REGISTERED NUMBER: 01809446 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

SINGLETON & SMART LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Eccles

A Mylecraine

SECRETARY:

L Askham

REGISTERED OFFICE:

71 Chorley Road

Blackpool

Lancashire

FY3 7XQ

REGISTERED NUMBER:

01809446 (England and Wales)

ACCOUNTANTS:

Keenan Chartered Accountants

The Old Surgery

43 Derbe Road

Lytham St Annes

Lancashire

FY8 1NJ

BANKERS:

Barclays Bank

PO Box 8

2/4 Birley Street

Blackpool

FY1 1DX

FIXED ASSETS

Tangible assets

4

96,939

158,464

CURRENT ASSETS

Debtors

5

611,616

588,751

Cash at bank and in hand

142,001

142,833

753,617

731,584

CREDITORS

Amounts falling due within one year

6

575,303

641,023

NET CURRENT ASSETS

178,314

90,561

TOTAL ASSETS LESS CURRENT LIABILITIES

275,253

249,025

PROVISIONS FOR LIABILITIES

21,551

36,762

NET ASSETS

253,702

212,263

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

253,700

212,261

SHAREHOLDERS' FUNDS

253,702

212,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

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 22 July 2026 and were signed on its behalf by:

A Mylecraine - Director

1.	STATUTORY INFORMATION

Singleton & Smart 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on cost

All fixed assets are initially recorded 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.

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 defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Provisions for liabilities

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for the contract. The amount by which this value exceeds the value of applications and invoices issued at the year end is included in the balance sheet under debtors and described as amounts recoverable under contracts. Revenues derived from the variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for all losses on all contracts in the year in which they are first foreseen.

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 mortised 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 amortised 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 22 (2025 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2025

101,861

75,626

404,907

582,394

Additions

-

1,785

-

1,785

Disposals

(49,035

)

(7,209

)

(26,981

)

(83,225

)

At 28 February 2026

52,826

70,202

377,926

500,954

DEPRECIATION

At 1 March 2025

96,568

68,726

258,636

423,930

Charge for year

1,279

1,460

60,289

63,028

Eliminated on disposal

(48,868

)

(7,095

)

(26,980

)

(82,943

)

At 28 February 2026

48,979

63,091

291,945

404,015

NET BOOK VALUE

At 28 February 2026

3,847

7,111

85,981

96,939

At 28 February 2025

5,293

6,900

146,271

158,464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

542,837

504,062

Amounts owed by group undertakings

13,867

-

Amounts recoverable on long term contracts

33,870

40,825

Other debtors

21,042

43,864

611,616

588,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

245,988

361,284

Amounts owed to group undertakings

-

1,895

Taxation and social security

163,913

137,509

Other creditors

165,402

140,335

575,303

641,023

7.	CONTINGENT LIABILITIES

A group VAT registration was in existence during the year. On 28 February 2026, the amount due to HM Revenue and Customs in relation to other group companies totalled £Nil (2025 - £Nil)

8.	OTHER FINANCIAL COMMITMENTS

As at 28 February 2026, the company had no commitments under non-cancellable operating leases over the remaining life of those leases £Nil (2025 - £Nil)

9.	RELATED PARTY DISCLOSURES

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.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Singleton & Smart Construction Ltd, whose registered office address is 71 Chorley Road, Blackpool, England, FY3 7XQ.