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Company Registration No. 04159114 (England and Wales)
Sinbar Associates Limited Unaudited accounts for the year ended 29 February 2024
Sinbar Associates Limited Unaudited accounts Contents
Page
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Sinbar Associates Limited Company Information for the year ended 29 February 2024
Director
J S Singh
Secretary
Mrs C Singh
Company Number
04159114 (England and Wales)
Registered Office
Unit 10 Forest Corner Farm Hangersley Ringwood Hampshire BH24 3JW
Accountants
M. Whittingham Limited Unit K2 Lion Works 543 Wallisdown Road Poole Dorset BH12 5AD
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Sinbar Associates Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,870 
18,201 
Investments
203,914 
203,914 
218,784 
222,115 
Current assets
Inventories
31,982 
1,704 
Debtors
511,287 
434,546 
Cash at bank and in hand
22,106 
141,021 
565,375 
577,271 
Creditors: amounts falling due within one year
(460,124)
(361,735)
Net current assets
105,251 
215,536 
Total assets less current liabilities
324,035 
437,651 
Creditors: amounts falling due after more than one year
(7,574)
(27,123)
Net assets
316,461 
410,528 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
316,361 
410,428 
Shareholders' funds
316,461 
410,528 
For the year ending 29 February 2024 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 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 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 28 November 2024 and were signed on its behalf by
J S Singh Director Company Registration No. 04159114
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Sinbar Associates Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sinbar Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 04159114. The registered office is Unit 10 Forest Corner Farm, Hangersley, Ringwood, Hampshire, BH24 3JW.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Sinbar Associates Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
24,591 
18,995 
8,851 
52,437 
Additions
- 
- 
136 
136 
At 29 February 2024
24,591 
18,995 
8,987 
52,573 
Depreciation
At 1 March 2023
18,850 
8,129 
7,257 
34,236 
Charge for the year
861 
2,173 
433 
3,467 
At 29 February 2024
19,711 
10,302 
7,690 
37,703 
Net book value
At 29 February 2024
4,880 
8,693 
1,297 
14,870 
At 28 February 2023
5,741 
10,866 
1,594 
18,201 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2023
203,914 
Valuation at 29 February 2024
203,914 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
67,265 
49,818 
Trade debtors
428,970 
381,935 
Accrued income and prepayments
1,111 
1,902 
Other debtors
13,941 
891 
511,287 
434,546 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,750 
18,750 
Obligations under finance leases and hire purchase contracts
1,499 
1,499 
Trade creditors
414,428 
319,132 
Taxes and social security
13,279 
15,211 
Other creditors
387 
2,900 
Accruals
11,781 
4,243 
460,124 
361,735 
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Sinbar Associates Limited Notes to the Accounts for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,950 
25,000 
Obligations under finance leases and hire purchase contracts
624 
2,123 
7,574 
27,123 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
During the period net purchases of £157,629 were made from South Coast Fabrications Limited, a company wholly owned by the company.
11
Controlling party
The director J Singh holds 70% of the issued share capital and is deemed the ultimate controlling party.
12
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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