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REGISTERED NUMBER: 09118784 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SINGH CONCRETE LTD

SINGH CONCRETE LTD (REGISTERED NUMBER: 09118784)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SINGH CONCRETE LTD

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTORS: D Kaur
S Singh
H Kaur





REGISTERED OFFICE: Former Beaver Depot Birtley Road
Bramley
Guildford
Surrey
GU5 0LA





REGISTERED NUMBER: 09118784 (England and Wales)

SINGH CONCRETE LTD (REGISTERED NUMBER: 09118784)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,576,907 1,565,431

CURRENT ASSETS
Stocks 36,750 54,900
Debtors 233,028 201,074
Cash at bank and in hand 37,174 95,903
306,952 351,877
CREDITORS
Amounts falling due within one year 949,034 855,562
NET CURRENT LIABILITIES (642,082 ) (503,685 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,825

1,061,746

CREDITORS
Amounts falling due after more than one year (712,301 ) (786,429 )

PROVISIONS FOR LIABILITIES (33,263 ) (46,178 )
NET ASSETS 189,261 229,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 189,161 229,039
189,261 229,139

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

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 May 2025 and were signed on its behalf by:



D Kaur - Director


SINGH CONCRETE LTD (REGISTERED NUMBER: 09118784)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

Singh Concrete 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of concrete, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land-Not depreciated
Buildings-2% on cost
Plant and machinery-10% reducing balance
Office equipment-20% on cost
Motor vehicles-10% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account 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.

SINGH CONCRETE LTD (REGISTERED NUMBER: 09118784)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 1,916,042
Additions 122,600
Disposals (80,000 )
At 31 July 2024 1,958,642
DEPRECIATION
At 1 August 2023 350,611
Charge for year 99,368
Eliminated on disposal (68,244 )
At 31 July 2024 381,735
NET BOOK VALUE
At 31 July 2024 1,576,907
At 31 July 2023 1,565,431

Included in cost of land and buildings is freehold land of £ 625,000 (2023 - £ 625,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2023 748,070
Additions 122,600
Disposals (80,000 )
At 31 July 2024 790,670
DEPRECIATION
At 1 August 2023 233,367
Charge for year 81,860
Eliminated on disposal (68,244 )
At 31 July 2024 246,983
NET BOOK VALUE
At 31 July 2024 543,687
At 31 July 2023 514,703

SINGH CONCRETE LTD (REGISTERED NUMBER: 09118784)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 157,941 107,658
Between one and five years 227,612 281,139
385,553 388,797

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 526,689 547,290

A fixed charge containing a negative pledge was created over the freehold known as 84 Beaver Depot, Birtley Road, Bramley, Guildford on 25 January 2018 by HSBC Bank PLC to secure all monies due or becoming due.

A fixed and floating charge containing a negative pledge was created over the debenture by HSBC Bank PLC on 8 January 2018 to secure all monies due or becoming due.

A fixed and floating charge containing a negative pledge was created over the debenture by Gc Factoring LTD on 26 March 2021 to secure all monies due or becoming due.