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REGISTERED NUMBER: 02016097 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

S. K. SIGNS AND LABELS LIMITED

S. K. SIGNS AND LABELS LIMITED (REGISTERED NUMBER: 02016097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. K. SIGNS AND LABELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: D M Brennan
Mrs A Brennan





SECRETARY: Mrs A Brennan





REGISTERED OFFICE: 16 Brookside Centre
Temple Farm Industrial Estate
Southend-On-Sea
Essex
SS2 5RR





REGISTERED NUMBER: 02016097 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

S. K. SIGNS AND LABELS LIMITED (REGISTERED NUMBER: 02016097)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,555 43,693

CURRENT ASSETS
Stocks 2,210 2,100
Debtors 5 17,838 13,822
Cash at bank and in hand 30,110 35,314
50,158 51,236
CREDITORS
Amounts falling due within one year 6 69,298 62,509
NET CURRENT LIABILITIES (19,140 ) (11,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,415

32,420

CREDITORS
Amounts falling due after more than one
year

7

(13,417

)

(20,416

)

PROVISIONS FOR LIABILITIES (7,135 ) (8,716 )
NET (LIABILITIES)/ASSETS (2,137 ) 3,288

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,237 ) 3,188
SHAREHOLDERS' FUNDS (2,137 ) 3,288

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

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

S. K. SIGNS AND LABELS LIMITED (REGISTERED NUMBER: 02016097)

BALANCE SHEET - continued
30TH JUNE 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 Board of Directors and authorised for issue on 22nd November 2023 and were signed on its behalf by:





Mrs A Brennan - Director


S. K. SIGNS AND LABELS LIMITED (REGISTERED NUMBER: 02016097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

S. K. Signs and Labels 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.

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 ) .

S. K. SIGNS AND LABELS LIMITED (REGISTERED NUMBER: 02016097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022 168,027
Additions 562
At 30th June 2023 168,589
DEPRECIATION
At 1st July 2022 124,334
Charge for year 6,700
At 30th June 2023 131,034
NET BOOK VALUE
At 30th June 2023 37,555
At 30th June 2022 43,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,194 10,721
Other debtors 3,644 3,101
17,838 13,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 8,714 6,546
Taxation and social security 7,962 10,095
Other creditors 45,622 38,868
69,298 62,509

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,417 20,416

8. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from the director totalling £39,743 (2022: £34,691). These loans are interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D M Brennan.