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REGISTERED NUMBER: 12661597 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

Singh Local Store Ltd

Singh Local Store Ltd (Registered number: 12661597)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Singh Local Store Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr Neer Pal Singh





REGISTERED OFFICE: 6 Beaconsfield Road
Southall
United Kingdom
UB1 1DW





REGISTERED NUMBER: 12661597 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Singh Local Store Ltd (Registered number: 12661597)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,442 12,590

CURRENT ASSETS
Inventories 15,455 13,103
Cash at bank and in hand 3,786 2,734
19,241 15,837
CREDITORS
Amounts falling due within one year 5 73,915 59,424
NET CURRENT LIABILITIES (54,674 ) (43,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,232

)

(30,997

)

CREDITORS
Amounts falling due after more than one
year

6

-

8,000
NET LIABILITIES (45,232 ) (38,997 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (45,332 ) (39,097 )
SHAREHOLDERS' FUNDS (45,232 ) (38,997 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Local Store Ltd (Registered number: 12661597)

Statement of Financial Position - continued
30 June 2024


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 director and authorised for issue on 2 December 2024 and were signed by:





Mr Neer Pal Singh - Director


Singh Local Store Ltd (Registered number: 12661597)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Singh Local Store 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 29,844
DEPRECIATION
At 1 July 2023 17,254
Charge for year 3,148
At 30 June 2024 20,402
NET BOOK VALUE
At 30 June 2024 9,442
At 30 June 2023 12,590

Singh Local Store Ltd (Registered number: 12661597)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 813 574
Other creditors 73,102 58,850
73,915 59,424

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 8,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100