Snap International Limited - Accounts to registrar (filleted) - small 22.3

SNAP INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 04127372

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Snap International Limited

Page

Company Information

Abridged Statement of Financial Position

Notes to the Financial Statements

DIRECTORS:

Dr S Nathan

Mrs J Nathan

SECRETARY:

Dr S Nathan

REGISTERED OFFICE:

Suite 8

103 Harley Street

London

W1G 6AJ

REGISTERED NUMBER:

04127372

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

2,603

3,270

CURRENT ASSETS

Debtors

72,323

76,541

Cash at bank

486

658

72,809

77,199

CREDITORS

Amounts falling due within one year

19,407

28,884

NET CURRENT ASSETS

53,402

48,315

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,005

51,585

CREDITORS

Amounts falling due after more than one year

(20,563

)

(25,000

)

PROVISIONS FOR LIABILITIES

(303

)

(264

)

NET ASSETS

35,139

26,321

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

35,039

26,221

SHAREHOLDERS' FUNDS

35,139

26,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2023 and were signed on its behalf by:

Dr S Nathan - Director

1.	STATUTORY INFORMATION

Snap International Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

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

Fixtures & fittings

25% on reducing balance

Office equipment

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 April 2021

and 31 March 2022

43,540

DEPRECIATION

At 1 April 2021

40,270

Charge for year

667

At 31 March 2022

40,937

NET BOOK VALUE

At 31 March 2022

2,603

At 31 March 2021

3,270

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.3.22

31.3.21

Repayable by instalments

Bank loans

20,563

25,000

6.	PROVISIONS FOR LIABILITIES

31.3.22

31.3.21

Deferred tax

Accelerated capital allowances

303

264

Deferred

tax

Balance at 1 April 2021

264

Provided during year

Balance at 31 March 2022

303

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

10,000

Ordinary

0.01

100

RESERVES

Retained

earnings

At 1 April 2021

26,221

Profit for the year

8,818

At 31 March 2022

35,039

9.	RELATED PARTY DISCLOSURES

The balance outstanding from SNJ (UK) Ltd, of which Mr S Nathan & Mrs J Nathan are controlling directors, is £57,755 (2021 - £61,973) at the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are the directors, Dr S.Nathan & Mrs J.Nathan, by virtue of their 100% holding of the issued ordinary share capital.