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REGISTERED NUMBER: 06503243 (England and Wales)














Financial Statements

for the Year Ended 28 February 2018

for

Sing Faye Limited

Sing Faye Limited (Registered number: 06503243)

Contents of the Financial Statements
for the Year Ended 28 February 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sing Faye Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: Z N Zhu
Mrs P H Zhu





SECRETARY: Mrs P H Zhu





REGISTERED OFFICE: East Lancs Road
Carr Mill
St Helens
Merseyside
WA11 9AE





REGISTERED NUMBER: 06503243 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Sing Faye Limited (Registered number: 06503243)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,070 43,430

CURRENT ASSETS
Stocks 7,465 7,811
Debtors 5 1,927 2,375
Cash at bank and in hand 228,717 167,872
238,109 178,058
CREDITORS
Amounts falling due within one year 6 103,231 82,666
NET CURRENT ASSETS 134,878 95,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,948

138,822

CREDITORS
Amounts falling due after more than one
year

7

-

(3,582

)

PROVISIONS FOR LIABILITIES (770 ) (1,135 )
NET ASSETS 169,178 134,105

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 169,078 134,005
SHAREHOLDERS' FUNDS 169,178 134,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Sing Faye Limited (Registered number: 06503243)

Balance Sheet - continued
28 February 2018


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.

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

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:





Mrs P H Zhu - Director


Sing Faye Limited (Registered number: 06503243)

Notes to the Financial Statements
for the Year Ended 28 February 2018


1. STATUTORY INFORMATION

Sing Faye 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.

Turnover
Turnover represents the fair value of sales made to customers, less returns and VAT. Revenue is recognised at
the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings - 5% on cost
Plant & machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 15 ) .

Sing Faye Limited (Registered number: 06503243)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 March 2017
and 28 February 2018 50,000 15,000 147,919 212,919
DEPRECIATION
At 1 March 2017 30,000 10,254 129,235 169,489
Charge for year 2,500 1,187 4,673 8,360
At 28 February 2018 32,500 11,441 133,908 177,849
NET BOOK VALUE
At 28 February 2018 17,500 3,559 14,011 35,070
At 28 February 2017 20,000 4,746 18,684 43,430

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other debtors 1,927 2,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 3,514 7,247
Trade creditors 2,501 2,601
Taxation and social security 31,583 32,917
Other creditors 65,633 39,901
103,231 82,666

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans - 3,582

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.18 28.2.17
£    £   
Bank Loan - 10,829

The Lloyds TSB Bank Loan is secured by a personal guarantee made by the Director Mrs Pei Hui Zhu.

Sing Faye Limited (Registered number: 06503243)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018


9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary £1 100 100

10. CONTROLLING PARTY

The controlling party is Z N Zhu.