Company registration number 10414963 (England and Wales)
Sing&K Ltd.
Unaudited
financial statements
for the year ended 31 August 2023
PAGES FOR FILING WITH REGISTRAR
Sing&K Ltd.
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Sing&K Ltd.
Statement of financial position
as at 31 August 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
58,184
34,961
Current assets
Stocks
20,000
18,000
Debtors
133,439
1,947
Cash at bank and in hand
57,662
125,561
211,101
145,508
Creditors: amounts falling due within one year
(374,787)
(125,488)
Net current (liabilities)/assets
(163,686)
20,020
Net (liabilities)/assets
(105,502)
54,981
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(105,503)
54,980
Total equity
(105,502)
54,981

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
S Ly
Director
Company registration number 10414963 (England and Wales)
Sing&K Ltd.
Notes to the Financial Statements
for the year ended 31 August 2023
- 2 -
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

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 and other sales related taxes.

 

Turnover is recognised when the goods have been provided 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:

Plant and equipment
15% Reducing Balance
Fixtures and fittings
15% Reducing Balance
Computers
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Stocks

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

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.

Retirement benefits

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

2
Employees

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

2023
2022
Number
Number
Total
28
19
Sing&K Ltd.
Notes to the Financial Statements (continued)
for the year ended 31 August 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2022
3,228
10,528
5,070
20,199
39,025
Additions
-
0
14,150
692
18,100
32,942
At 31 August 2023
3,228
24,678
5,762
38,299
71,967
Depreciation and impairment
At 1 September 2022
571
654
728
2,111
4,064
Depreciation charged in the year
407
2,536
746
6,030
9,719
At 31 August 2023
978
3,190
1,474
8,141
13,783
Carrying amount
At 31 August 2023
2,250
21,488
4,288
30,158
58,184
At 31 August 2022
2,657
9,874
4,342
18,088
34,961
4
Company information

Sing&K Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 30-36 Cross Stamford Street, Leeds, West Yorkshire, England, LS7 1BA.

2023-08-312022-09-01false29 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityS LyS Lyfalse104149632022-09-012023-08-31104149632023-08-31104149632022-08-3110414963core:PlantMachinery2023-08-3110414963core:FurnitureFittings2023-08-3110414963core:ComputerEquipment2023-08-3110414963core:MotorVehicles2023-08-3110414963core:PlantMachinery2022-08-3110414963core:FurnitureFittings2022-08-3110414963core:ComputerEquipment2022-08-3110414963core:MotorVehicles2022-08-3110414963core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3110414963core:CurrentFinancialInstrumentscore:WithinOneYear2022-08-3110414963core:ShareCapital2023-08-3110414963core:ShareCapital2022-08-3110414963core:RetainedEarningsAccumulatedLosses2023-08-3110414963core:RetainedEarningsAccumulatedLosses2022-08-3110414963bus:CompanySecretaryDirector12022-09-012023-08-3110414963core:PlantMachinery2022-09-012023-08-3110414963core:FurnitureFittings2022-09-012023-08-3110414963core:ComputerEquipment2022-09-012023-08-3110414963core:MotorVehicles2022-09-012023-08-31104149632021-09-012022-08-3110414963core:PlantMachinery2022-08-3110414963core:FurnitureFittings2022-08-3110414963core:ComputerEquipment2022-08-3110414963core:MotorVehicles2022-08-31104149632022-08-3110414963bus:PrivateLimitedCompanyLtd2022-09-012023-08-3110414963bus:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110414963bus:FRS1022022-09-012023-08-3110414963bus:AuditExemptWithAccountantsReport2022-09-012023-08-3110414963bus:Director12022-09-012023-08-3110414963bus:CompanySecretary12022-09-012023-08-3110414963bus:FullAccounts2022-09-012023-08-31xbrli:purexbrli:sharesiso4217:GBP