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Company Registration No. 02557407 (England and Wales)
Ashby Signs Limited Unaudited accounts for the year ended 31 December 2022
Ashby Signs Limited Unaudited accounts Contents
Page
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Ashby Signs Limited Company Information for the year ended 31 December 2022
Directors
Nicholas Horseman Charles Horseman
Company Number
02557407 (England and Wales)
Registered Office
Unit 1 Hatch Industrial Park Greywell Road Basingstoke Hampshire RG24 7NG
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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Ashby Signs Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
493,605 
482,971 
Tangible assets
3,489,239 
3,073,785 
3,982,844 
3,556,756 
Current assets
Inventories
951,796 
711,102 
Debtors
1,152,073 
1,141,485 
Cash at bank and in hand
1,138,501 
910,105 
3,242,370 
2,762,692 
Creditors: amounts falling due within one year
(4,148,122)
(3,855,065)
Net current liabilities
(905,752)
(1,092,373)
Total assets less current liabilities
3,077,092 
2,464,383 
Creditors: amounts falling due after more than one year
(536,021)
(831,750)
Provisions for liabilities
Deferred tax
(69,188)
(43,291)
Net assets
2,471,883 
1,589,342 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
300,000 
- 
Profit and loss account
2,170,883 
1,588,342 
Shareholders' funds
2,471,883 
1,589,342 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2023 and were signed on its behalf by
Charles Horseman Director Company Registration No. 02557407
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Ashby Signs Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Ashby Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 02557407. The registered office is Unit 1 Hatch Industrial Park, Greywell Road, Basingstoke, Hampshire, RG24 7NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 year useful economic life
Motor vehicles
5 year useful economic life
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2022
603,713 
Additions
78,894 
At 31 December 2022
682,607 
Amortisation
At 1 January 2022
120,742 
Charge for the year
68,260 
At 31 December 2022
189,002 
Net book value
At 31 December 2022
493,605 
At 31 December 2021
482,971 
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Ashby Signs Limited Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 January 2022
2,845,942 
1,907,889 
38,925 
4,792,756 
Additions
- 
150,286 
50,993 
201,279 
Revaluations
300,000 
- 
- 
300,000 
At 31 December 2022
3,145,942 
2,058,175 
89,918 
5,294,035 
Depreciation
At 1 January 2022
- 
1,683,404 
35,567 
1,718,971 
Charge for the year
- 
74,954 
10,871 
85,825 
At 31 December 2022
- 
1,758,358 
46,438 
1,804,796 
Net book value
At 31 December 2022
3,145,942 
299,817 
43,480 
3,489,239 
At 31 December 2021
2,845,942 
224,485 
3,358 
3,073,785 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,948 
21,248 
Amounts due from group undertakings etc.
1,095,277 
1,094,827 
Other debtors
41,848 
25,410 
1,152,073 
1,141,485 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
65,010 
65,010 
VAT
78,899 
- 
Trade creditors
161,206 
223,615 
Amounts owed to group undertakings and other participating interests
3,711,266 
3,338,685 
Taxes and social security
85,581 
217,557 
Other creditors
39,885 
7,001 
Accruals
6,275 
3,197 
4,148,122 
3,855,065 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
536,021 
831,750 
9
Average number of employees
During the year the average number of employees was 40 (2021: 40).
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