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REGISTERED NUMBER: 10708865 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2023

for

ACR Signs Limited

ACR Signs Limited (Registered number: 10708865)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ACR Signs Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: A Rood





SECRETARY: A Rood





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 10708865 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
ACR Signs 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 ACR Signs Limited for the year ended 30 April 2023 which comprise the Income Statement, 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 ACR Signs Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ACR Signs Limited and state those matters that we have agreed to state to the director of ACR Signs 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 ACR Signs Limited and its director for our work or for this report.

It is your duty to ensure that ACR Signs 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 ACR Signs Limited. You consider that ACR Signs 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 ACR Signs 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


30 October 2023

ACR Signs Limited (Registered number: 10708865)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265,549 99,009

CURRENT ASSETS
Stocks 49,457 28,356
Debtors 5 353,257 406,575
Cash at bank 79,991 81,171
482,705 516,102
CREDITORS
Amounts falling due within one year 6 309,437 197,483
NET CURRENT ASSETS 173,268 318,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,817

417,628

CREDITORS
Amounts falling due after more than
one year

7

(20,833

)

(30,833

)

PROVISIONS FOR LIABILITIES (37,130 ) (18,812 )
NET ASSETS 380,854 367,983

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 380,844 367,973
SHAREHOLDERS' FUNDS 380,854 367,983

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

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

ACR Signs Limited (Registered number: 10708865)

Balance Sheet - continued
30 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 director and authorised for issue on 30 October 2023 and were signed by:





A Rood - Director


ACR Signs Limited (Registered number: 10708865)

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


1. STATUTORY INFORMATION

ACR Signs 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.
Leasehold improvements - 10% on cost
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

Government grants
Government grants receivable in relation to business bounce back loan scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Other Government grants received are recognised at the point of receipt. Government grants are shown separately as other income.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


ACR Signs Limited (Registered number: 10708865)

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


2. ACCOUNTING POLICIES - continued
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
The finance element of the rental payment is charged to the profit and loss account at rates of charge on the net obligations in each period.

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 17 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 May 2022 - 115,832 1,096
Additions 26,482 102,113 12,277
Disposals - (5,390 ) (952 )
At 30 April 2023 26,482 212,555 12,421
DEPRECIATION
At 1 May 2022 - 30,251 603
Charge for year 2,648 37,079 2,472
Eliminated on disposal - (3,092 ) (541 )
At 30 April 2023 2,648 64,238 2,534
NET BOOK VALUE
At 30 April 2023 23,834 148,317 9,887
At 30 April 2022 - 85,581 493

ACR Signs Limited (Registered number: 10708865)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 19,745 6,336 143,009
Additions 96,235 3,780 240,887
Disposals - - (6,342 )
At 30 April 2023 115,980 10,116 377,554
DEPRECIATION
At 1 May 2022 10,300 2,846 44,000
Charge for year 26,420 3,019 71,638
Eliminated on disposal - - (3,633 )
At 30 April 2023 36,720 5,865 112,005
NET BOOK VALUE
At 30 April 2023 79,260 4,251 265,549
At 30 April 2022 9,445 3,490 99,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 264,376 201,720
Other trade debtors 81,395 203,318
Other debtors 204 -
Prepayments and accrued income 7,282 1,537
353,257 406,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Invoice discounting facility 48,785 9,633
Trade creditors 173,067 90,462
Corporation tax - 15,019
Social security and other taxes 6,075 5,476
VAT 43,756 43,887
Other creditors 20,198 17,671
Directors' current accounts 469 469
Accruals and deferred income 7,087 4,866
309,437 197,483

ACR Signs Limited (Registered number: 10708865)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,833 20,833
20,833 30,833

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Invoice discounting facility 48,785 9,633

The invoice discounting facility is secured on the debts to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
10 ordinary £1 10 10

10. FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £193,917 (2022 : £46,000).