Registered number
06366641
Singh Trucking Ltd
Filleted Accounts
31 January 2025
Mr Tax (Midlands) Ltd
Tax Accountants
Singh Trucking Ltd
Registered number: 06366641
Balance Sheet
as at 31 January 2025
Notes 2025 2024
Fixed assets
Tangible assets 3 1,366,540 1,204,261
Investments 4 300,000 321,492
1,666,540 1,525,753
Current assets
Debtors 5 624,911 311,953
Cash at bank and in hand 338,073 548,577
962,984 860,530
Creditors: amounts falling due within one year 6 (426,889) (537,532)
Net current assets 536,095 322,998
Total assets less current liabilities 2,202,635 1,848,751
Creditors: amounts falling due after more than one year 7 (583,160) (259,699)
Provisions for liabilities (285,810) (285,810)
Net assets 1,333,665 1,303,242
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,333,565 1,303,142
Shareholders' funds 1,333,665 1,303,242
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 members have 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. The profit and loss account has not been delivered to the Registrar of Companies.
Jagvinder Singh
Director
Approved by the board on 1 September 2025
Singh Trucking Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. It includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Investment property is carried at original cost contrary to th requirements of FRS 102 whih requres investment property to be carried at fair value. All other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property Nil
Furniture & equipment 20% reducing balance
Motor Lorries 15% reducing balance
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. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. 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 2025 2024
Number Number
Average number of persons employed by the company 23 23
3 Tangible fixed assets
Furniture & equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2024 13,085 2,666,816 2,679,901
Additions 467 497,151 497,618
Disposals - (221,902) (221,902)
At 31 January 2025 13,552 2,942,065 2,955,617
Depreciation
At 1 February 2024 9,581 1,466,059 1,475,640
Charge for the year 788 305,317 306,105
On disposals - (192,668) (192,668)
At 31 January 2025 10,369 1,578,708 1,589,077
Net book value
At 31 January 2025 3,183 1,363,357 1,366,540
At 31 January 2024 3,504 1,200,757 1,204,261
4 Investments
Freehold
property
£
Cost
At 1 February 2024 300,000
At 31 January 2025 300,000
5 Debtors 2025 2024
£ £
Trade debtors 377,031 241,905
Other debtors 247,880 70,048
624,911 311,953
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,648 10,648
Obligations under finance lease and hire purchase contracts 223,603 144,844
Trade creditors 95,327 360,665
Corporation tax 2,932 10,088
Other taxes and social security costs (5,621) 62,087
Other creditors 100,000 (50,800)
426,889 537,532
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 5,943 16,591
Obligations under finance lease and hire purchase contracts 577,217 243,108
583,160 259,699
8 Other information
Singh Trucking Ltd is a private company limited by shares and incorporated in England. Its registered office is:
64 Gynsill Lane
Anstey
Leicester
Leicestershire
LE7 7AL
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