SNOWHILL_ENTERPRISES_LIMI - Accounts

SNOWHILL ENTERPRISES LIMITED - Company Information

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Company Registration No. 04504288 (England and Wales)

SNOWHILL ENTERPRISES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Registered Office

6th Floor, 94 Wigmore Street

29642-AX-2013

London W1U 3RF

SNOWHILL ENTERPRISES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Current assets

Debtors

4,234

Cash at bank and in hand

38,973

2,141

43,207

2,141

Creditors: amounts falling due within one year

(48,202)

(4,667)

Total assets less current liabilities

(4,995)

(2,526)

Capital and reserves

Called up share capital

Profit and loss account

(4,996)

(2,527)

Shareholders' funds

(4,995)

(2,526)

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 8 July 2014

W.R. Hawes

Director

Company Registration No. 04504288

SNOWHILL ENTERPRISES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.4

Foreign currency translation

The company's accounting records are maintained in Pounds Sterling.

Transactions in other currencies are converted at the rate ruling at the date of the transaction. Current assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.

Share capital

2013

2012

Allotted, called up and fully paid

Ordinary shares

The issued shares represent 1 ordinary share with a par value of £1 each.