Snap Edition Limited,Ltd - Accounts

SNAP EDITION LIMITED - Company Information

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Snap Edition Limited

For the year ended 30 April 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07604107

Contents Page

Snap Edition Limited

For the year ended 30 April 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Snap Edition Limited

Chartered Accountants' Report

For the year ended 30 April 2016

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Snap

Edition Limited for the year ended 30 April 2016 which comprise the Profit and Loss Account, Statement of Recognised

Gains and Losses, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and

other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Snap Edition Limited, as a body, in accordance with the terms of our

engagement letter dated 18 April 2016. Our work has been undertaken solely to prepare for your approval the accounts of Snap

Edition Limited and state those matters that we have agreed to state to the Board of Directors of Snap Edition Limited, as a

body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than Snap Edition Limited and its Board of Directors as a body for

our work or for this report.

It is your duty to ensure that Snap Edition Limited has kept adequate accounting records to prepare statutory accounts that give

a true and fair view of the assets, liabilities, financial position and loss of Snap Edition Limited. You consider that Snap

Edition Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Snap Edition Limited. For this reason, we have

not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and

we do not, therefore, express any opinion on the statutory accounts.

Marray & McIntyre

Chartered Accountants

Hawthorn House

1Medlicott Close

Corby

Northants

NN18 9NF

20 October 2016

Dated:

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Abbreviated Balance Sheet

Snap Edition Limited

As at 30 April 2016

07604107

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

420

626

420

626

Current assets

Debtors

135,032

9,593

Cash at bank and in hand

3,857

1,574

13,450

136,606

Creditors: amounts falling due within one year

(118,961)

(30,415)

17,645

(16,965)

Net current liabilities

Total assets less current liabilities

(16,545)

18,271

(85)

(126)

Provisions for liabilities

(16,630)

Net assets/liabilities

18,145

Capital and reserves

Called up share capital

100

Profit and loss account

(16,730)

18,045

(16,630)

18,145

Shareholders funds

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 20 October 2016

Gordon Hoise Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Snap Edition Limited

For the year ended 30 April 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the

shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

33 Reducing balance

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Notes to the Abbreviated Financial Statements

Snap Edition Limited

For the year ended 30 April 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

3,107

At 01 May 2015

At 30 April 2016

3,107

Depreciation

2,481

At 01 May 2015

206

Charge for year

2,687

At 30 April 2016

Net book values

At 30 April 2016

420

626

At 30 April 2015

3 Debtors:

All debtors are receivable within one year.

4 Share capital

Authorised

100 Ordinary shares of £1.00 each

Allotted called up and fully paid

2016

2015

100 Ordinary shares of £1.00 each

100

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