Registered number
09056886
Singh WIll Mix It Ltd
Filleted Accounts
31 May 2024
Singh WIll Mix It Ltd
Registered number: 09056886
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,118,599 690,054
Current assets
Stocks 44,100 54,500
Debtors 4 417,602 430,422
Cash at bank and in hand 51,685 39,770
513,387 524,692
Creditors: amounts falling due within one year 5 (1,156,402) (1,100,638)
Net current liabilities (643,015) (575,946)
Total assets less current liabilities 475,584 114,108
Creditors: amounts falling due after more than one year 6 (475,145) (178,419)
Net assets/(liabilities) 439 (64,311)
Capital and reserves
Called up share capital 100 100
Profit and loss account 339 (64,411)
Shareholder's funds 439 (64,311)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Mandeep Singh Binning
Director
Approved by the board on 22 July 2024
Singh WIll Mix It Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
Singh Will Mix It Ltd is a company limited by shares incorporated in England within the united Kingdon. The registration number, the principle place of business and registered office addresses are given on note 8 of the financial statements.

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded.

The significant accounting policies applied in the preparation of these financial statements are set out below. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 15% SL
Fixtures, fittings, tools and equipment 20% SL
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 18
3 Tangible fixed assets
Fixtures, fittings & equipment Motor vehicles Total
£ £ £
Cost
At 1 June 2023 16,082 3,103,429 3,119,511
Additions 1,000 641,586 642,586
Disposals - (23,529) (23,529)
At 31 May 2024 17,082 3,721,486 3,738,568
Depreciation
At 1 June 2023 2,844 2,426,613 2,429,457
Charge for the year 1,281 195,113 196,394
On disposals - (5,882) (5,882)
At 31 May 2024 4,125 2,615,844 2,619,969
Net book value
At 31 May 2024 12,957 1,105,642 1,118,599
At 31 May 2023 13,238 676,816 690,054
4 Debtors 2024 2023
£ £
Trade debtors 89,149 72,144
Other debtors 328,453 358,278
417,602 430,422
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 186,772 68,373
Trade creditors 62,419 108,536
Taxation and social security costs 141,684 126,602
Other creditors 755,527 787,127
1,156,402 1,100,638
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,429 25,779
Obligations under finance lease and hire purchase contracts 460,716 152,640
475,145 178,419
7 Related party transactions
Other connected companies 2024 2023
£ £
Loans due from connected companies 526,988 626,804
8 Other information
Singh WIll Mix It Ltd is a private company limited by shares and incorporated in England. Its registered office is:
472a larkshall Road
London
E4 9HH
Trading address
East Hall Lane
Rainham
RM13 9DS
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