Company Registration No. 11378772 (England and Wales)
Snaseem Ltd
Unaudited accounts
for the year ended 31 May 2020
Snaseem Ltd
Unaudited accounts
Contents
Snaseem Ltd
Company Information
for the year ended 31 May 2020
Company Number
11378772 (England and Wales)
Registered Office
1 Downshall Avenue
Ilford
Essex
IG3 8NB
Snaseem Ltd
Statement of financial position
as at
31 May 2020
Tangible assets
27,228
36,573
Cash at bank and in hand
51,399
8,360
Creditors: amounts falling due within one year
(126,613)
(116,061)
Net current liabilities
(45,306)
(77,591)
Net liabilities
(18,078)
(41,018)
Called up share capital
1
1
Profit and loss account
(18,079)
(41,019)
Shareholders' funds
(18,078)
(41,018)
For the year ending 31 May 2020 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 in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2020 and were signed on its behalf by
Waqar Ahemd
Director
Company Registration No. 11378772
Snaseem Ltd
Notes to the Accounts
for the year ended 31 May 2020
Snaseem Ltd is a private company, limited by shares, registered in England and Wales, registration number 11378772. The registered office is 1 Downshall Avenue, Ilford, Essex, IG3 8NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2019
16,164
26,525
3,229
45,918
At 31 May 2020
16,164
26,525
3,229
45,918
At 1 June 2019
3,233
5,305
807
9,345
Charge for the year
3,233
5,305
807
9,345
At 31 May 2020
6,466
10,610
1,614
18,690
At 31 May 2020
9,698
15,915
1,615
27,228
At 31 May 2019
12,931
21,220
2,422
36,573
Finished goods
4,460
2,915
Snaseem Ltd
Notes to the Accounts
for the year ended 31 May 2020
Trade debtors
4,948
5,695
Accrued income and prepayments
8,000
9,000
Other debtors
12,500
12,500
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
11,634
7,855
Taxes and social security
21,314
9,514
Loans from directors
88,165
91,062
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).