1 June 2023 false No description of principal activity Taxfiler 2024.6 true 09597035business:PrivateLimitedCompanyLtd2023-06-012024-05-31 095970352023-05-31 095970352023-06-012024-05-31 09597035business:AuditExemptWithAccountantsReport2023-06-012024-05-31 09597035business:FilletedAccounts2023-06-012024-05-31 095970352024-05-31 09597035business:Director12023-06-012024-05-31 09597035business:Director22023-06-012024-05-31 09597035business:RegisteredOffice2023-06-012024-05-31 095970352023-05-31 09597035core:WithinOneYear2024-05-31 09597035core:WithinOneYear2023-05-31 09597035core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 09597035core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 09597035core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 09597035core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 09597035core:PreviouslyStatedAmount2024-05-31 09597035core:PreviouslyStatedAmount2023-05-31 09597035business:SmallEntities2023-06-012024-05-31 09597035countries:EnglandWales2023-06-012024-05-31 09597035core:ComputerEquipment2023-06-012024-05-31 09597035core:ComputerEquipment2023-05-31 09597035core:ComputerEquipment2024-05-31 095970352022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 09597035 (England and Wales)
Singular Publishing Limited Unaudited accounts for the year ended 31 May 2024
Singular Publishing Limited Unaudited accounts Contents
Page
- 2 -
Singular Publishing Limited Company Information for the year ended 31 May 2024
Directors
Charlie Watson Sabine Virani
Company Number
09597035 (England and Wales)
Registered Office
2 Kinver Close Norwich Norfolk NR4 7QZ
Accountants
Mrs A C Howell 13 Ipswich Grove Norwich Norfolk NR2 2LU
- 3 -
Singular Publishing Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,576 
2,643 
Current assets
Inventories
4,840 
4,463 
Debtors
2,126 
108 
Cash at bank and in hand
331 
1,343 
7,297 
5,914 
Creditors: amounts falling due within one year
(87,795)
(88,144)
Net current liabilities
(80,498)
(82,230)
Total assets less current liabilities
(76,922)
(79,587)
Provisions for liabilities
Deferred tax
(680)
(502)
Net liabilities
(77,602)
(80,089)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(77,802)
(80,289)
Shareholders' funds
(77,602)
(80,089)
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 directors acknowledge their 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 of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Charlie Watson Director Company Registration No. 09597035
- 4 -
Singular Publishing Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Singular Publishing Limited is a private company, limited by shares, registered in England and Wales, registration number 09597035. The registered office is 2 Kinver Close, Norwich, Norfolk, NR4 7QZ.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The company meets it's day to day working capital requirements through loan facilities provided by the director of the company, which are repayable on demand. The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director has prepared projected cash flow information for the period ending twelve months from the date of approval of these financial statements. On the basis of this cash flow information the director considers that the company will continue to operate within the facility currently provided. However the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the director considers it appropriate to prepare the financial statement on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the loan facilities.
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:
Computer equipment
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Singular Publishing Limited Notes to the Accounts for the year ended 31 May 2024
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 assets and liabilities are not discounted.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
7,166 
Additions
1,565 
At 31 May 2024
8,731 
Depreciation
At 1 June 2023
4,523 
Charge for the year
632 
At 31 May 2024
5,155 
Net book value
At 31 May 2024
3,576 
At 31 May 2023
2,643 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
93 
108 
Trade debtors
2,033 
- 
2,126 
108 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
33 
35 
Loans from directors
87,755 
88,101 
Accruals
7 
8 
87,795 
88,144 
7
Transactions with related parties
The directors provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £87,755 (2023: £88,101).
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -