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
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
Single Variety Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
93,591
131,080
Cash at bank and in hand
99
193
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)
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
Single Variety Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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:
Fixtures & fittings
5 years
Computer equipment
3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
33,172
40,015
- Motor vehicles
15,833
25,333
Amounts falling due within one year
Trade debtors
38,713
22,612
Accrued income and prepayments
12,084
-
Other debtors
22,650
22,650
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
8
Creditors: amounts falling due after more than one year
2023
2022
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).