Registration number: 10656726

Single Variety Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Single Variety Ltd

Company Information

Directors

Mrs N Elliott Mr R Elliott

Registered office

Unit 5 Warmley Business Park Crown Way Warmley Bristol BS30 8FR

Accountants

Ross & Partners (Bristol) Limited Accountants and Tax Consultants Unit 1, Office 1 Tower Lane Business Park Tower Lane Warmley Bristol BS30 8XT

Single Variety Ltd

(Registration number: 10656726)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	3,618	5,395
Tangible assets	4	166,169	112,725
		169,787	118,120
Current assets
Stocks	5	54,821	61,985
Debtors	6	110,788	122,684
Cash at bank and in hand		824	582
		166,433	185,251
Creditors: Amounts falling due within one year	7	(241,840)	(280,560)
Net current liabilities		(75,407)	(95,309)
Total assets less current liabilities		94,380	22,811
Creditors: Amounts falling due after more than one year	7	(201,299)	(78,937)
Net liabilities		(106,919)	(56,126)
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		(107,919)	(57,126)
Shareholders' deficit		(106,919)	(56,126)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Single Variety Ltd

(Registration number: 10656726)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mrs N Elliott Director

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance
Fixtures and fittings	25% reducing balance
Computer equipment	25% reducing balance

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible assets	20%-33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 8).

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	8,217	8,217
At 31 March 2025	8,217	8,217
Amortisation
At 1 April 2024	2,822	2,822
Amortisation charge	1,777	1,777
At 31 March 2025	4,599	4,599
Carrying amount
At 31 March 2025	3,618	3,618
At 31 March 2024	5,395	5,395

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	81,318	28,500	107,431	217,249
Additions	61,060	-	47,967	109,027
Disposals	(2,392)	-	-	(2,392)
At 31 March 2025	139,986	28,500	155,398	323,884
Depreciation
At 1 April 2024	47,429	16,625	40,470	104,524
Charge for the year	23,696	2,969	28,740	55,405
Eliminated on disposal	(2,214)	-	-	(2,214)
At 31 March 2025	68,911	19,594	69,210	157,715
Carrying amount
At 31 March 2025	71,075	8,906	86,188	166,169
At 31 March 2024	33,889	11,875	66,961	112,725

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Other inventories	54,821	61,985

6

Debtors

Current	2025 £	2024 £
Trade debtors	65,951	79,653
Prepayments	10,039	8,500
Other debtors	34,798	34,531
	110,788	122,684

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	76,272	74,276
Trade creditors		107,057	101,602
Taxation and social security		4,019	6,039
Accruals and deferred income		5,347	4,452
Other creditors		49,145	94,191
		241,840	280,560

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	201,299	78,937

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	181,739	38,508
Hire purchase contracts	19,560	40,429
	201,299	78,937

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	30,436	12,844
Bank overdrafts	9,662	12,607
Hire purchase contracts	20,220	21,321
Other borrowings	15,954	27,504
	76,272	74,276

10	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	62,955	62,955
Advanced	8,038	8,038
Repaid	(50,896)	(50,896)
At end of period	20,097	20,097

Single Variety Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2024	Key management £	Total £
At start of period	92,269	92,269
Advanced	30,531	30,531
Repaid	(59,845)	(59,845)
At end of period	62,955	62,955