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REGISTERED NUMBER: 02709974 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Singleton Engineering (UK) Limited

Singleton Engineering (UK) Limited (Registered number: 02709974)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Singleton Engineering (UK) Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr Duncan Charles Singleton
Mr Oliver Thomas Singleton





REGISTERED OFFICE: Blacknell Lane Industrial Estate
Crewkerne
Somerset
TA18 7HE





REGISTERED NUMBER: 02709974 (England and Wales)





ACCOUNTANTS: PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG

Singleton Engineering (UK) Limited (Registered number: 02709974)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,178,948 536,274

CURRENT ASSETS
Stocks 72,815 95,486
Debtors 5 1,397,629 1,920,398
Cash at bank and in hand 1,219,654 1,180,993
2,690,098 3,196,877
CREDITORS
Amounts falling due within one year 6 1,155,509 2,208,565
NET CURRENT ASSETS 1,534,589 988,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,713,537

1,524,586

CREDITORS
Amounts falling due after more than one year 7 (431,049 ) (246,223 )

PROVISIONS FOR LIABILITIES (211,802 ) (93,869 )
NET ASSETS 2,070,686 1,184,494

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 50 50
Retained earnings 2,070,486 1,184,294
2,070,686 1,184,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Singleton Engineering (UK) Limited (Registered number: 02709974)

Balance Sheet - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr Duncan Charles Singleton - Director


Singleton Engineering (UK) Limited (Registered number: 02709974)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Singleton Engineering (UK) 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 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.

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 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.

Singleton Engineering (UK) Limited (Registered number: 02709974)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2022 - 56 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 37,014 2,570,771 2,607,785
Additions - 932,250 932,250
Disposals - (800,000 ) (800,000 )
At 30 April 2023 37,014 2,703,021 2,740,035
DEPRECIATION
At 1 May 2022 33,069 2,038,442 2,071,511
Charge for year 1,484 88,092 89,576
Eliminated on disposal - (600,000 ) (600,000 )
At 30 April 2023 34,553 1,526,534 1,561,087
NET BOOK VALUE
At 30 April 2023 2,461 1,176,487 1,178,948
At 30 April 2022 3,945 532,329 536,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 1,360,258 1,910,128
Other debtors 37,371 10,270
1,397,629 1,920,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts - 63,636
Hire purchase contracts (see note 8) 110,594 18,724
Payments on account 347,948 550,156
Trade creditors 449,771 1,148,443
Taxation and social security 95,237 290,959
Other creditors 151,959 136,647
1,155,509 2,208,565

Singleton Engineering (UK) Limited (Registered number: 02709974)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 196,211
Hire purchase contracts (see note 8) 431,049 50,012
431,049 246,223

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.23 30.4.22
£    £   
Net obligations repayable:
Within one year 110,594 18,724
Between one and five years 431,049 50,012
541,643 68,736

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 109,676 109,675

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts 541,643 68,736

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Singleton Engineering (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Singleton Engineering (UK) Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Singleton Engineering (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Singleton Engineering (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Singleton Engineering (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Singleton Engineering (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Singleton Engineering (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Singleton Engineering (UK) Limited. You consider that Singleton Engineering (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Singleton Engineering (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG


16 October 2023