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REGISTERED NUMBER: 10065263 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HLB (SIGNS) LIMITED

HLB (SIGNS) LIMITED (REGISTERED NUMBER: 10065263)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLB (SIGNS) LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTOR: Mrs E H Wood





REGISTERED OFFICE: East Unit
Hookstone Park
Harrogate
North Yorkshire
HG2 7DB





REGISTERED NUMBER: 10065263 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

HLB (SIGNS) LIMITED (REGISTERED NUMBER: 10065263)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,678 13,375

CURRENT ASSETS
Stocks 2,050 2,050
Debtors 5 119,629 112,865
Cash at bank and in hand 56,263 358,767
177,942 473,682
CREDITORS
Amounts falling due within one year 6 86,292 118,241
NET CURRENT ASSETS 91,650 355,441
TOTAL ASSETS LESS CURRENT LIABILITIES 136,328 368,816

CREDITORS
Amounts falling due after more than
one year

7

(98,943

)

(100,208

)

PROVISIONS FOR LIABILITIES (3,925 ) (2,541 )
NET ASSETS 33,460 266,067

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 33,260 265,867
SHAREHOLDERS' FUNDS 33,460 266,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

HLB (SIGNS) LIMITED (REGISTERED NUMBER: 10065263)

BALANCE SHEET - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





Mrs E H Wood - Director


HLB (SIGNS) LIMITED (REGISTERED NUMBER: 10065263)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

HLB (Signs) 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 each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

HLB (SIGNS) LIMITED (REGISTERED NUMBER: 10065263)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 25,387 1,059 35,582 3,469 65,497
Additions 3,287 - 46,144 465 49,896
At 31 March 2023 28,674 1,059 81,726 3,934 115,393
DEPRECIATION
At 1 April 2022 18,322 467 31,014 2,319 52,122
Charge for year 3,634 212 14,028 719 18,593
At 31 March 2023 21,956 679 45,042 3,038 70,715
NET BOOK VALUE
At 31 March 2023 6,718 380 36,684 896 44,678
At 31 March 2022 7,065 592 4,568 1,150 13,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,359 12,101
Amounts owed by group undertakings 97,907 97,947
Other debtors 3,363 2,817
119,629 112,865

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 32,500 29,792
Hire purchase contracts 6,313 -
Trade creditors 23,141 21,742
Taxation and social security 19,303 60,192
Other creditors 5,035 6,515
86,292 118,241

HLB (SIGNS) LIMITED (REGISTERED NUMBER: 10065263)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 67,708 100,208
Hire purchase contracts 31,235 -
98,943 100,208

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
170 A Ordinary £1 170 170
30 B Ordinary £1 30 30
200 200