2022-02-01 09975761 2023-01-31 09975761 2022-02-01 2023-01-31 09975761 2022-01-31 09975761 2021-02-01 2022-01-31 09975761 uk-core:WithinOneYear 2022-01-31 09975761 uk-core:WithinOneYear 2023-01-31 09975761 uk-core:AfterOneYear 2022-01-31 09975761 uk-core:AfterOneYear 2023-01-31 09975761 uk-core:ShareCapital 2023-01-31 09975761 uk-core:ShareCapital 2022-01-31 09975761 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 09975761 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 09975761 uk-bus:Director1 2022-02-01 2023-01-31 09975761 uk-core:ComputerEquipment 2022-02-01 2023-01-31 09975761 uk-core:MotorCars 2022-02-01 2023-01-31 09975761 uk-core:FurnitureFittings 2022-02-01 2023-01-31 09975761 uk-core:ComputerEquipment 2022-01-31 09975761 uk-core:FurnitureFittings 2022-01-31 09975761 uk-core:MotorCars 2022-01-31 09975761 uk-core:MotorCars 2023-01-31 09975761 uk-core:FurnitureFittings 2023-01-31 09975761 uk-core:ComputerEquipment 2023-01-31 09975761 uk-core:AfterOneYear uk-core:Secured 2023-01-31 09975761 uk-core:AfterOneYear uk-core:Secured 2022-01-31 iso4217:GBP xbrli:pure 09975761 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09975761 uk-bus:FRS102 2022-02-01 2023-01-31 09975761 uk-bus:FullAccounts 2022-02-01 2023-01-31 09975761 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Wrapped Signs Ltd
Registered Number:09975761
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Wrapped Signs Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09975761
As at 31 January 2023
Wrapped Signs Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
29,028
36,306
2
29,028
36,306
Current assets
Trade and other receivables
9,094
10,602
3
10,672
Cash and cash equivalents
11,300
21,902
19,766
Trade and other payables: amounts falling due within one
year
(18,719)
(19,421)
4
1,047
2,481
Net current assets
Total assets less current liabilities
31,509
37,353
Trade and other payables: amounts falling due after more
than one year
(50,636)
(44,663)
5
(13,154)
Net liabilities
(13,283)
Capital and reserves
Called up share capital
1
1
Retained earnings
(13,155)
(13,284)
(13,154)
(13,283)
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Stuart Lee Thomas Director
These financial statements were approved and authorised for issue by the Board on 29 August 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2023
Wrapped Signs Ltd
Notes to the Financial Statements
Statutory Information
Wrapped Signs Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09975761.
Registered address:
127 Broadwater Crescent
Stevenage
SG2 8EP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Reducing balance
Computer Equipment
25 Straight line
Motor Vehicles
25 Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
£
£
£
£
Cost or
valuation
At 01 February 2022
45,164
1,992
620
42,552
At 31 January 2023
42,552
620
1,992
45,164
Provision for depreciation and impairment
At 01 February 2022
8,858
1,992
271
6,595
Charge for year
7,278
-
87
7,191
At 31 January 2023
16,136
1,992
358
13,786
At 31 January 2023
Net book value
28,766
262
-
29,028
At 31 January 2022
35,957
349
-
36,306
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5
For the year ended 31 January 2023
Wrapped Signs Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
3,051
3,051
Other debtors
7,551
6,043
9,094
10,602
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1
(1)
Taxation and social security
12,418
11,718
Other creditors
7,002
7,002
19,421
18,719
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
27,739
27,910
Other creditors
16,924
22,726
44,663
50,636
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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