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REGISTERED NUMBER: 04656383 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

The Sussex Sign Company Limited

The Sussex Sign Company Limited (Registered number: 04656383)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Sussex Sign Company Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: N C Mayhew





REGISTERED OFFICE: Foredown House, 2 - 4 Foredown Drive,
Portslade
Brighton
BN41 2BB





REGISTERED NUMBER: 04656383 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

The Sussex Sign Company Limited (Registered number: 04656383)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 600 2,100
Tangible assets 5 92,107 57,956
92,707 60,056

CURRENT ASSETS
Stocks 50,296 47,429
Debtors 6 17,249 106,376
Cash at bank and in hand 261,612 83,961
329,157 237,766
CREDITORS
Amounts falling due within one
year

7

242,107

141,285
NET CURRENT ASSETS 87,050 96,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,757

156,537

CREDITORS
Amounts falling due after more
than one year

8

(113,553

)

(41,763

)

PROVISIONS FOR LIABILITIES 9 (14,768 ) (10,664 )
NET ASSETS 51,436 104,110

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 11 51,286 103,960
SHAREHOLDERS' FUNDS 51,436 104,110

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.

The Sussex Sign Company Limited (Registered number: 04656383)

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 7 November 2023 and were signed by:





N C Mayhew - Director


The Sussex Sign Company Limited (Registered number: 04656383)

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

1. STATUTORY INFORMATION

The Sussex Sign Company 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


The Sussex Sign Company Limited (Registered number: 04656383)

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
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 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 28,000
AMORTISATION
At 1 May 2022 25,900
Amortisation for year 1,500
At 30 April 2023 27,400
NET BOOK VALUE
At 30 April 2023 600
At 30 April 2022 2,100

The Sussex Sign Company Limited (Registered number: 04656383)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 - 148,542 85,944 71,421 305,907
Additions 25,759 - - 20,100 45,859
At 30 April 2023 25,759 148,542 85,944 91,521 351,766
DEPRECIATION
At 1 May 2022 - 110,510 75,156 62,285 247,951
Charge for year - 5,705 1,618 4,385 11,708
At 30 April 2023 - 116,215 76,774 66,670 259,659
NET BOOK VALUE
At 30 April 2023 25,759 32,327 9,170 24,851 92,107
At 30 April 2022 - 38,032 10,788 9,136 57,956

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 6,085 60,358
Other debtors 200 43,101
Prepayments and accrued income 10,964 2,917
17,249 106,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 62,235 23,235
Hire purchase contracts 4,638 -
Trade creditors 145,856 44,177
Tax 5,235 38,011
Social security and other taxes 4,400 4,379
VAT 18,662 30,415
Directors' loan accounts 80 68
Accrued expenses 1,001 1,000
242,107 141,285

The Sussex Sign Company Limited (Registered number: 04656383)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Other loans - 1-2 years 42,016 41,763
Other loans - 2-5 years 58,009 -
Hire purchase contracts 13,528 -
113,553 41,763

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 14,768 10,664

Deferred
tax
£   
Balance at 1 May 2022 10,664
Capital allowances 4,104
Balance at 30 April 2023 14,768

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
50 Ordinary £1 50 50
40 Ordinary A £1 40 40
50 Ordinary B £1 50 50
10 Ordinary C £1 10 10
150 150

11. RESERVES
Retained
earnings
£   

At 1 May 2022 103,960
Profit for the year 39,530
Dividends (92,204 )
At 30 April 2023 51,286