Company Registration No. 12013611 (England and Wales)
Rethink Signs Group Ltd
Unaudited accounts
for the year ended 31 May 2023
Rethink Signs Group Ltd
Unaudited accounts
Contents
Rethink Signs Group Ltd
Company Information
for the year ended 31 May 2023
Director
Mr Mark Eccleston
Company Number
12013611 (England and Wales)
Registered Office
Unit 5e Goodlass Road
Phoenix Park
Liverpool
Merseyside
L24 9HL
UK
Accountants
RJB Accountancy Services
5 Beech Drive
Mold
Flintshire
CH7 1TD
Rethink Signs Group Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
5,552
58,547
Creditors: amounts falling due within one year
(14,572)
(60,570)
Net current assets/(liabilities)
9,102
(14)
Total assets less current liabilities
14,654
58,533
Creditors: amounts falling due after more than one year
(56,560)
(77,315)
Net liabilities
(41,906)
(18,782)
Called up share capital
1
1
Profit and loss account
(41,907)
(18,783)
Shareholders' funds
(41,906)
(18,782)
For the year ending 31 May 2023 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 director acknowledges his 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 and authorised for issue on 21 September 2023 and were signed on its behalf by
Mr Mark Eccleston
Director
Company Registration No. 12013611
Rethink Signs Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
Rethink Signs Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12013611. The registered office is Unit 5e Goodlass Road, Phoenix Park, Liverpool, Merseyside, L24 9HL, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15% straight line
Motor vehicles
15% straight line
Fixtures & fittings
15% straight line
Computer equipment
15% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2022
67,397
12,207
7,837
1,042
88,483
Disposals
(67,397)
-
(7,837)
(1,042)
(76,276)
At 31 May 2023
-
12,207
-
-
12,207
At 1 June 2022
22,041
4,824
2,645
426
29,936
Charge for the year
-
1,831
-
-
1,831
On disposals
(22,041)
-
(2,645)
(426)
(25,112)
At 31 May 2023
-
6,655
-
-
6,655
At 31 May 2023
-
5,552
-
-
5,552
At 31 May 2022
45,356
7,383
5,192
616
58,547
Rethink Signs Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
22,163
31,901
Amounts due from group undertakings etc.
1,461
10,115
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,155
7,841
Amounts owed to group undertakings and other participating interests
-
47,190
Taxes and social security
-
29
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
22,084
38,315
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Mark Eccleston
18,040
-
-
18,040
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).