SNABA Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: SC287286

SNABA Limited

Filleted Unaudited Financial Statements

31 July 2019

SNABA Limited

Statement of Financial Position

31 July 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	4	49,135	50,000
Cash at bank and in hand		23	3
		--------	--------
		49,158	50,003

Creditors: amounts falling due within one year	5	30,135		30,100
		--------		--------
Net current assets			19,023	19,903
			--------	--------
Total assets less current liabilities			19,023	19,903
			--------	--------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	( 977)	( 97)
	--------	--------
Shareholders funds	19,023	19,903
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- 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 financial statements were approved by the board of directors and authorised for issue on 25 March 2020 , and are signed on behalf of the board by:

Alan L Dand
Director

Company registration number: SC287286

SNABA Limited

Notes to the Financial Statements

Year ended 31 July 2019

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Spalding House, 90-92 Queen Street, Broughty Ferry, Dundee, DD5 1AJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Debtors

	2019	2018
	£	£
Other debtors	49,135	50,000
	--------	--------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Other creditors	30,135	30,100
	--------	--------

6. Related party transactions

The company was under the control of Mr Alan Dand throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.