Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08827058 Mr Sunmeet Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08827058 2022-12-31 08827058 2023-12-31 08827058 2023-01-01 2023-12-31 08827058 frs-core:Non-currentFinancialInstruments 2023-12-31 08827058 frs-core:ShareCapital 2023-12-31 08827058 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08827058 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08827058 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08827058 frs-bus:SmallEntities 2023-01-01 2023-12-31 08827058 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08827058 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08827058 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08827058 frs-bus:OrdinaryShareClass1 2023-12-31 08827058 frs-bus:Director1 2023-01-01 2023-12-31 08827058 frs-countries:EnglandWales 2023-01-01 2023-12-31 08827058 2021-12-31 08827058 2022-12-31 08827058 2022-01-01 2022-12-31 08827058 frs-core:Non-currentFinancialInstruments 2022-12-31 08827058 frs-core:ShareCapital 2022-12-31 08827058 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08827058 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 08827058
SINGH CASH AND CARRY LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 08827058
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 8,594 10,742
8,594 10,742
CURRENT ASSETS
Stocks 568,650 501,400
Debtors 267,000 107,000
Cash at bank and in hand 547 774
836,197 609,174
Creditors: Amounts Falling Due Within One Year (639,625 ) (440,470 )
NET CURRENT ASSETS (LIABILITIES) 196,572 168,704
TOTAL ASSETS LESS CURRENT LIABILITIES 205,166 179,446
Creditors: Amounts Falling Due After More Than One Year (39,811 ) (40,583 )
NET ASSETS 165,355 138,863
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account 165,255 138,763
SHAREHOLDERS' FUNDS 165,355 138,863
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sunmeet Singh
Director
12th September 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SINGH CASH AND CARRY LIMITED Registered number 08827058 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Park Crescent, Abergavenny, Wales , NP7 5TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 2
Sales, marketing and distribution 2 5
3 7
4. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 3