0 01/11/2023 31/10/2024 2024-10-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-11-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07811137 2023-11-01 2024-10-31 07811137 2024-10-31 07811137 2023-10-31 07811137 2022-11-01 2023-10-31 07811137 2023-10-31 07811137 2022-10-31 07811137 bus:RegisteredOffice 2023-11-01 2024-10-31 07811137 bus:LeadAgentIfApplicable 2023-11-01 2024-10-31 07811137 bus:Director1 2023-11-01 2024-10-31 07811137 bus:Director2 2023-11-01 2024-10-31 07811137 core:FurnitureFittingsToolsEquipment 2023-10-31 07811137 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 07811137 core:FurnitureFittingsToolsEquipment 2024-10-31 07811137 core:ShareCapital 2022-11-01 2023-10-31 07811137 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 07811137 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 07811137 core:WithinOneYear 2024-10-31 07811137 core:WithinOneYear 2023-10-31 07811137 core:ShareCapital 2024-10-31 07811137 core:ShareCapital 2023-10-31 07811137 core:RetainedEarningsAccumulatedLosses 2024-10-31 07811137 core:RetainedEarningsAccumulatedLosses 2023-10-31 07811137 core:ShareCapital 2022-10-31 07811137 core:RetainedEarningsAccumulatedLosses 2022-10-31 07811137 core:PreviouslyStatedAmount core:ShareCapital 2024-10-31 07811137 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 07811137 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 07811137 core:FurnitureFittingsToolsEquipment 2023-10-31 07811137 bus:Director1 2023-10-31 07811137 bus:Director1 2024-10-31 07811137 bus:Director1 2022-10-31 07811137 bus:Director1 2023-10-31 07811137 bus:Director1 2022-11-01 2023-10-31 07811137 bus:SmallEntities 2023-11-01 2024-10-31 07811137 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07811137 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07811137 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07811137 bus:FullAccounts 2023-11-01 2024-10-31
Company registration number: 07811137
Gurps Singh Ltd
Unaudited filleted financial statements
31 October 2024
Gurps Singh Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Gurps Singh Ltd
Directors and other information
Directors Mr Gurpreet Singh
Mrs Hema Goud
Company number 07811137
Registered office Unit 2 The Rutherford Centre
Dunlop Road, Hadleigh Road Industrial Estate,
Ipswich
Suffolk
IP2 0UG
Business address 21 High Street
Hadleigh
Suffolk
IP7 5AG
Accountant Simon Emmerson MAAT AATQB
Deeks and King
Unit 2 The Rutherford Centre
Dunlop Road, Hadleigh Road Industrial Estate
Ipswich, Suffolk
IP2 0UG
Bankers Lloyds Bank
Gurps Singh Ltd
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Gurps Singh Ltd
Year ended 31 October 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Simon Emmerson MAAT AATQB
Deeks and King
Unit 2 The Rutherford Centre
Dunlop Road, Hadleigh Road Industrial Estate
Ipswich, Suffolk
IP2 0UG
21 July 2025
Gurps Singh Ltd
Statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 232,467 246,148
_______ _______
232,467 246,148
Current assets
Cash at bank and in hand 133,644 432,901
_______ _______
133,644 432,901
Creditors: amounts falling due
within one year 6 ( 173,388) ( 439,428)
_______ _______
Net current liabilities ( 39,744) ( 6,527)
_______ _______
Total assets less current liabilities 192,723 239,621
_______ _______
Net assets 192,723 239,621
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 192,623 239,521
_______ _______
Shareholders funds 192,723 239,621
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 July 2025 , and are signed on behalf of the board by:
Mr Gurpreet Singh
Director
Company registration number: 07811137
Gurps Singh Ltd
Statement of changes in equity
Year ended 31 October 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2022 1 128,934 128,935
(Loss)/profit for the year 110,587 110,587
_______ _______ _______
Total comprehensive income for the year - 110,587 110,587
Issue of shares 99 99
_______ _______ _______
Total investments by and distributions to owners 99 - 99
_______ _______ _______
At 31 October 2023 and 1 November 2023 100 239,521 239,621
(Loss)/profit for the year ( 46,898) ( 46,898)
_______ _______ _______
Total comprehensive income for the year - ( 46,898) ( 46,898)
_______ _______ _______
At 31 October 2024 100 192,623 192,723
_______ _______ _______
Gurps Singh Ltd
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 2 The Rutherford Centre, Dunlop Road, Hadleigh Road Industrial Estate,, Ipswich, Suffolk, IP2 0UG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 November 2023 and 31 October 2024 170,141 93,529 263,670
_______ _______ _______
Depreciation
At 1 November 2023 - 17,522 17,522
Charge for the year - 13,681 13,681
_______ _______ _______
At 31 October 2024 - 31,203 31,203
_______ _______ _______
Carrying amount
At 31 October 2024 170,141 62,326 232,467
_______ _______ _______
At 31 October 2023 170,141 76,007 246,148
_______ _______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 208 9,208
Other creditors 173,180 430,220
_______ _______
173,388 439,428
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Gurpreet Singh ( 354,085) 272,966 ( 92,061) ( 173,180)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Gurpreet Singh ( 311,883) 38,463 ( 80,665) ( 354,085)
_______ _______ _______ _______