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REGISTERED NUMBER: 03923555 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Sign-Tec Services Limited

Sign-Tec Services Limited (Registered number: 03923555)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Sign-Tec Services Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: G A Browse





SECRETARY: G A Browse





REGISTERED OFFICE: 5 Wadhurst Business Park
Faircrouch Lane
Wadhurst
Sussex
TN5 6PT





REGISTERED NUMBER: 03923555 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Sign-Tec Services Limited (Registered number: 03923555)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,382 4,108
Investments 5 50 50
3,432 4,158

CURRENT ASSETS
Stocks 131,557 137,111
Debtors 6 99,816 103,229
Cash at bank and in hand 339,984 345,944
571,357 586,284
CREDITORS
Amounts falling due within one year 7 193,026 198,281
NET CURRENT ASSETS 378,331 388,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,763

392,161

PROVISIONS FOR LIABILITIES 645 781
NET ASSETS 381,118 391,380

CAPITAL & RESERVES
Called up share capital 8 850 850
Capital redemption reserve 9 350 350
Retained earnings 9 379,918 390,180
SHAREHOLDERS' FUNDS 381,118 391,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:




G A Browse - Director


Sign-Tec Services Limited (Registered number: 03923555)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Sign-Tec Services 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on cost
Fixtures & fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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 defined contribution pension schemes, which are administered by independent third parties. Contributions payable to the schemes 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 5 (2022 - 5 ) .

Sign-Tec Services Limited (Registered number: 03923555)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant & Fixtures
machinery & fittings Totals
£    £    £   
COST
At 1 June 2022 29,874 4,452 34,326
Additions 555 180 735
At 31 May 2023 30,429 4,632 35,061
DEPRECIATION
At 1 June 2022 25,768 4,450 30,218
Charge for year 1,414 47 1,461
At 31 May 2023 27,182 4,497 31,679
NET BOOK VALUE
At 31 May 2023 3,247 135 3,382
At 31 May 2022 4,106 2 4,108

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 June 2022
and 31 May 2023 50
NET BOOK VALUE
At 31 May 2023 50
At 31 May 2022 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,306 96,230
Other debtors 753 554
Prepayments & accrued income 6,757 6,445
99,816 103,229

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 15,000 15,000
Trade creditors 38,820 30,524
Amounts owed to joint venture 1,404 2,063
Tax - 6,521
Social security & other taxes 26,210 32,091
Other creditors 100,455 468
Directors' current accounts 1,031 101,508
Accrued expenses 10,106 10,106
193,026 198,281

Sign-Tec Services Limited (Registered number: 03923555)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
650 Ordinary £1 650 650
100 Redeemable 'A' Preference £1 100 100
100 Redeemable 'B' Preference £1 100 100
850 850

The 'A' and 'B' Preference Shares are redeemable at par at any time at the option of the company subject to it giving not less than three months prior written notice.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2022 390,180 350 390,530
Profit for the year 13,738 - 13,738
Dividends (24,000 ) - (24,000 )
At 31 May 2023 379,918 350 380,268

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Browse.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sign-Tec Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sign-Tec Services Limited for the year ended 31 May 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sign-Tec Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sign-Tec Services Limited and state those matters that we have agreed to state to the director of Sign-Tec Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sign-Tec Services Limited and its director for our work or for this report.

It is your duty to ensure that Sign-Tec Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sign-Tec Services Limited. You consider that Sign-Tec Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sign-Tec Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


31 October 2023