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REGISTERED NUMBER: 12339869 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

SINFIELD POWER SERVICES LTD

SINFIELD POWER SERVICES LTD (REGISTERED NUMBER: 12339869)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SINFIELD POWER SERVICES LTD

Company Information
for the year ended 30 November 2023







Directors: Mr B D Sinfield
Mrs L Sinfield





Registered office: 21/23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 12339869 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SINFIELD POWER SERVICES LTD (REGISTERED NUMBER: 12339869)

Statement of Financial Position
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 45,670 9,145

Current assets
Debtors 5 1,385 145
Cash at bank 9,561 7,260
10,946 7,405
Creditors
Amounts falling due within one year 6 16,236 15,360
Net current liabilities (5,290 ) (7,955 )
Total assets less current liabilities 40,380 1,190

Creditors
Amounts falling due after more than one year 7 (19,822 ) -

Provisions for liabilities (8,677 ) (32 )
Net assets 11,881 1,158

Capital and reserves
Called up share capital 8 102 102
Retained earnings 9 11,779 1,056
Shareholders' funds 11,881 1,158

SINFIELD POWER SERVICES LTD (REGISTERED NUMBER: 12339869)

Statement of Financial Position - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 8 February 2024 and were signed on its behalf by:





Mrs L Sinfield - Director


SINFIELD POWER SERVICES LTD (REGISTERED NUMBER: 12339869)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Sinfield Power Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Computer equipment - Straight line over 3 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

SINFIELD POWER SERVICES LTD (REGISTERED NUMBER: 12339869)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 December 2022 10,644 - 1,273 11,917
Additions - 45,801 1,302 47,103
At 30 November 2023 10,644 45,801 2,575 59,020
Depreciation
At 1 December 2022 1,543 - 1,229 2,772
Charge for year 1,372 9,146 60 10,578
At 30 November 2023 2,915 9,146 1,289 13,350
Net book value
At 30 November 2023 7,729 36,655 1,286 45,670
At 30 November 2022 9,101 - 44 9,145

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 145 145
Prepayments 1,240 -
1,385 145

6. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts 6,099 -
Corporation tax 1,644 2,640
Social security and other taxes - 521
Other creditors 1,649 1,771
Directors' current accounts 6,844 10,428
16,236 15,360

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts 19,822 -

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
102 Share capital £1 102 102

SINFIELD POWER SERVICES LTD (REGISTERED NUMBER: 12339869)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


9. Reserves
Retained
earnings
£

At 1 December 2022 1,056
Profit for the year 33,723
Dividends (23,000 )
At 30 November 2023 11,779