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REGISTERED NUMBER: 04347046 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th April 2023

for

UK Sign Group Limited

UK Sign Group Limited (Registered number: 04347046)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK Sign Group Limited

Company Information
for the Year Ended 30th April 2023







DIRECTORS: A R Ashworth
Mrs PDL Ashworth
C M Davidson





SECRETARY: A R Ashworth





REGISTERED OFFICE: British Legion Works
Bradford Road
Brighouse
HD6 1RY





REGISTERED NUMBER: 04347046 (England and Wales)

UK Sign Group Limited (Registered number: 04347046)

Balance Sheet
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 26,250
Tangible assets 5 294,720 259,974
317,220 286,224

CURRENT ASSETS
Stocks 11,790 15,000
Debtors 6 93,045 62,999
Cash at bank 2,771 21,233
107,606 99,232
CREDITORS
Amounts falling due within one year 7 235,559 206,317
NET CURRENT LIABILITIES (127,953 ) (107,085 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,267

179,139

CREDITORS
Amounts falling due after more than one
year

8

(89,363

)

(103,529

)

PROVISIONS FOR LIABILITIES (35,029 ) (20,020 )
NET ASSETS 64,875 55,590

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 64,865 55,580
SHAREHOLDERS' FUNDS 64,875 55,590

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

UK Sign Group Limited (Registered number: 04347046)

Balance Sheet - continued
30th April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2023 and were signed on its behalf by:




A R Ashworth - Director



C M Davidson - Director


UK Sign Group Limited (Registered number: 04347046)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

UK Sign Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2019, is being amortised evenly over its estimated useful life of ten 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not Depreciated
Plant and machinery - 15% on Reducing Balance and 15% Straight Line Basis
Fixtures and fittings - 15% Straight Line Basis
Motor vehicles - 20% on Reducing Balance
Computer equipment - 20% Straight Line Basis

Government grants
Government grants claimed by the company in respect of Covid-19 are recognised as income in the profit and loss account in the period to which they relate.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less cost to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.


UK Sign Group Limited (Registered number: 04347046)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 37,500
AMORTISATION
At 1st May 2022 11,250
Amortisation for year 3,750
At 30th April 2023 15,000
NET BOOK VALUE
At 30th April 2023 22,500
At 30th April 2022 26,250

UK Sign Group Limited (Registered number: 04347046)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 154,606 169,342 323,948
Additions - 69,344 69,344
Disposals - (6,500 ) (6,500 )
At 30th April 2023 154,606 232,186 386,792
DEPRECIATION
At 1st May 2022 - 63,974 63,974
Charge for year - 34,598 34,598
Eliminated on disposal - (6,500 ) (6,500 )
At 30th April 2023 - 92,072 92,072
NET BOOK VALUE
At 30th April 2023 154,606 140,114 294,720
At 30th April 2022 154,606 105,368 259,974

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 90,226 50,711
Other debtors 2,819 12,288
93,045 62,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 17,197 17,197
Trade creditors 34,722 27,823
Taxation and social security 39,561 38,806
Other creditors 144,079 122,491
235,559 206,317

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 89,363 103,529

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 38,907 43,073

UK Sign Group Limited (Registered number: 04347046)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loan 74,857 79,059

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
4 Ordinary A £1 4 4
1 Ordinary B £1 1 1
5 Ordinary C £1 5 5
10 10