Company Registration No. 06524349 (England and Wales)
M.N. SINGH LIMITED
Unaudited accounts
for the year ended 31 May 2024
M.N. SINGH LIMITED
Unaudited accounts
Contents
M.N. SINGH LIMITED
Company Information
for the year ended 31 May 2024
Directors
M N Singh
Mrs B Kaur
B Singh
G Singh
G Singh
Company Number
06524349 (England and Wales)
Registered Office
46 Eltham Road
West Bridgford
Nottingham
NG2 5JN
Accountants
Bob Stevens Management Ltd
46 Eltham Road
West Bridgford
Nottingham,
NG7 6LB
M.N. SINGH LIMITED
Statement of financial position
as at 31 May 2024
Intangible assets
300,000
375,000
Tangible assets
94,053
110,989
Inventories
124,657
103,756
Cash at bank and in hand
677,838
655,078
Creditors: amounts falling due within one year
(315,839)
(299,942)
Net current assets
717,807
717,929
Total assets less current liabilities
1,111,860
1,203,918
Provisions for liabilities
Deferred tax
(17,519)
(17,519)
Net assets
1,094,341
1,186,399
Called up share capital
100
100
Profit and loss account
1,094,241
1,186,299
Shareholders' funds
1,094,341
1,186,399
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 28 August 2024 and were signed on its behalf by
M N Singh
Director
Company Registration No. 06524349
M.N. SINGH LIMITED
Notes to the Accounts
for the year ended 31 May 2024
M.N. SINGH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06524349. The registered office is 46 Eltham Road, West Bridgford, Nottingham, NG2 5JN.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
75,000
M.N. SINGH LIMITED
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
22,825
16,173
317,831
356,829
Additions
-
-
14,414
14,414
At 31 May 2024
22,825
16,173
332,245
371,243
At 1 June 2023
22,034
14,554
209,252
245,840
Charge for the year
197
405
30,748
31,350
At 31 May 2024
22,231
14,959
240,000
277,190
At 31 May 2024
594
1,214
92,245
94,053
At 31 May 2023
791
1,619
108,579
110,989
Amounts falling due within one year
Trade debtors
221,151
249,037
Amounts falling due after more than one year
Amounts due from group undertakings etc.
10,000
10,000
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
291,016
234,762
Taxes and social security
53,156
33,887
Loans from directors
42,849
57,669
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).