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REGISTERED NUMBER: 02709974 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Singleton Engineering (UK) Limited

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






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Singleton Engineering (UK) Limited

Company Information
for the Year Ended 30 April 2024







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 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,019,804 1,178,948

CURRENT ASSETS
Stocks 93,450 72,815
Debtors 5 685,930 1,397,629
Cash at bank and in hand 1,119,214 1,219,654
1,898,594 2,690,098
CREDITORS
Amounts falling due within one year 6 632,388 1,155,509
NET CURRENT ASSETS 1,266,206 1,534,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,286,010

2,713,537

CREDITORS
Amounts falling due after more than one
year

7

(315,094

)

(431,049

)

PROVISIONS FOR LIABILITIES (188,435 ) (211,802 )
NET ASSETS 1,782,481 2,070,686

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 50 50
Retained earnings 1,782,281 2,070,486
1,782,481 2,070,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

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

Balance Sheet - continued
30 April 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 4 September 2024 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 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 59 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 May 2023 37,014 2,703,021 2,740,035
Additions - 23,536 23,536
At 30 April 2024 37,014 2,726,557 2,763,571
DEPRECIATION
At 1 May 2023 34,553 1,526,534 1,561,087
Charge for year 1,484 181,196 182,680
At 30 April 2024 36,037 1,707,730 1,743,767
NET BOOK VALUE
At 30 April 2024 977 1,018,827 1,019,804
At 30 April 2023 2,461 1,176,487 1,178,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 683,571 1,360,258
Other debtors 2,359 37,371
685,930 1,397,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Hire purchase contracts (see note 8) 115,955 110,594
Payments on account 65,980 347,948
Trade creditors 210,712 449,771
Taxation and social security 123,612 95,237
Other creditors 116,129 151,959
632,388 1,155,509

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£ £
Hire purchase contracts (see note 8) 315,094 431,049

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

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£ £
Net obligations repayable:
Within one year 115,955 110,594
Between one and five years 315,094 431,049
431,049 541,643

Non-cancellable
operating leases
30.4.24 30.4.23
£ £
Within one year 110,118 109,676

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£ £
Hire purchase contracts 431,049 541,643