Company Registration No. 05066212 (England and Wales)
Sink Ltd
Unaudited accounts
for the year ended 31 December 2023
Sink Ltd
Unaudited accounts
Contents
Sink Ltd
Company Information
for the year ended 31 December 2023
Company Number
05066212 (England and Wales)
Registered Office
10 Bahama Road
Haydock
WA11 9XB
Accountants
Accountancy Value Ltd
47 Manston Road, Penketh
Warrington
Cheshire
WA5 2HS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Sink Ltd
for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sink Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Sink Ltd, as a body, in accordance with the terms of our engagement letter dated 23 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Sink Ltd and state those matters that we have agreed to state to the Board of Directors of Sink Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sink Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sink Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sink Ltd. You consider that Sink Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sink Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accountancy Value Ltd
Member in Practice
47 Manston Road, Penketh
Warrington
Cheshire
WA5 2HS
12 March 2024
Sink Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
51,437
34,046
Cash at bank and in hand
53,681
93,234
Creditors: amounts falling due within one year
(60,752)
(81,728)
Net current assets
207,148
234,167
Total assets less current liabilities
258,585
268,213
Provisions for liabilities
Other provisions
(27,000)
-
Net assets
231,585
268,213
Called up share capital
100
100
Profit and loss account
231,485
268,113
Shareholders' funds
231,585
268,213
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 14 March 2024 and were signed on its behalf by
Sarah Singleton
Director
Company Registration No. 05066212
Sink Ltd
Notes to the Accounts
for the year ended 31 December 2023
Sink Ltd is a private company, limited by shares, registered in England and Wales, registration number 05066212. The registered office is 10 Bahama Road, Haydock, WA11 9XB.
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
10% straight line
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
362,622
24,205
18,033
404,860
Additions
28,864
-
-
28,864
At 31 December 2023
391,486
24,205
18,033
433,724
At 1 January 2023
353,006
(225)
18,033
370,814
Charge for the year
3,812
7,661
-
11,473
At 31 December 2023
356,818
7,436
18,033
382,287
At 31 December 2023
34,668
16,769
-
51,437
At 31 December 2022
9,616
24,430
-
34,046
Amounts falling due within one year
Trade debtors
183,977
182,850
Sink Ltd
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
35,910
34,173
Taxes and social security
8,761
13,901
7
Provisions for liabilities
£
Additional provisions made during the period
27,000
At 31 December 2023
27,000
The business has a contract dispute with it's energy provider. The provider is claiming an amount for consumption not billed. There is considerable uncertainty has to the value of any claim but as a result the business has provided towards the upper end of the claim value.
8
Average number of employees
During the year the average number of employees was 9 (2022: 8).