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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
Page
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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
Secretary
M N 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
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M.N. SINGH LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
375,000 
450,000 
Tangible assets
110,989 
95,190 
485,989 
545,190 
Current assets
Inventories
103,756 
72,521 
Debtors
259,037 
182,369 
Cash at bank and in hand
655,078 
908,462 
1,017,871 
1,163,352 
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 
Capital and reserves
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
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M.N. SINGH LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
1,500,000 
At 31 May 2023
1,500,000 
Amortisation
At 1 June 2022
1,050,000 
Charge for the year
75,000 
At 31 May 2023
1,125,000 
Net book value
At 31 May 2023
375,000 
At 31 May 2022
450,000 
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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 
Depreciation
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 
Net book value
At 31 May 2023
791 
1,619 
108,579 
110,989 
At 31 May 2022
1,054 
2,159 
91,977 
95,190 
6
Debtors
2023 
2022 
£ 
£ 
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 
£ 
£ 
VAT
(26,376)
- 
Trade creditors
234,762 
295,644 
Taxes and social security
33,887 
42,892 
Other creditors
- 
5,101 
Loans from directors
57,669 
62,183 
299,942 
405,820 
8
Average number of employees
During the year the average number of employees was 13 (2022: 14).
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