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REGISTERED NUMBER: 03118214 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

SHOWOFF DISPLAY LIMITED

SHOWOFF DISPLAY LIMITED (REGISTERED NUMBER: 03118214)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOWOFF DISPLAY LIMITED

COMPANY INFORMATION
for the year ended 30 November 2021







DIRECTOR: Mrs L D Russon





REGISTERED OFFICE: 3 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
CV34 6LW





REGISTERED NUMBER: 03118214 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

SHOWOFF DISPLAY LIMITED (REGISTERED NUMBER: 03118214)

BALANCE SHEET
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 606 809

CURRENT ASSETS
Debtors 5 1,498 5,894

CREDITORS
Amounts falling due within one year 6 24,176 18,844
NET CURRENT LIABILITIES (22,678 ) (12,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,072

)

(12,141

)

CREDITORS
Amounts falling due after more than one
year

7

7,059

7,950
NET LIABILITIES (29,131 ) (20,091 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,231 ) (20,191 )
SHAREHOLDERS' FUNDS (29,131 ) (20,091 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SHOWOFF DISPLAY LIMITED (REGISTERED NUMBER: 03118214)

BALANCE SHEET - continued
30 November 2021


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 11 August 2022 and were signed by:





Mrs L D Russon - Director


SHOWOFF DISPLAY LIMITED (REGISTERED NUMBER: 03118214)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2021


1. STATUTORY INFORMATION

Showoff Display 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 accounts have been prepared on a going concern basis, the company is dependent on the support of company creditors and director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

SHOWOFF DISPLAY LIMITED (REGISTERED NUMBER: 03118214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2020
and 30 November 2021 7,079 6,162 13,241
DEPRECIATION
At 1 December 2020 6,943 5,489 12,432
Charge for year 34 169 203
At 30 November 2021 6,977 5,658 12,635
NET BOOK VALUE
At 30 November 2021 102 504 606
At 30 November 2020 136 673 809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,498 5,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 21,457 14,497
Trade creditors 1,188 3,449
Taxation and social security 781 -
Other creditors 750 898
24,176 18,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 7,059 7,950

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 750

SHOWOFF DISPLAY LIMITED (REGISTERED NUMBER: 03118214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
Mrs L D Russon
Balance outstanding at start of year 4,173 (2,528 )
Amounts advanced 1,954 16,753
Amounts repaid (6,127 ) (10,052 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,173

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by the Director Mrs L D Russon.