REGISTERED NUMBER: SC568963 (Scotland)

Financial Statements For The Year Ended 30 November 2024

for

Singh and Hussain Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Hussain

R Singh

REGISTERED OFFICE:

c/o Robb Ferguson

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

REGISTERED NUMBER:

SC568963 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Intangible assets

4

12,332

15,414

Tangible assets

5

167,884

260,157

180,216

275,571

CURRENT ASSETS

Work in progress

397,586

416,508

Debtors

116,158

93,437

Cash at bank

61,701

141,733

575,445

651,678

CREDITORS

Amounts falling due within one year

370,831

339,970

NET CURRENT ASSETS

204,614

311,708

TOTAL ASSETS LESS CURRENT LIABILITIES

384,830

587,279

CREDITORS

Amounts falling due after more than one year

(81,091

)

(170,198

)

PROVISIONS FOR LIABILITIES

(27,559

)

(52,257

)

NET ASSETS

276,180

364,824

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

276,178

364,822

276,180

364,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

A Hussain - Director

1.	STATUTORY INFORMATION

Singh and Hussain Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

2% on cost

Fixed plant and equipment

-

25% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2023

and 30 November 2024

30,824

AMORTISATION

At 1 December 2023

15,410

Amortisation for year

3,082

At 30 November 2024

18,492

NET BOOK VALUE

At 30 November 2024

12,332

At 30 November 2023

15,414

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2023

412,394

Additions

30,156

Disposals

(112,454

)

At 30 November 2024

330,096

DEPRECIATION

At 1 December 2023

152,237

Charge for year

67,959

Eliminated on disposal

(57,984

)

At 30 November 2024

162,212

NET BOOK VALUE

At 30 November 2024

167,884

At 30 November 2023

260,157

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 December 2023

220,032

Disposals

(112,454

)

At 30 November 2024

107,578

DEPRECIATION

At 1 December 2023

52,892

Charge for year

40,951

Eliminated on disposal

(57,984

)

At 30 November 2024

35,859

NET BOOK VALUE

At 30 November 2024

71,719

At 30 November 2023

167,140

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

11,511

24,033

Between one and five years

76,091

155,198

87,602

179,231

Non-cancellable

operating leases

2024

2023

£

£

Within one year

19,816

-

Between one and five years

8,256

-

28,072

-

7.	SECURITIES

The Royal Bank of Scotland plc holds a floating charge over the company's assets or undertaking.