany Street

Edinburgh

EH1 3QB

FIXED ASSETS

Tangible assets

4

1,433

1,853

CURRENT ASSETS

Debtors

5

130

26,364

Cash at bank

120,300

142,482

120,430

168,846

CREDITORS

Amounts falling due within one year

6

1,100

24,014

NET CURRENT ASSETS

119,330

144,832

TOTAL ASSETS LESS CURRENT
LIABILITIES

120,763

146,685

PROVISIONS FOR LIABILITIES

272

352

NET ASSETS

120,491

146,333

CAPITAL AND RESERVES

Called up share capital

7

50,000

Retained earnings

8

70,491

96,333

SHAREHOLDERS' FUNDS

120,491

146,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 25 July 2019 and were signed by:

S A Robinson - Director

1.	STATUTORY INFORMATION

Snell Bridge Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding Value Added Tax, adjusted to recognise whether or

not the company has obtained the right to consideration.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

Payments to the director's personal pension scheme are charged to the profit and loss account in the year in

which they are made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

2,471

Additions

264

At 31 May 2019

2,735

DEPRECIATION

At 1 June 2018

618

Charge for year

684

At 31 May 2019

1,302

NET BOOK VALUE

At 31 May 2019

1,433

At 31 May 2018

1,853

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

Trade debtors

-

20,031

Other debtors

130

6,333

130

26,364

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

Taxation and social security

-

22,914

Other creditors

1,100

24,014

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

50,000

Ordinary

£1

50,000

8.

RESERVES

Retained

earnings

£

At 1 June 2018

96,333

Deficit for the year

(842

)

Dividends

(25,000

)

At 31 May 2019

70,491

Snell Bridge Limited - Accounts to registrar (filleted) - small 18.2

Snell Bridge Limited - Accounts to registrar (filleted) - small 18.2