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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
Page
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SINGH'SMART LIMITED Company Information for the year ended 31 May 2024
Director
MANDEEP SINGH
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
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SINGH'SMART LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
150,000 
150,000 
Tangible assets
25,508 
23,556 
175,508 
173,556 
Current assets
Inventories
46,264 
42,568 
Debtors
3,333 
4,273 
Cash at bank and in hand
3,314 
8,464 
52,911 
55,305 
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)
Net assets
28,351 
4,326 
Capital and reserves
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
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SINGH'SMART LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
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:
Land & buildings
10%
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
25%
Other tangible fixed assets
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
150,000 
At 31 May 2024
150,000 
Amortisation
At 1 June 2023
- 
At 31 May 2024
- 
Net book value
At 31 May 2024
150,000 
At 31 May 2023
150,000 
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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 
Depreciation
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 
Net book value
At 31 May 2024
17,644 
5,874 
1,990 
25,508 
At 31 May 2023
16,512 
5,169 
1,875 
23,556 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
940 
Accrued income and prepayments
3,333 
3,333 
3,333 
4,273 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,784 
4,784 
VAT
1,632 
- 
Taxes and social security
21,637 
11,568 
Proposed dividends
20,000 
- 
Accruals
8,053 
2,300 
56,106 
18,652 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
88,542 
105,343 
Loans from directors
55,420 
100,540 
143,962 
205,883 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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