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Company Registration No. 12011021 (England and Wales)
Clever Signs Ltd Unaudited accounts for the year ended 31 January 2023
Clever Signs Ltd Unaudited accounts Contents
Page
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Clever Signs Ltd Company Information for the year ended 31 January 2023
Directors
Dalius Miskinis Ioana Lohan
Company Number
12011021 (England and Wales)
Registered Office
MAYFIELD STABLES STANBRIDGE ROAD LEIGHTON BUZZARD LU7 9JH ENGLAND
Accountants
Mayflower Accountancy & Tax Limited 10 Alma Farm Road Toddington Dunstable Bedfordshire LU5 6BG
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Clever Signs Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
40,000 
42,500 
Tangible assets
9,275 
25,512 
49,275 
68,012 
Current assets
Inventories
1,376 
2,396 
Debtors
23,923 
30,156 
Cash at bank and in hand
1,431 
16,018 
26,730 
48,570 
Creditors: amounts falling due within one year
(51,790)
(59,225)
Net current liabilities
(25,060)
(10,655)
Total assets less current liabilities
24,215 
57,357 
Creditors: amounts falling due after more than one year
(34,141)
(39,576)
Provisions for liabilities
Deferred tax
- 
(4,848)
Net (liabilities)/assets
(9,926)
12,933 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(9,928)
12,931 
Shareholders' funds
(9,926)
12,933 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
Dalius Miskinis Director Company Registration No. 12011021
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Clever Signs Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Clever Signs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12011021. The registered office is MAYFIELD STABLES, STANBRIDGE ROAD, LEIGHTON BUZZARD, LU7 9JH, ENGLAND.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 20 years straight line.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
50,000 
At 31 January 2023
50,000 
Amortisation
At 1 February 2022
7,500 
Charge for the year
2,500 
At 31 January 2023
10,000 
Net book value
At 31 January 2023
40,000 
At 31 January 2022
42,500 
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Clever Signs Ltd Notes to the Accounts for the year ended 31 January 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
14,284 
34,641 
48,925 
Additions
642 
- 
642 
Disposals
(1,690)
(26,750)
(28,440)
At 31 January 2023
13,236 
7,891 
21,127 
Depreciation
At 1 February 2022
4,973 
18,440 
23,413 
Charge for the year
1,951 
3,824 
5,775 
On disposals
(466)
(16,870)
(17,336)
At 31 January 2023
6,458 
5,394 
11,852 
Net book value
At 31 January 2023
6,778 
2,497 
9,275 
At 31 January 2022
9,311 
16,201 
25,512 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,426 
30,156 
Deferred tax asset
4,353 
Accrued income and prepayments
1,144 
- 
23,923 
30,156 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,638 
6,215 
Trade creditors
4,289 
- 
Taxes and social security
1,545 
1,427 
Other creditors
6,598 
14,363 
Loans from directors
35,720 
35,720 
Accruals
- 
1,500 
51,790 
59,225 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,141 
39,576 
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Clever Signs Ltd Notes to the Accounts for the year ended 31 January 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
(10,468)
4,848 
Tax losses carried forward
6,115 
- 
(4,353)
4,848 
2023 
2022 
£ 
£ 
Provision at start of year
4,848 
5,718 
Credited to the profit and loss account
(9,201)
(870)
Provision at end of year
(4,353)
4,848 
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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