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REGISTERED NUMBER: 07858183 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Singh and Shout Ltd

Singh and Shout Ltd (Registered number: 07858183)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Singh and Shout Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B S Mann
G E Woznica





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 07858183 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Singh and Shout Ltd (Registered number: 07858183)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 706,184 573,479

CURRENT ASSETS
Debtors 5 247,923 269,277
Cash at bank and in hand 1,332 41,615
249,255 310,892
CREDITORS
Amounts falling due within one year 6 363,627 332,166
NET CURRENT LIABILITIES (114,372 ) (21,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,812

552,205

CREDITORS
Amounts falling due after more than one
year

7

(287,083

)

(273,170

)

PROVISIONS FOR LIABILITIES (129,705 ) (104,645 )
NET ASSETS 175,024 174,390

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 8 47,416 47,416
Retained earnings 8 127,408 126,774
175,024 174,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Singh and Shout Ltd (Registered number: 07858183)

Statement of Financial Position - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2024 and were signed on its behalf by:




B S Mann - Director



G E Woznica - Director


Singh and Shout Ltd (Registered number: 07858183)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Singh and Shout Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Singh and Shout Ltd (Registered number: 07858183)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,268,008 25,863 153,381 - 1,447,252
Additions 224,022 829 - 10,182 235,033
Disposals - - (41,779 ) - (41,779 )
At 31 December 2023 1,492,030 26,692 111,602 10,182 1,640,506
DEPRECIATION
At 1 January 2023 785,786 20,060 67,927 - 873,773
Charge for year 64,046 643 5,412 893 70,994
Eliminated on disposal - - (10,445 ) - (10,445 )
At 31 December 2023 849,832 20,703 62,894 893 934,322
NET BOOK VALUE
At 31 December 2023 642,198 5,989 48,708 9,289 706,184
At 31 December 2022 482,222 5,803 85,454 - 573,479

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 326,441 59,573 386,014
DEPRECIATION
At 1 January 2023
and 31 December 2023 245,225 23,688 268,913
NET BOOK VALUE
At 31 December 2023 81,216 35,885 117,101
At 31 December 2022 81,216 35,885 117,101

Singh and Shout Ltd (Registered number: 07858183)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 143,684 268,334
Other debtors 104,239 943
247,923 269,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,354 -
Hire purchase contracts 106,249 123,149
Trade creditors 125,772 69,109
Taxation and social security 81,693 117,197
Other creditors 46,559 22,711
363,627 332,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 36,458 53,958
Hire purchase contracts 246,632 219,212
Other creditors 3,993 -
287,083 273,170

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 126,774 47,416 174,190
Profit for the year 634 634
At 31 December 2023 127,408 47,416 174,824