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REGISTERED NUMBER: 06479227 (England and Wales)










SHINGLER CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






SHINGLER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06479227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHINGLER CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J K Shingler
J D Shingler





SECRETARY: J K Shingler





REGISTERED OFFICE: Hillcrest Works
Myddle
Shrewsbury
Shropshire
SY4 3SE





REGISTERED NUMBER: 06479227 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

SHINGLER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06479227)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,010 82,829

CURRENT ASSETS
Stocks 56,395 49,327
Debtors 5 2,227,400 1,398,513
Cash at bank 49,713 573,758
2,333,508 2,021,598
CREDITORS
Amounts falling due within one year 6 995,550 686,099
NET CURRENT ASSETS 1,337,958 1,335,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,968

1,418,328

PROVISIONS FOR LIABILITIES 27,963 19,327
NET ASSETS 1,416,005 1,399,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,415,905 1,398,901
SHAREHOLDERS' FUNDS 1,416,005 1,399,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

SHINGLER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06479227)

BALANCE SHEET - continued
31 JANUARY 2024


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 18 September 2024 and were signed on its behalf by:





J K Shingler - Director


SHINGLER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06479227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Shingler Construction 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.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
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 stocks to their present location and condition.

Profit on contracts is included in work in progress where, in the opinion of the directors the profit has been earned.

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.


SHINGLER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06479227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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 41 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipmt Totals
£    £    £    £   
COST
At 1 February 2023 264,231 89,773 16,867 370,871
Additions 67,671 - 963 68,634
Disposals (30,000 ) - - (30,000 )
At 31 January 2024 301,902 89,773 17,830 409,505
DEPRECIATION
At 1 February 2023 199,808 75,047 13,187 288,042
Charge for year 39,108 3,696 2,648 45,452
Eliminated on disposal (29,999 ) - - (29,999 )
At 31 January 2024 208,917 78,743 15,835 303,495
NET BOOK VALUE
At 31 January 2024 92,985 11,030 1,995 106,010
At 31 January 2023 64,423 14,726 3,680 82,829

SHINGLER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06479227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,623,821 998,301
Due from related company 519,784 303,098
VAT 53,395 56,589
Prepayments 30,400 40,525
2,227,400 1,398,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 823,843 410,459
Tax 38,816 67,235
Social security and other taxes 36,059 34,719
Other creditors 10,747 52,296
Directors' loan accounts 80,000 120,000
Accrued expenses 6,085 1,390
995,550 686,099

7. RELATED PARTY DISCLOSURES

At the end of the year £519,784 (2023: £303,098) was owed to Shingler Construction Ltd by a company that has directors in common.