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Company Registration No. 05066212 (England and Wales)
Sink Ltd Unaudited accounts for the year ended 31 December 2024
Sink Ltd Unaudited accounts Contents
Page
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Sink Ltd Company Information for the year ended 31 December 2024
Director
Sarah Singleton
Company Number
05066212 (England and Wales)
Registered Office
10 Bahama Road Haydock WA11 9XB
Accountants
Accountancy Value Ltd 47 Manston Road, Penketh Warrington Cheshire WA5 2HS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sink Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sink Ltd for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Sink Ltd, as a body, in accordance with the terms of our engagement letter dated 23 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Sink Ltd and state those matters that we have agreed to state to the Board of Directors of Sink Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sink Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sink Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sink Ltd. You consider that Sink Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sink Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accountancy Value Ltd Member in Practice 47 Manston Road, Penketh Warrington Cheshire WA5 2HS 14 February 2025
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Sink Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,566 
51,437 
Current assets
Inventories
20,101 
30,242 
Debtors
179,608 
183,977 
Cash at bank and in hand
27,573 
53,681 
227,282 
267,900 
Creditors: amounts falling due within one year
(43,422)
(60,752)
Net current assets
183,860 
207,148 
Total assets less current liabilities
226,426 
258,585 
Provisions for liabilities
Other provisions
(12,000)
(27,000)
Net assets
214,426 
231,585 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
214,326 
231,485 
Shareholders' funds
214,426 
231,585 
For the year ending 31 December 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 her 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 14 February 2025 and were signed on its behalf by
Sarah Singleton Director Company Registration No. 05066212
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Sink Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sink Ltd is a private company, limited by shares, registered in England and Wales, registration number 05066212. The registered office is 10 Bahama Road, Haydock, WA11 9XB.
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:
Plant & machinery
10% straight line
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
391,486 
24,205 
18,033 
433,724 
Additions
3,891 
- 
- 
3,891 
At 31 December 2024
395,377 
24,205 
18,033 
437,615 
Depreciation
At 1 January 2024
356,818 
7,436 
18,033 
382,287 
Charge for the year
5,080 
7,682 
- 
12,762 
At 31 December 2024
361,898 
15,118 
18,033 
395,049 
Net book value
At 31 December 2024
33,479 
9,087 
- 
42,566 
At 31 December 2023
34,668 
16,769 
- 
51,437 
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Sink Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,744 
- 
Trade debtors
173,889 
183,977 
Other debtors
(25)
- 
179,608 
183,977 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,793 
- 
VAT
707 
4,138 
Trade creditors
24,227 
35,910 
Taxes and social security
7,080 
8,761 
Other creditors
4,680 
7,375 
Loans from directors
554 
- 
Accruals
4,381 
4,568 
43,422 
60,752 
7
Provisions for liabilities
£ 
At 1 January 2024
27,000 
Decrease in existing provisions
(15,000)
At 31 December 2024
12,000 
The business has a contract dispute with it's energy provider. The provider is claiming an amount for consumption not billed. There is considerable uncertainty has to the value of any claim. Negotiations are ongoing and the provision has been adjusted to reflect the best estimate of the claim value. This has resulted in a £15,000 write back to profit for this financial year.
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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