Company Registration No. 12625075 (England and Wales)
SINGH'SMART LIMITED
Unaudited accounts
for the year ended 31 May 2024
SINGH'SMART LIMITED
Unaudited accounts
Contents
SINGH'SMART LIMITED
Company Information
for the year ended 31 May 2024
Company Number
12625075 (England and Wales)
Registered Office
41 PORTLAND ROAD
DONCASTER
DN4 7FH
ENGLAND
Accountants
Rapid Accountants Ltd
348 Portswood Road,
southampton
England
SO17 3SB
SINGH'SMART LIMITED
Statement of financial position
as at 31 May 2024
Intangible assets
150,000
150,000
Tangible assets
25,508
23,556
Cash at bank and in hand
3,314
8,464
Creditors: amounts falling due within one year
(56,106)
(18,652)
Net current (liabilities)/assets
(3,195)
36,653
Total assets less current liabilities
172,313
210,209
Creditors: amounts falling due after more than one year
(143,962)
(205,883)
Called up share capital
1
1
Profit and loss account
28,350
4,325
Shareholders' funds
28,351
4,326
For the year ending 31 May 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 26 September 2024 and were signed on its behalf by
MANDEEP SINGH
Director
Company Registration No. 12625075
SINGH'SMART LIMITED
Notes to the Accounts
for the year ended 31 May 2024
SINGH'SMART LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12625075. The registered office is 41 PORTLAND ROAD, DONCASTER, DN4 7FH, ENGLAND.
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:
Other tangible fixed assets
20%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
SINGH'SMART LIMITED
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
22,872
7,576
2,990
33,438
Additions
5,542
2,173
779
8,494
At 31 May 2024
28,414
9,749
3,769
41,932
At 1 June 2023
6,360
2,407
1,115
9,882
Charge for the year
4,410
1,468
664
6,542
At 31 May 2024
10,770
3,875
1,779
16,424
At 31 May 2024
17,644
5,874
1,990
25,508
At 31 May 2023
16,512
5,169
1,875
23,556
Amounts falling due within one year
Accrued income and prepayments
3,333
3,333
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,784
4,784
Taxes and social security
21,637
11,568
Proposed dividends
20,000
-
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
55,420
100,540
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).