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REGISTERED NUMBER: 08958103 (England and Wales)














BEACON SIGNS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






BEACON SIGNS LIMITED (REGISTERED NUMBER: 08958103)






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


BEACON SIGNS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Matthews





REGISTERED OFFICE: Beacon Court
Plumtree Farm Industrial Estate
Harworth
Doncaster
South Yorkshire
DN11 8EW





REGISTERED NUMBER: 08958103 (England and Wales)






BEACON SIGNS LIMITED (REGISTERED NUMBER: 08958103)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,493 56,107

CURRENT ASSETS
Stocks 1,285 1,335
Debtors 5 61,748 43,758
Cash at bank 19,557 36,500
82,590 81,593
CREDITORS
Amounts falling due within one year 6 43,985 46,931
NET CURRENT ASSETS 38,605 34,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,098

90,769

CREDITORS
Amounts falling due after more than one
year

7

(35,521

)

(40,764

)

PROVISIONS FOR LIABILITIES (9,214 ) (10,660 )
NET ASSETS 42,363 39,345

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,263 39,245
SHAREHOLDERS' FUNDS 42,363 39,345

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 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.

BEACON SIGNS LIMITED (REGISTERED NUMBER: 08958103)

Balance Sheet - continued
31 March 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 14 November 2023 and were signed by:





J Matthews - Director


BEACON SIGNS LIMITED (REGISTERED NUMBER: 08958103)

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

1. STATUTORY INFORMATION

Beacon 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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.

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.

BEACON SIGNS LIMITED (REGISTERED NUMBER: 08958103)

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

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 103,243
Additions 5,450
At 31 March 2023 108,693
DEPRECIATION
At 1 April 2022 47,136
Charge for year 13,064
At 31 March 2023 60,200
NET BOOK VALUE
At 31 March 2023 48,493
At 31 March 2022 56,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,715 32,641
Other debtors 19,033 11,117
61,748 43,758

BEACON SIGNS LIMITED (REGISTERED NUMBER: 08958103)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,243 5,098
Trade creditors 18,586 18,108
Taxation and social security 20,022 22,868
Other creditors 134 857
43,985 46,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 35,521 40,764

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,141 -