1 February 2024 v2025.69.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP078975572024-02-012025-01-31078975572025-01-3107897557bus:Director12024-02-012025-01-3107897557bus:Director22024-02-012025-01-3107897557bus:Director32024-02-012025-01-3107897557bus:Director42024-02-012025-01-3107897557bus:RegisteredOffice2024-02-012025-01-31078975572023-02-012024-01-31078975572024-01-3107897557core:WithinOneYear2025-01-3107897557core:WithinOneYear2024-01-3107897557core:AfterOneYear2025-01-3107897557core:ShareCapital2025-01-3107897557core:ShareCapital2024-01-3107897557core:SharePremium2025-01-3107897557core:SharePremium2024-01-3107897557core:RetainedEarningsAccumulatedLosses2025-01-3107897557core:RetainedEarningsAccumulatedLosses2024-01-3107897557core:ShareCapital2023-02-0107897557core:SharePremium2023-02-0107897557core:RetainedEarningsAccumulatedLosses2023-02-01078975572023-02-0107897557core:RetainedEarningsAccumulatedLosses2023-02-012024-01-3107897557core:SharePremium2023-02-012024-01-3107897557core:ShareCapital2024-02-0107897557core:SharePremium2024-02-0107897557core:RetainedEarningsAccumulatedLosses2024-02-01078975572024-02-0107897557core:RetainedEarningsAccumulatedLosses2024-02-012025-01-3107897557core:SharePremium2024-02-012025-01-3107897557core:PlantMachinery2024-02-012025-01-3107897557core:PlantMachinery2025-01-3107897557core:PlantMachinery2024-02-0107897557core:PlantMachinery2024-01-310789755712024-02-012025-01-3107897557countries:EnglandWales2024-02-012025-01-3107897557bus:AuditExemptWithAccountantsReport2024-02-012025-01-3107897557bus:PrivateLimitedCompanyLtd2024-02-012025-01-3107897557bus:SmallEntities2024-02-012025-01-3107897557bus:FullAccounts2024-02-012025-01-31
Company registration number:
07897557
MR SINGHS SAUCES LIMITED
Unaudited Financial Statements for the year ended
31 January 2025
MR SINGHS SAUCES LIMITED
Officers and Professional Advisers
Year ended
31 January 2025
Directors
MR KULDIP SINGH SAHOTA
MR DANIEL JAMES FENN
MR MENG OOI KWAN
MR RAVDIP SINGH
Registered office
149 PLAISTOW ROAD
LONDON
E15 3ET
United Kingdom
Accountant
AZCO (UK) Limited
23
WOODFORD AVENUE
ESSEX
IG2 6UF
United Kingdom
MR SINGHS SAUCES LIMITED
Directors' Report
Year ended
31 January 2025
The directors present their report and the unaudited
financial statements
of the company for the year ended 31 January 2025.

Directors

The directors who served the company during the year were as follows:
MR KULDIP SINGH SAHOTA
MR DANIEL JAMES FENN
MR MENG OOI KWAN
MR RAVDIP SINGH

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
2 May 2025
and signed on behalf of the board by:
MR KULDIP SINGH SAHOTA
MR DANIEL JAMES FENN
MR MENG OOI KWAN
DirectorDirectorDirector
MR RAVDIP SINGH
Director
MR SINGHS SAUCES LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of MR SINGHS SAUCES LIMITED
Year ended
31 January 2025
As described on the statement of financial position, the Board of Directors of
MR SINGHS SAUCES LIMITED
are responsible for the preparation of the
financial statements
for the year ended
31 January 2025
, which comprise the income statement, 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.
AZCO (UK) Limited
23
WOODFORD AVENUE
ESSEX
IG2 6UF
United Kingdom
MR SINGHS SAUCES LIMITED
Income Statement
Year ended
31 January 2025
20252024
Note££
Turnover
49,575
  -  
Cost of sales
(45,709
 ) (30,765 )
Gross profit/(loss)
3,866
 
(30,765
 )
Distribution costs
(506
 ) -  
Administrative expenses
(101,089
 )
(10,240
 )
Operating loss
(97,729
 )
(41,005
 )
Interest payable and similar expenses -  
(779
 )
Loss before tax 4
(97,729
 )
(41,784
 )
Tax on loss -   -  
Loss for the financial year
(97,729
 )
(41,784
 )
The company has no other recognised items of income or expense other than the results for the year as set out above.
MR SINGHS SAUCES LIMITED
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 6
605
 
738
 
Current assets    
Stocks
20,000
  -  
Cash at bank and in hand
23,288
  -  
43,288
  -  
Creditors: amounts falling due within one year 7
(60,036
 )
(13,652
 )
Net current liabilities
(16,748
 )
(13,652
 )
Total assets less current liabilities (16,143 ) (12,914 )
Creditors: amounts falling due after more than one year 8
(4,500
 ) -  
Net liabilities
(20,643
 )
(12,914
 )
Capital and reserves    
Called up share capital
194
 
194
 
Share premium
892,999
 
1,004,938
 
Profit and loss account
(913,836
 )
(1,018,046
 )
Shareholders deficit
(20,643
 )
(12,914
 )
For the year ending
31 January 2025
, 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
2 May 2025
, and are signed on behalf of the board by:
MR KULDIP SINGH SAHOTA
MR DANIEL JAMES FENN
MR MENG OOI KWAN
DirectorDirectorDirector
MR RAVDIP SINGH
Director
Company registration number:
07897557
MR SINGHS SAUCES LIMITED
Statement of Changes in Equity
Year ended
31 January 2025
Called up share capitalShare premium accountProfit and loss accountTotal
££££
At 1 February 2023
194
 
493,613
 
(531,939
 )
(38,132
 )
Loss for the year- - (41,784)(41,784)
Total comprehensive income for the year- - 
(41,784
)
(41,784
)
Issue of shares- 
511,325
 - 
511,325
 
Issue of bonus shares- - 
(444,323
)
(444,323
)
Total investments by and distributions to owners- 
511,325
 
(444,323
)
67,002
 
At 31 January 2024 and 
1 February 2024
194
 
1,004,938
 
(1,018,046
)
(12,914
)
Loss for the year- - (97,729)(97,729)
Total comprehensive income for the year- - 
(97,729
)
(97,729
)
Issue of shares- 
(111,939
)- 
(111,939
)
Issue of bonus shares- - 
201,939
 
201,939
 
Total investments by and distributions to owners- 
(111,939
)
201,939
 
90,000
 
At
31 January 2025
194
 
892,999
 
(913,836
)
(20,643
)
MR SINGHS SAUCES LIMITED
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
149 PLAISTOW ROAD
,
LONDON
,
E15 3ET
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
18% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Loss before tax

Loss before tax is stated after charging/(crediting):
20252024
££
Depreciation of tangible assets
133
 
162
 
Impairment of tangible assets -  
30,765
 

5 Average number of employees

The average number of persons employed by the company during the year was
3
(2024:
2.00
).

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2024
and
31 January 2025
4,893
 
Depreciation  
At
1 February 2024
4,155
 
Charge
133
 
At
31 January 2025
4,288
 
Carrying amount  
At
31 January 2025
605
 
At 31 January 2024
738
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
26,815
 
13,652
 
Taxation and social security
2,071
  -  
Other creditors
31,150
  -  
60,036
 
13,652
 

8 Creditors: amounts falling due after more than one year

20252024
££
Other creditors
4,500
  -