SPECIALIZED SIGNS LIMITED

Company Registration Number:
SC383389 (Scotland)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

SPECIALIZED SIGNS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

SPECIALIZED SIGNS LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 70,839 112,608
Total fixed assets: 70,839 112,608
Current assets
Stocks: 163,100 163,190
Debtors: 4 851,543 817,838
Cash at bank and in hand: 673,470 490,964
Total current assets: 1,688,113 1,471,992
Creditors: amounts falling due within one year: 5 (290,687) (283,043)
Net current assets (liabilities): 1,397,426 1,188,949
Total assets less current liabilities: 1,468,265 1,301,557
Creditors: amounts falling due after more than one year: 6 (57,782) (76,623)
Provision for liabilities: (13,460) (21,396)
Total net assets (liabilities): 1,397,023 1,203,538
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 1,397,019 1,203,534
Shareholders funds: 1,397,023 1,203,538

The notes form part of these financial statements

SPECIALIZED SIGNS LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: Mr Graham Sim
Status: Director

The notes form part of these financial statements

SPECIALIZED SIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measuredreliably, it is probable that the economic benefits associated with the transaction will flow to the entity and thecosts incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Thestage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staffrates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenueis recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Leasehold improvements Over 14 - 18 yearsPlant and machinery 20% Straight lineFixtures, fittings & equipment 20% Straight lineComputer equipment 20% Straight lineMotor vehicles 25% Straight line

SPECIALIZED SIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 21 18

SPECIALIZED SIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 581,660
Additions 41,045
Disposals (9,987)
At 31 August 2023 612,718
Depreciation
At 01 September 2022 469,052
Charge for year 82,814
On disposals (9,987)
At 31 August 2023 541,879
Net book value
At 31 August 2023 70,839
At 31 August 2022 112,608

SPECIALIZED SIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

Trade debtors: £215,618 (2022: £151,453)Other debtors: £635,925 (2022: £666,385)

SPECIALIZED SIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

Trade creditors: £87,258 (2022: £82,476)Corporation tax: £71,385 (2022: £69,164)Other taxation and social security: £77,554 (2022: £73,753)Other creditors: £54,490 (2022: £57,650)

SPECIALIZED SIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

Other creditors: £57,782 (2022: £76,623)