Company registration number 10414963 (England and Wales)
Sing&K Ltd.
FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Sing&K Ltd.
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Sing&K Ltd.
Statement of financial position
as at 31 August 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
197,675
58,184
Current assets
Stocks
20,000
20,000
Debtors
2,941
93,439
Cash at bank and in hand
53,954
57,662
76,895
171,101
Creditors: amounts falling due within one year
(531,067)
(334,787)
Net current liabilities
(454,172)
(163,686)
Net liabilities
(256,497)
(105,502)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(256,498)
(105,503)
Total equity
(256,497)
(105,502)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 March 2025
S Ly
Director
Company registration number 10414963 (England and Wales)
Sing&K Ltd.
Notes to the Financial Statements
for the year ended 31 August 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

Turnover is recognised when the goods have been provided to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% Reducing Balance
Fixtures and fittings
15% Reducing Balance
Computers
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Stocks

Stocks are stated at the lower of cost and net realisable value.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
17
14
Sing&K Ltd.
Notes to the Financial Statements (continued)
for the year ended 31 August 2024
- 3 -
3
Tangible fixed assets
Total
£
Cost
At 1 September 2023
71,967
Additions
191,953
At 31 August 2024
263,920
Depreciation and impairment
At 1 September 2023
13,783
Depreciation charged in the year
52,462
At 31 August 2024
66,245
Carrying amount
At 31 August 2024
197,675
At 31 August 2023
58,184
4
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Charles R Moorby
Statutory Auditor:
B M Howarth Ltd
Date of audit report:
1 March 2025
5
Related party transactions

The company is exempt from disclosing the related party transactions with group companies as its results are included in the consolidated accounts of its parent undertaking, Sing Kee Group Limited.

6
Parent company

The director is of the opinion that Sing Kee Group Limited is the ultimate parent company.

 

Sing Kee Group Limited is the smallest group in which the company's financial statements are consolidated, whose registered office is 30 Cross Stamford Street, Leeds, West Yorkshire, LS7 1BA.

 

The company was controlled throughout the year by Q T Ly by virtue of his 100% shareholding in Sing Kee Group Limited.

7
Company information

Sing&K Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 30-36 Cross Stamford Street, Leeds, West Yorkshire, England, LS7 1BA.

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