S N Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02920465 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

S N Design Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J A Gifford

S Nesbitt

SECRETARY:

S Nesbitt

REGISTERED OFFICE:

111 High St

Brightlingsea

Colchester

CO7 0EG

REGISTERED NUMBER:

02920465 (England and Wales)

ACCOUNTANTS:

Derek Young & Co Accountants LLP

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Tangible assets

4

884,413

501,574

CURRENT ASSETS

Debtors

-

10,149

Cash at bank

69,676

95,707

69,676

105,856

CREDITORS

Amounts falling due within one year

107,858

131,160

NET CURRENT LIABILITIES

(38,182

)

(25,304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

846,231

476,270

CAPITAL AND RESERVES

Called up share capital

5

4

4

Revaluation reserve

6

487,813

84,121

Retained earnings

358,414

392,145

SHAREHOLDERS' FUNDS

846,231

476,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 18 December 2018 and were signed on its behalf by:

S Nesbitt - Director

1.	STATUTORY INFORMATION

S N Design Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Tangible fixed assets

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

Freehold property

-

2% on cost

Equipment

-

15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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 balance sheet date.

Deferred tax

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

sheet 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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2017

1,070,470

Additions

444

At 31 March 2018

1,070,914

DEPRECIATION

At 1 April 2017

165,204

Charge for year

21,297

At 31 March 2018

186,501

NET BOOK VALUE

At 31 March 2018

884,413

At 31 March 2017

905,266

Cost or valuation at 31 March 2018 is represented by:

Totals

£

Valuation in 2003

84,121

Valuation in 2018

403,692

Cost

583,101

1,070,914

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

4

Share capital 1

£1

4

4

6.

RESERVES

Revaluation

reserve

£

At 1 April 2017

84,121

Revaluation of freehold property

403,692

At 31 March 2018

487,813

7.	ULTIMATE CONTROLLING PARTY