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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
Page
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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
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Rethink Signs Group Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,552 
58,547 
Current assets
Inventories
50 
500 
Debtors
23,624 
60,056 
23,674 
60,556 
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)
Capital and reserves
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
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Rethink Signs Group Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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
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 
Depreciation
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 
Net book value
At 31 May 2023
- 
5,552 
- 
- 
5,552 
At 31 May 2022
45,356 
7,383 
5,192 
616 
58,547 
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Rethink Signs Group Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,163 
31,901 
Amounts due from group undertakings etc.
1,461 
10,115 
Other debtors
- 
18,040 
23,624 
60,056 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,155 
7,841 
VAT
1,419 
4,470 
Trade creditors
1,098 
290 
Amounts owed to group undertakings and other participating interests
- 
47,190 
Taxes and social security
- 
29 
Accruals
900 
750 
14,572 
60,570 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,476 
39,000 
Other creditors
22,084 
38,315 
56,560 
77,315 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Mark Eccleston
Loan to Mark Eccleston
18,040 
- 
- 
18,040 
18,040 
- 
- 
18,040 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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