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REGISTERED NUMBER: 14117395 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

SINGLETON & SMART CONSTRUCTION LTD

SINGLETON & SMART CONSTRUCTION LTD (REGISTERED NUMBER: 14117395)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SINGLETON & SMART CONSTRUCTION LTD

Company Information
for the Year Ended 28 February 2024







DIRECTOR: A Mylecraine





SECRETARY: Mrs J M Mylecraine





REGISTERED OFFICE: 71 Chorley Road
Blackpool
FY3 7XQ





REGISTERED NUMBER: 14117395 (England and Wales)





ACCOUNTANTS: Keenan Chartered Accountants
The Old Surgery
43 Derbe Road
Lytham St Annes
Lancashire
FY8 1NJ

SINGLETON & SMART CONSTRUCTION LTD (REGISTERED NUMBER: 14117395)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187 -
Investments 5 1,517,030 1,509,530
1,517,217 1,509,530

CURRENT ASSETS
Debtors 6 10,117 -
Cash at bank 289,847 4,000
299,964 4,000
CREDITORS
Amounts falling due within one year 7 325,337 113,430
NET CURRENT LIABILITIES (25,373 ) (109,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,844

1,400,100

CREDITORS
Amounts falling due after more than one
year

8

1,103,168

1,400,000
NET ASSETS 388,676 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 388,576 -
388,676 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & SMART CONSTRUCTION LTD (REGISTERED NUMBER: 14117395)

Balance Sheet - continued
28 February 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 director and authorised for issue on 5 September 2024 and were signed by:





A Mylecraine - Director


SINGLETON & SMART CONSTRUCTION LTD (REGISTERED NUMBER: 14117395)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Singleton & Smart Construction Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Singleton & Smart Construction Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

SINGLETON & SMART CONSTRUCTION LTD (REGISTERED NUMBER: 14117395)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortized cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortized cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 249
At 28 February 2024 249
DEPRECIATION
Charge for year 62
At 28 February 2024 62
NET BOOK VALUE
At 28 February 2024 187

SINGLETON & SMART CONSTRUCTION LTD (REGISTERED NUMBER: 14117395)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023 1,509,530
Additions 7,500
At 28 February 2024 1,517,030
NET BOOK VALUE
At 28 February 2024 1,517,030
At 28 February 2023 1,509,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Amounts owed by group undertakings 9,374 -
Other debtors 743 -
10,117 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors (2 ) -
Taxation and social security 11,251 -
Other creditors 314,088 113,430
325,337 113,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Other creditors 1,103,168 1,400,000

9. CONTINGENT LIABILITIES

A group VAT registration was in existence during the year. On 28 February 2024, the amount due to HM Revenue and Customs in relation to other group companies totalled £156,038 (2023 - £Nil).

10. OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £200,700 (2023 £223,000).