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REGISTERED NUMBER: 10680772 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Onsigns Limited

Onsigns Limited (Registered number: 10680772)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Onsigns Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mr A D Atkinson





REGISTERED OFFICE: Unit 20 Carcroft Enterprise Park
Carcroft
Doncaster
United Kingdom
DN6 8DD





REGISTERED NUMBER: 10680772 (England and Wales)





ACCOUNTANTS: TB Accounting Services
146 Newlaithes Road
Horsforth
Leeds
West Yorkshire
LS18 4SY

Onsigns Limited (Registered number: 10680772)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,200
Tangible assets 5 30,841 6,781
Investments 6 100 100
30,941 9,081

CURRENT ASSETS
Stocks 2,375 1,950
Debtors 7 85,788 75,526
Cash at bank 901 6,872
89,064 84,348
CREDITORS
Amounts falling due within one year 8 55,499 49,372
NET CURRENT ASSETS 33,565 34,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,506

44,057

CREDITORS
Amounts falling due after more than
one year

9

(10,329

)

-

PROVISIONS FOR LIABILITIES (5,860 ) (1,288 )
NET ASSETS 48,317 42,769

Onsigns Limited (Registered number: 10680772)

Balance Sheet - continued
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,217 42,669
SHAREHOLDERS' FUNDS 48,317 42,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 director and authorised for issue on 27 August 2022 and were signed by:





Mr A D Atkinson - Director


Onsigns Limited (Registered number: 10680772)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Onsigns 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.

Preparation of consolidated financial statements
The financial statements contain information about Onsigns Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Onsigns Limited (Registered number: 10680772)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 2 (2021 - 2 ) .

Onsigns Limited (Registered number: 10680772)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 11,000
AMORTISATION
At 1 April 2021 8,800
Amortisation for year 2,200
At 31 March 2022 11,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 2,200

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2021 18,979
Additions 31,993
Disposals (9,791 )
At 31 March 2022 41,181
DEPRECIATION
At 1 April 2021 12,198
Charge for year 4,058
Eliminated on disposal (5,916 )
At 31 March 2022 10,340
NET BOOK VALUE
At 31 March 2022 30,841
At 31 March 2021 6,781

Onsigns Limited (Registered number: 10680772)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2021
and 31 March 2022 100
NET BOOK VALUE
At 31 March 2022 100
At 31 March 2021 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Chevrons Direct Limited
Registered office: Unit 20, Carcroft Enterprise Park, Carcroft, Doncaster, South Yorkshire, DN6 8DD
Nature of business: Dormant Company
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 69,415 59,361
Other debtors 9,705 5,000
Directors' current accounts 6,153 10,688
Prepayments 515 477
85,788 75,526

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 5,286 -
Hire purchase 4,130 -
Trade creditors 11,059 12,854
Tax 16,687 19,965
Social security and other taxes 565 1,070
VAT 15,596 12,236
Other creditors 2,046 2,164
Amounts owed to group
undertakings 100 100
Accrued expenses 30 983
55,499 49,372

Onsigns Limited (Registered number: 10680772)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase 10,329 -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
Mr A D Atkinson
Balance outstanding at start of year 10,687 38,195
Amounts advanced 95,006 71,972
Amounts repaid (99,540 ) (99,480 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,153 10,687

11. RELATED PARTY DISCLOSURES

Chevrons Direct Limited
(Subsidiary company)
As at the balance sheet date, the company owed Chevrons Direct Limited £100 (2021 - £100). The loan is interest free and repayable on demand.

Shy Tot Graphics Limited
(Associated company)
As at the balance sheet date, the company was owed by Shy Tot Graphics Limited £8,705 (2021 - £5,000). The loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A D Atkinson.