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REGISTERED NUMBER: 04143228 (England and Wales)


Financial Statements for the Year Ended 31 January 2023

for

T. Singh Limited

T. Singh Limited (Registered number: 04143228)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T. Singh Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr Gurdeep Singh
Mr Tirath Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 04143228 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

T. Singh Limited (Registered number: 04143228)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 19,410 23,068

CURRENT ASSETS
Inventories 82,569 81,068
Debtors 5 5,483 5,392
Cash at bank and in hand 15,520 26,297
103,572 112,757
CREDITORS
Amounts falling due within one year 6 103,260 56,647
NET CURRENT ASSETS 312 56,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,722

79,178

CREDITORS
Amounts falling due after more than one
year

7

12,593

67,937
NET ASSETS 7,129 11,241

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 7,125 11,237
SHAREHOLDERS' FUNDS 7,129 11,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

T. Singh Limited (Registered number: 04143228)

Statement of Financial Position - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mr Gurdeep Singh - Director


T. Singh Limited (Registered number: 04143228)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

T. Singh 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net value of goods sold, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2022 354,886
Additions 2,811
At 31 January 2023 357,697
DEPRECIATION
At 1 February 2022 331,818
Charge for year 6,469
At 31 January 2023 338,287
NET BOOK VALUE
At 31 January 2023 19,410
At 31 January 2022 23,068

T. Singh Limited (Registered number: 04143228)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 4,337 4,872
Other debtors 1,146 520
5,483 5,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 80,466 37,761
Taxation and social security 14,317 8,634
Other creditors 8,477 10,252
103,260 56,647

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 48,148
Hire purchase contracts 12,593 19,789
12,593 67,937

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
4 Ordinary £1 4 4

9. RELATED PARTY DISCLOSURES

Company has to pay Rent of £40,000 (£40,000: 2022) to the Director's, viz Mr T Singh & Mr G Singh for use of property at 5-7 Solitaire Avenue, Worcester, WR2 5PP.

Company has to pay Rent of £15,000 (£15,000: 2022) to the Director's, viz Mr T Singh for use of property at 165 Oldbury Road.