Snowing Data Limited
Unaudited Abbreviated Accounts
For the year ended 30 June 2016
Company Registration No. 05092236 (England and Wales)
Snowing Data Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Snowing Data Limited
Abbreviated Balance Sheet
As at 30 June 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
49
73
Current assets
Debtors
10,617
19,449
10,617
19,449
Creditors: amounts falling due within one year
3
(14,433)
(20,106)
Net current liabilities
(3,816)
(657)
Total assets less current liabilities
(3,767)
(584)
Capital and reserves
Called up share capital
4
1,000
1,000
Profit and loss account
(4,767)
(1,584)
Shareholders' funds
(3,767)
(584)
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit.
The director acknowledges his 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 for issue on 15 March 2017
A.M. Burrows
Director
Company Registration No. 05092236
Snowing Data Limited
Notes to the Abbreviated Accounts
For the year ended 30 June 2016
Page 2
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33.3% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
2,810
Depreciation
At 1 July 2015
2,737
Charge for the year
24
At 30 June 2016
2,761
Net book value
At 30 June 2016
49
At 30 June 2015
73
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £13,683 (2015 - £19,356).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary Shares of £1 each
1,000
1,000
Snowing Data Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 30 June 2016
Page 3
5
Transactions with directors
Included within other debtors are amounts due from the director, A.M. Burrows of £
7,478
(
2015: £10,829
). Interest at
the HMRC official rates of
3
%
(2015: 3.25%) per annum
amounting to £
249
(201
5
: £
830
) was charged on this loan during the
period
.
6
Control
The ultimate controlling party is the director and sole shareholder, A.M. Burrows.