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REGISTERED NUMBER: 03928948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SIGNS XTRA LTD

SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGNS XTRA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D B Hobson
JB Hobson





SECRETARY: C J Acklam





REGISTERED OFFICE: Unit 23, Clatcliffe Business Park
Canon Way,
Barugh
Barnsley
South Yorkshire
S75 1TU





REGISTERED NUMBER: 03928948 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,413 107,911

CURRENT ASSETS
Stocks 5 2,675 2,500
Debtors 6 62,244 23,160
Cash at bank 25,731 68,639
90,650 94,299
CREDITORS
Amounts falling due within one year 7 56,757 48,416
NET CURRENT ASSETS 33,893 45,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,306

153,794

CREDITORS
Amounts falling due after more than one
year

8

(11,660

)

(15,784

)

PROVISIONS FOR LIABILITIES 10 (17,270 ) (13,755 )
NET ASSETS 131,376 124,255

CAPITAL AND RESERVES
Called up share capital 11 100 2
Retained earnings 131,276 124,253
SHAREHOLDERS' FUNDS 131,376 124,255

SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




D B Hobson - Director



JB Hobson - Director


SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Signs Xtra Ltd 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 and machinery - 20% on cost and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 10% 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 & Loss Account and Retained Earnings, 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 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.

SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 35,514 45,434 56,354
Additions - 3,500 -
Disposals - - -
At 31 March 2023 35,514 48,934 56,354
DEPRECIATION
At 1 April 2022 - 16,124 46,209
Charge for year - 3,135 1,013
Eliminated on disposal - - -
At 31 March 2023 - 19,259 47,222
NET BOOK VALUE
At 31 March 2023 35,514 29,675 9,132
At 31 March 2022 35,514 29,310 10,145

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 73,412 23,647 234,361
Additions 36,000 - 39,500
Disposals (16,600 ) - (16,600 )
At 31 March 2023 92,812 23,647 257,261
DEPRECIATION
At 1 April 2022 45,807 18,310 126,450
Charge for year 5,974 1,137 11,259
Eliminated on disposal (6,861 ) - (6,861 )
At 31 March 2023 44,920 19,447 130,848
NET BOOK VALUE
At 31 March 2023 47,892 4,200 126,413
At 31 March 2022 27,605 5,337 107,911

5. STOCKS
2023 2022
£    £   
Stocks 2,675 2,500

SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,064 19,510
Other debtors 1,800 1,800
Prepayments 2,380 1,850
62,244 23,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 3,788 3,893
Trade creditors 11,512 10,964
Tax 2,120 5,449
Social security and other taxes 2,767 3,703
VAT 22,881 19,375
Other creditors 794 1,310
Directors' current accounts 9,222 159
Accrued expenses 3,673 3,563
56,757 48,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 11,660 15,784

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,788 3,893

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,887 3,948

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,773 11,836

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 17,270 13,755

SIGNS XTRA LTD (REGISTERED NUMBER: 03928948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 13,755
Provided during year 3,515
Balance at 31 March 2023 17,270

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
98 Ordinary £1 98 2
(2022 - 2 )
2 Ordinary 'B' 1 2 -
100 2

98 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

During the accounting period, 2 ordinary £1 shares were re-classified as £1 ordinary B shares.