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REGISTERED NUMBER: 08943695 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PETTIT SINGLETON ASSOCIATES LTD

PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETTIT SINGLETON ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J D Dobson





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 08943695 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,788 50,531
38,788 50,531

CURRENT ASSETS
Debtors 6 740,306 827,051
Cash at bank and in hand 310,794 435,734
1,051,100 1,262,785
CREDITORS
Amounts falling due within one year 7 608,783 901,506
NET CURRENT ASSETS 442,317 361,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,105

411,810

CREDITORS
Amounts falling due after more than one
year

8

-

6,475
NET ASSETS 481,105 405,335

CAPITAL AND RESERVES
Called up share capital 9 50,100 50,100
Retained earnings 10 431,005 355,235
SHAREHOLDERS' FUNDS 481,105 405,335

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

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

PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)

BALANCE SHEET - continued
31 AUGUST 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 21 May 2025 and were signed by:





J D Dobson - Director


PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)

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

1. STATUTORY INFORMATION

Pettit Singleton Associates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of Creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible assets are originally stated 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.


PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 550,000
AMORTISATION
At 1 September 2023
and 31 August 2024 550,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Site and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 967 27,224 111,493 139,684
Additions - - 23,318 23,318
At 31 August 2024 967 27,224 134,811 163,002
DEPRECIATION
At 1 September 2023 893 20,624 67,636 89,153
Charge for year 74 6,239 28,748 35,061
At 31 August 2024 967 26,863 96,384 124,214
NET BOOK VALUE
At 31 August 2024 - 361 38,427 38,788
At 31 August 2023 74 6,600 43,857 50,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 366,075 364,644
Amounts recoverable on contract 49,462 205,866
Other debtors 58,981 267
Amounts due from related parties 65,174 89,019
Directors' current accounts 13,038 -
Deferred tax asset
Accelerated capital allowances 4,690 8,981
Prepayments and accrued income 182,886 158,274
740,306 827,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 97,644 91,843
Tax 49,800 84,012
Social security and other taxes 42,319 38,786
VAT 49,405 106,908
Other creditors 1,998 2,918
Amounts owed to related parties 239,922 351,192
Directors' current accounts 17,401 51,018
Accruals and deferred income 110,294 174,829
608,783 901,506

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Preference shares - 6,475

PETTIT SINGLETON ASSOCIATES LTD (REGISTERED NUMBER: 08943695)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
50,100 Ordinary £1 50,100 50,100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 355,235
Profit for the year 169,770
Dividends (94,000 )
At 31 August 2024 431,005

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31/8/24 31/8/23
£    £   
J D Dobson
Balance outstanding at start of year - -
Amounts advanced 13,037 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,037 -

12. RELATED PARTY DISCLOSURES

PSA Compliance Limited is a company under the control of the directors. Other creditors includes amounts owed to PSA Compliance Limited of £239,921 (2023: £351,191)

Pettit Singleton Associates (Cumbria) Limited is also under control of the Directors. Other debtors includes amounts owed by Pettit Singleton Associates (Cumbria) Limited of £65,174 (2023: 89,018). Trade debtors includes £34,146 owed by Pettit Singleton Associates (Cumbria) Limited.

13. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is under the common control of its shareholders.