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REGISTERED NUMBER: 04263556 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Single Point Project Management Limited

Single Point Project Management Limited (Registered number: 04263556)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Single Point Project Management Limited

Company Information
for the year ended 31 August 2023







DIRECTORS: A Matthews
A. Hess
Mrs M Matthews



SECRETARY: A. Hess



REGISTERED OFFICE: Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN



REGISTERED NUMBER: 04263556 (England and Wales)



ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN



BANKERS: HSBC Bank PLC
202 Sloane Street
Knightsbridge
London
SW1X 9RG

Single Point Project Management Limited (Registered number: 04263556)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,329 2,561

CURRENT ASSETS
Work in progress 52,555 78,565
Debtors 5 81,689 60,745
Investments 6 - 609,738
Cash at bank 1,803,303 811,933
1,937,547 1,560,981
CREDITORS
Amounts falling due within one year 7 163,136 146,417
NET CURRENT ASSETS 1,774,411 1,414,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,779,740

1,417,125

PROVISIONS FOR LIABILITIES 1,332 640
NET ASSETS 1,778,408 1,416,485

CAPITAL AND RESERVES
Called up share capital 10,250 10,250
Share premium 2,563 2,563
Retained earnings 1,765,595 1,403,672
SHAREHOLDERS' FUNDS 1,778,408 1,416,485

Single Point Project Management Limited (Registered number: 04263556)

Balance Sheet - continued
31 August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





A Matthews - Director


Single Point Project Management Limited (Registered number: 04263556)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Single Point Project Management 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.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.

Investments
Investments in shares are included at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Single Point Project Management Limited (Registered number: 04263556)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 14,170 46,409 60,579
Additions 514 4,964 5,478
At 31 August 2023 14,684 51,373 66,057
DEPRECIATION
At 1 September 2022 11,963 46,055 58,018
Charge for year 861 1,849 2,710
At 31 August 2023 12,824 47,904 60,728
NET BOOK VALUE
At 31 August 2023 1,860 3,469 5,329
At 31 August 2022 2,207 354 2,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 68,540 57,852
Prepayments and accrued income 13,149 2,893
81,689 60,745

6. CURRENT ASSET INVESTMENTS
31.8.23 31.8.22
£    £   
Unlisted investments - 609,738

Single Point Project Management Limited (Registered number: 04263556)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 12,622 11,687
Tax 74,305 68,888
Social security and other taxes 6,374 6,535
VAT 33,282 39,813
Pension liability 3,472 3,472
Company credit card 170 -
Directors' current accounts 30,625 1,915
Accruals 2,286 14,107
163,136 146,417

8. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £119,000 (2022 £161,000).