Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-08-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03389557 2023-08-01 2024-07-31 03389557 2022-08-01 2023-07-31 03389557 2024-07-31 03389557 2023-07-31 03389557 c:Director4 2023-08-01 2024-07-31 03389557 d:FurnitureFittings 2023-08-01 2024-07-31 03389557 d:FurnitureFittings 2024-07-31 03389557 d:FurnitureFittings 2023-07-31 03389557 d:ComputerEquipment 2023-08-01 2024-07-31 03389557 d:ComputerEquipment 2024-07-31 03389557 d:ComputerEquipment 2023-07-31 03389557 d:Goodwill 2024-07-31 03389557 d:Goodwill 2023-07-31 03389557 d:CurrentFinancialInstruments 2024-07-31 03389557 d:CurrentFinancialInstruments 2023-07-31 03389557 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 03389557 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03389557 d:ShareCapital 2024-07-31 03389557 d:ShareCapital 2023-07-31 03389557 d:RetainedEarningsAccumulatedLosses 2024-07-31 03389557 d:RetainedEarningsAccumulatedLosses 2023-07-31 03389557 c:FRS102 2023-08-01 2024-07-31 03389557 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03389557 c:FullAccounts 2023-08-01 2024-07-31 03389557 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03389557 6 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 03389557










SHINGLETON & CO. LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 July 2024

 
SHINGLETON & CO. LIMITED
Registered number: 03389557

STATEMENT OF FINANCIAL POSITION
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 8 
1,000
1,000

Current assets
  

Debtors: amounts falling due within one year
 9 
24,973
24,973

Creditors: amounts falling due within one year
 10 
(30,000)
(30,000)

Net current liabilities
  
(5,027)
(5,027)

Total assets less current liabilities
  
(4,027)
(4,027)

  

Net liabilities
  
(4,027)
(4,027)


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
(6,027)
(6,027)

  
(4,027)
(4,027)


Page 1

 
SHINGLETON & CO. LIMITED
Registered number: 03389557
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 July 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2024.






M L Belcher
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SHINGLETON & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

1.


General information

Shingleton & Co. Limited (03389557) is a private company limited by shares and incorporated in England and Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance methods..

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
SHINGLETON & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 4

 
SHINGLETON & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Taxation



Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 19%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
295,000
270,000


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%)
73,750
51,300

Effects of:


Dividends from UK companies
(73,750)
(51,300)

Total tax charge for the year
-
-


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Dividends

2024
2023
£
£


Dividends analysis
295,000
270,000

Page 5

 
SHINGLETON & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

6.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
95,002



At 31 July 2024

95,002



Amortisation


At 1 August 2023
95,002



At 31 July 2024

95,002



Net book value



At 31 July 2024
-



At 31 July 2023
-



Page 6

 
SHINGLETON & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

7.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
4,629
9,893
14,522



At 31 July 2024

4,629
9,893
14,522



Depreciation


At 1 August 2023
4,629
9,893
14,522



At 31 July 2024

4,629
9,893
14,522



Net book value



At 31 July 2024
-
-
-



At 31 July 2023
-
-
-


8.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
1,000



At 31 July 2024
1,000





9.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
24,973
24,973


Page 7

 
SHINGLETON & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
30,000
30,000


 
Page 8