REGISTERED NUMBER: 04690640 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & J SINGH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Singh

REGISTERED OFFICE:

6 Smithy Glen Drive

Billinge

WIGAN

WN5 7XH

REGISTERED NUMBER:

04690640 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Tangible assets

4

2,178

2,905

Investments

5

100

100

2,278

3,005

CURRENT ASSETS

Stocks

6

68,052

55,764

Debtors

7

689,022

698,258

Cash at bank and in hand

318

23,313

757,392

777,335

CREDITORS

Amounts falling due within one year

8

(322,895

)

(345,991

)

NET CURRENT ASSETS

434,497

431,344

TOTAL ASSETS LESS CURRENT LIABILITIES

436,775

434,349

CAPITAL AND RESERVES

Called up share capital

10

3,100

3,100

Retained earnings

11

433,675

431,249

SHAREHOLDERS' FUNDS

436,775

434,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 19 December 2018 and were signed by:

A Singh - Director

1.	STATUTORY INFORMATION

A & J Singh 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 25% reducing balance

Motor Vehicles - 25% 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and

Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method unless the arrangement constitutes a financing transaction, where the

transaction is measured at the present value of the future cash flows discounted at a market rate of

interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in

the assets of the company after deducting all of its liabilities.

Basic financial liabilities:

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price

unless the arrangement constitutes a financing transaction, where the debt instrument is measured at

the present value of future cash flows discounted at a market rate of interest. Financial liabilities

classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Amounts payable are classified as current liabilities if the payment

is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are

recognised initially at transaction price and subsequently measured at amortised cost using the

effective interest rate method.

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 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.

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 10 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

34,580

4,425

39,005

DEPRECIATION

At 1 April 2017

32,266

3,834

36,100

Charge for year

579

148

727

At 31 March 2018

32,845

3,982

36,827

NET BOOK VALUE

At 31 March 2018

1,735

443

2,178

At 31 March 2017

2,314

591

2,905

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 April 2017

and 31 March 2018

100

NET BOOK VALUE

At 31 March 2018

100

At 31 March 2017

100

6.

STOCKS

31.3.18

31.3.17

£

£

Stocks

68,052

55,764

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

126,988

141,853

Amounts owed by group undertakings

382,306

382,286

Other debtors

163,232

163,232

VAT

15,682

9,874

Deferred tax asset

-

341

Prepayments

814

672

689,022

698,258

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts (see note 9)

10,475

-

Trade creditors

140,725

159,408

Tax

6,620

-

Social security and other taxes

211

-

Directors' current accounts

159,059

180,895

Accrued expenses

5,805

5,688

322,895

345,991

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.18

31.3.17

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

10,475

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary shares

£1

100

100

300,000

Type E shares

£0.01

3,000

3,000

3,100

3,100

11.

RESERVES

Retained

earnings

£

At 1 April 2017

431,249

Profit for the year

29,426

Dividends

(27,000

)

At 31 March 2018

433,675

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £27,000 were paid to the director .