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Company Registration No. 10656726 (England and Wales)
Single Variety Ltd Unaudited accounts for the year ended 31 March 2023
Single Variety Ltd Unaudited accounts Contents
Page
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Single Variety Ltd Company Information for the year ended 31 March 2023
Director
Nicola Margaret Julia Simons
Company Number
10656726 (England and Wales)
Registered Office
Unit 5 Warmley Business Park Crown Way, Warmley Bristol BS30 8FR England
Accountants
Bethan Davies 8 Clifton Park Road BRISTOL BS8 3HL
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Single Variety Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
196 
261 
Tangible assets
93,591 
131,080 
93,787 
131,341 
Current assets
Inventories
36,065 
33,334 
Debtors
79,406 
49,754 
Cash at bank and in hand
99 
193 
115,570 
83,281 
Creditors: amounts falling due within one year
(231,529)
(202,523)
Net current liabilities
(115,959)
(119,242)
Total assets less current liabilities
(22,172)
12,099 
Creditors: amounts falling due after more than one year
(50,229)
(61,800)
Net liabilities
(72,401)
(49,701)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(72,402)
(49,702)
Shareholders' funds
(72,401)
(49,701)
For the year ending 31 March 2023 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 her 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 2 November 2023 and were signed on its behalf by
Nicola Margaret Julia Simons Director Company Registration No. 10656726
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Single Variety Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Single Variety Ltd is a private company, limited by shares, registered in England and Wales, registration number 10656726. The registered office is Unit 5 Warmley Business Park, Crown Way, Warmley, Bristol, BS30 8FR, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 years
Motor vehicles
3 years
Fixtures & fittings
5 years
Computer equipment
3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
326 
At 31 March 2023
326 
Amortisation
At 1 April 2022
65 
Charge for the year
65 
At 31 March 2023
130 
Net book value
At 31 March 2023
196 
At 31 March 2022
261 
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Single Variety Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
61,602 
28,500 
73,078 
2,041 
165,221 
Additions
1,027 
- 
5,910 
2,031 
8,968 
Disposals
(8,500)
- 
- 
(350)
(8,850)
At 31 March 2023
54,129 
28,500 
78,988 
3,722 
165,339 
Depreciation
At 1 April 2022
10,406 
3,167 
19,334 
1,234 
34,141 
Charge for the year
10,709 
9,500 
19,661 
1,062 
40,932 
On disposals
(2,975)
- 
- 
(350)
(3,325)
At 31 March 2023
18,140 
12,667 
38,995 
1,946 
71,748 
Net book value
At 31 March 2023
35,989 
15,833 
39,993 
1,776 
93,591 
At 31 March 2022
51,196 
25,333 
53,744 
807 
131,080 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
33,172 
40,015 
- Motor vehicles
15,833 
25,333 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,959 
4,492 
Trade debtors
38,713 
22,612 
Accrued income and prepayments
12,084 
- 
Other debtors
22,650 
22,650 
79,406 
49,754 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,087 
24,948 
Obligations under finance leases and hire purchase contracts
41,223 
54,874 
Trade creditors
50,827 
27,364 
Taxes and social security
2,884 
6,943 
Other creditors
20,239 
1,911 
Loans from directors
92,269 
86,483 
231,529 
202,523 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,229 
61,800 
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Single Variety Ltd Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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