REGISTERED NUMBER: 06503243 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Sing Faye Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Z N Zhu

Mrs P H Zhu

SECRETARY:

Mrs P H Zhu

REGISTERED OFFICE:

East Lancs Road

Carr Mill

St Helens

Merseyside

WA11 9AE

REGISTERED NUMBER:

06503243 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

6,278

8,300

CURRENT ASSETS

Stocks

2,861

2,754

Debtors

5

240,267

244,308

Cash at bank and in hand

335,177

247,121

578,305

494,183

CREDITORS

Amounts falling due within one year

6

132,278

156,648

NET CURRENT ASSETS

446,027

337,535

TOTAL ASSETS LESS CURRENT LIABILITIES

452,305

345,835

PROVISIONS FOR LIABILITIES

302

1,047

NET ASSETS

452,003

344,788

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

451,903

344,688

SHAREHOLDERS' FUNDS

452,003

344,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mrs P H Zhu - Director

1.	STATUTORY INFORMATION

Sing Faye Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents the fair value of sales made to customers, less returns and VAT. Revenue is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings - 5% on cost

Plant & machinery - 25% on reducing balance

Fixtures & fittings - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2024

50,000

15,833

152,012

217,845

Additions

-

-

2,071

2,071

At 28 February 2025

50,000

15,833

154,083

219,916

DEPRECIATION

At 1 March 2024

47,500

14,575

147,470

209,545

Charge for year

2,500

314

1,279

4,093

At 28 February 2025

50,000

14,889

148,749

213,638

NET BOOK VALUE

At 28 February 2025

-

944

5,334

6,278

At 29 February 2024

2,500

1,258

4,542

8,300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

236,391

237,768

Prepayments

3,876

6,540

240,267

244,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

9,533

28,600

Tax

73,320

24,443

Social security and other taxes

339

2,537

Pension

296

325

VAT

21,530

25,688

Other creditors

-

115

Directors' current accounts

22,948

54,385

Accrued expenses

4,312

20,555

132,278

156,648

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

8.	CONTROLLING PARTY

The controlling party is Z N Zhu.