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REGISTERED NUMBER: 07792753 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2021 to 30 October 2022

for

Poole Signs & Engraving Ltd

Poole Signs & Engraving Ltd (Registered number: 07792753)






Contents of the Financial Statements
for the Period 1 November 2021 to 30 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poole Signs & Engraving Ltd

Company Information
for the Period 1 November 2021 to 30 October 2022







DIRECTORS: Mr Danny Hampton
Mr Shaun Robert Jewell





REGISTERED OFFICE: Unit 6 71 Nuffield Road
Nuffield Industrial Estate
Poole
Dorset
BH17 0RR





REGISTERED NUMBER: 07792753 (England and Wales)





ACCOUNTANTS: Birkett & Co Ltd
186b Lower Blandford Road
Broadstone
Dorset
BH18 8DP

Poole Signs & Engraving Ltd (Registered number: 07792753)

Balance Sheet
30 October 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 50,000 50,000
Tangible assets 5 27,177 33,065
77,177 83,065

CURRENT ASSETS
Stocks 2,890 2,890
Debtors 6 50,173 51,454
Cash at bank 6,002 22,810
59,065 77,154
CREDITORS
Amounts falling due within one year 7 (60,220 ) (56,392 )
NET CURRENT (LIABILITIES)/ASSETS (1,155 ) 20,762
TOTAL ASSETS LESS CURRENT LIABILITIES 76,022 103,827

CREDITORS
Amounts falling due after more than one
year

8

(47,100

)

(50,000

)

PROVISIONS FOR LIABILITIES (5,163 ) -
NET ASSETS 23,759 53,827

Poole Signs & Engraving Ltd (Registered number: 07792753)

Balance Sheet - continued
30 October 2022

2022 2021
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,757 53,825
SHAREHOLDERS' FUNDS 23,759 53,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2022 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 29 September 2023 and were signed on its behalf by:





Mr Danny Hampton - Director


Poole Signs & Engraving Ltd (Registered number: 07792753)

Notes to the Financial Statements
for the Period 1 November 2021 to 30 October 2022

1. STATUTORY INFORMATION

Poole Signs & Engraving Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildingsover 50 years
Leasehold land and buildings over the lease term
Plant and machinery20% straight line
Fixtures, fittings, tools and equipment20% straight line

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


Poole Signs & Engraving Ltd (Registered number: 07792753)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 30 October 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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 period was 4 (2021 - 4 ) .

Poole Signs & Engraving Ltd (Registered number: 07792753)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 30 October 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2021
and 30 October 2022 50,000
NET BOOK VALUE
At 30 October 2022 50,000
At 31 October 2021 50,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 November 2021 132,328 - - 132,328
Additions - 371 535 906
At 30 October 2022 132,328 371 535 133,234
DEPRECIATION
At 1 November 2021 99,263 - - 99,263
Charge for period 6,613 74 107 6,794
At 30 October 2022 105,876 74 107 106,057
NET BOOK VALUE
At 30 October 2022 26,452 297 428 27,177
At 31 October 2021 33,065 - - 33,065

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 49,385 49,296
Other debtors 788 2,158
50,173 51,454

Poole Signs & Engraving Ltd (Registered number: 07792753)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 30 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,321 3,085
Taxation and social security 53,633 38,746
Other creditors 5,266 14,561
60,220 56,392

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 47,100 50,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,944 23,125