Singer Contractors Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC531742 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Singer Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Singer

Mrs C J A Singer

REGISTERED OFFICE:

Beechview

Woodend

Newmacher

Aberdeen

Aberdeenshire

AB21 0QE

REGISTERED NUMBER:

SC531742 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

24,256

25,181

CURRENT ASSETS

Debtors

5

128,048

126,849

Cash at bank

24,603

24,204

152,651

151,053

CREDITORS

Amounts falling due within one year

6

116,993

155,982

NET CURRENT ASSETS/(LIABILITIES)

35,658

(4,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

59,914

20,252

PROVISIONS FOR LIABILITIES

4,009

4,784

NET ASSETS

55,905

15,468

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

55,895

15,458

SHAREHOLDERS' FUNDS

55,905

15,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 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 17 January 2024 and were signed on its behalf by:

Mr R Singer - Director

1.	STATUTORY INFORMATION

Singer Contractors Ltd is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 5 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2022

350

25,653

-

26,003

Additions

3,542

-

2,441

5,983

At 30 April 2023

3,892

25,653

2,441

31,986

DEPRECIATION

At 1 May 2022

32

790

-

822

Charge for year

973

5,130

805

6,908

At 30 April 2023

1,005

5,920

805

7,730

NET BOOK VALUE

At 30 April 2023

2,887

19,733

1,636

24,256

At 30 April 2022

318

24,863

-

25,181

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

126,431

126,026

Other debtors

1,617

823

128,048

126,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

19,805

20,589

Taxation and social security

43,582

17,343

Other creditors

53,606

118,050

116,993

155,982

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to (from) a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

Mr R Singer

Balance outstanding at start of year

(114,318

)

(1,535

)

Amounts advanced

63,243

-

Amounts repaid

(360

)

(112,783

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(51,435

)

(114,318

)

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them, own 100% of the issued share capital.