Company Registration No. 06524349 (England and Wales)
M.N. SINGH LIMITED
Unaudited accounts
for the year ended 31 May 2023
M.N. SINGH LIMITED
Unaudited accounts
Contents
M.N. SINGH LIMITED
Company Information
for the year ended 31 May 2023
Directors
M N Singh
Mrs B Kaur
B Singh
G Singh
G Singh
Company Number
06524349 (England and Wales)
Registered Office
46 Eltham Road
West Bridgford
Nottingham
NG2 5JN
Accountants
Bob Stevens Management Ltd
46 Eltham Road
West Bridgford
Nottingham,
NG7 6LB
M.N. SINGH LIMITED
Statement of financial position
as at 31 May 2023
Intangible assets
375,000
450,000
Tangible assets
110,989
95,190
Inventories
103,756
72,521
Cash at bank and in hand
655,078
908,462
Creditors: amounts falling due within one year
(299,942)
(405,820)
Net current assets
717,929
757,532
Total assets less current liabilities
1,203,918
1,302,722
Provisions for liabilities
Deferred tax
(17,519)
(17,519)
Net assets
1,186,399
1,285,203
Called up share capital
100
100
Profit and loss account
1,186,299
1,285,103
Shareholders' funds
1,186,399
1,285,203
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 17 August 2023 and were signed on its behalf by
M N Singh
Director
Company Registration No. 06524349
M.N. SINGH LIMITED
Notes to the Accounts
for the year ended 31 May 2023
M.N. SINGH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06524349. The registered office is 46 Eltham Road, West Bridgford, Nottingham, NG2 5JN.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
75,000
M.N. SINGH LIMITED
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
22,825
16,173
270,735
309,733
Additions
-
-
47,096
47,096
At 31 May 2023
22,825
16,173
317,831
356,829
At 1 June 2022
21,771
14,014
178,758
214,543
Charge for the year
263
540
30,494
31,297
At 31 May 2023
22,034
14,554
209,252
245,840
At 31 May 2023
791
1,619
108,579
110,989
At 31 May 2022
1,054
2,159
91,977
95,190
Amounts falling due within one year
Trade debtors
249,037
182,369
Amounts falling due after more than one year
Amounts due from group undertakings etc.
10,000
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
234,762
295,644
Taxes and social security
33,887
42,892
Loans from directors
57,669
62,183
8
Average number of employees
During the year the average number of employees was 13 (2022: 14).