Singularity It Limited - Accounts

SINGULARITY IT LIMITED - Company Information

Singularity It Limited 09329077 IT Consultancy and support false 1 December 2016 09329077 2016-12-01 2017-11-30 09329077 2016-11-30 09329077 2017-11-30 09329077 2015-12-01 2016-11-30 09329077 2015-11-30 09329077 2016-11-30 09329077 frs102-bus:FRS102 2016-12-01 2017-11-30 09329077 frs102-bus:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30 09329077 frs102-bus:FullAccounts 2016-12-01 2017-11-30 09329077 frs102-bus:AuditExemptWithAccountantsReport 2016-12-01 2017-11-30 09329077 frs102-core:CurrentFinancialInstruments 2017-11-30 09329077 frs102-core:CurrentFinancialInstruments 2016-11-30 09329077 frs102-core:ShareCapital 2017-11-30 09329077 frs102-core:ShareCapital 2016-11-30 09329077 frs102-core:RetainedEarningsAccumulatedLosses 2017-11-30 09329077 frs102-core:RetainedEarningsAccumulatedLosses 2016-11-30 09329077 frs102-bus:Director1 2016-12-01 2017-11-30 09329077 frs102-core:OfficeEquipment 2016-12-01 2017-11-30 09329077 frs102-core:OfficeEquipment 2016-11-30 09329077 frs102-core:OfficeEquipment 2017-11-30 09329077 frs102-core:OfficeEquipment 2016-11-30 09329077 frs102-bus:OrdinaryShareClass1 2017-11-30 09329077 frs102-bus:OrdinaryShareClass1 2016-11-30 09329077 frs102-bus:OrdinaryShareClass1 2016-12-01 2017-11-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	09329077

	Singularity It Limited
	Unaudited Accounts
	for the year ended
	30 November 2017

Singularity It Limited Balance Sheet as at 30 November 2017
	Notes		2017 £		2016 £
Fixed assets
Tangible assets	3		1,655		1,820
			1,655		1,820

Current assets
Debtors		522		0
Cash at bank and in hand		9,774		13,503
		10,296		13,503

Creditors: amounts falling due within one year		(10,640)		(11,758)

Net current assets / (liabilities)			(344)		1,745

Total assets less current liabilities			1,311		3,565

Provisions for liabilities			(314)		(364)

Total net assets (liabilities)			997		3,201

Capital and reserves
Called up share capital	4		100		100
Profit and loss account			897		3,101
Shareholders' funds			997		3,201

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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 November 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr D Harrison

Director

Approved by the board on 24 February 2018

Company No: 09329077 (England and Wales)

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
	Changes in accounting standards, policies and estimates The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Office equipment

20% Reducing Balance

	Deferred taxation
	Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Deferred taxation

Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Employees
	2017	2016
Average number of employees during the period	1	1

Tangible fixed assets
	Office equipment	Total
Cost or valuation	£	£
At 1 December 2016	2,570	2,570
Additions	249	249
At 30 November 2017	2,819	2,819
Depreciation
At 1 December 2016	750	750
Charge for the period	414	414
At 30 November 2017	1,164	1,164
Net book value
At 30 November 2017	1,655	1,655
At 30 November 2016	1,820	1,820

Share capital
	2017	2016
	£	£
Allotted, called up and fully paid:
100 (2016: 100) Ordinary shares of £1.00 each	100	100

	100	100

5.	Commitments, guarantees and contingencies
	Notes Capital pension lease and other financial commitments, guarantees and contingencies The company had no capital, pension, lease or other financial commitments, guarantees and contingencies at 30 November 2017.

Commitments, guarantees and contingencies

Notes

Capital pension lease and other financial commitments, guarantees and contingencies The company had no capital, pension, lease or other financial commitments, guarantees and contingencies at 30 November 2017.

6.	Other information
	Singularity IT Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Hawkswick House, Hawkswick, Harpenden Road, St Albans, Hertfordshire AL3 6JG. The financial statements are presented in Sterling, which is the functional currency of the company. During the year ended 30 November 2017 Mr D Harrison the sole director of the company, controlled the company as he owns all of the issued ordinary share capital. The principal activity of the company in the year under review was that of IT Consultancy and Support.

Other information

Singularity IT Limited is a private company limited by shares and incorporated in England and Wales.
Its registered office is Hawkswick House, Hawkswick, Harpenden Road, St Albans, Hertfordshire AL3 6JG.

The financial statements are presented in Sterling, which is the functional currency of the company.

During the year ended 30 November 2017 Mr D Harrison the sole director of the company, controlled the company as he owns all of the issued ordinary share capital.

The principal activity of the company in the year under review was that of IT Consultancy and Support.