Company registration number 12756424 (England and Wales)
Sing Sing (Cash Carry) Ltd
Unaudited
financial statements
for the year ended 31 August 2023
PAGES FOR FILING WITH REGISTRAR
Sing Sing (Cash Carry) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Sing Sing (Cash Carry) Ltd
Statement Of Financial Position
as at 31 August 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
144,529
65,045
Current assets
Stocks
204,963
200,000
Debtors
459,606
142,843
Cash at bank and in hand
347,426
307,725
1,011,995
650,568
Creditors: amounts falling due within one year
(494,534)
(337,212)
Net current assets
517,461
313,356
Total assets less current liabilities
661,990
378,401
Creditors: amounts falling due after more than one year
(23,750)
-
0
Provisions for liabilities
(17,619)
(12,027)
Net assets
620,621
366,374
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
620,620
366,373
Total equity
620,621
366,374
Sing Sing (Cash Carry) Ltd
Statement Of Financial Position (continued)
as at 31 August 2023
31 August 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 February 2024
Q T Ly
Director
Company Registration No. 12756424
Sing Sing (Cash Carry) Ltd
Notes to the financial statements
for the year ended 31 August 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the supply of goods to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Sing Sing (Cash Carry) Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2023
1
Accounting policies
(continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
29
21
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 September 2022
78,127
-
0
78,127
Additions
31,655
77,000
108,655
At 31 August 2023
109,782
77,000
186,782
Depreciation and impairment
At 1 September 2022
13,082
-
0
13,082
Depreciation charged in the year
14,733
14,438
29,171
At 31 August 2023
27,815
14,438
42,253
Carrying amount
At 31 August 2023
81,967
62,562
144,529
At 31 August 2022
65,045
-
0
65,045
4
Company information

Sing Sing (Cash Carry) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 30 Cross Stamford Street, Leeds, West Yorkshire, United Kingdom, LS7 1BA.

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