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Company Registration No. 04976614 (England and Wales)
Total Signs Limited Unaudited accounts for the year ended 31 March 2023
Total Signs Limited Unaudited accounts Contents
Page
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Total Signs Limited Company Information for the year ended 31 March 2023
Directors
Mr M.I. Cook Mrs G.M. Cook
Secretary
Mrs G.M. Cook
Company Number
04976614 (England and Wales)
Registered Office
6 Millbrook Close Northampton NN5 5JF England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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Total Signs Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,700 
7,536 
Current assets
Inventories
4,170 
3,204 
Debtors
32,671 
28,842 
Cash at bank and in hand
1,520 
5,808 
38,361 
37,854 
Creditors: amounts falling due within one year
(34,627)
(26,905)
Net current assets
3,734 
10,949 
Total assets less current liabilities
9,434 
18,485 
Creditors: amounts falling due after more than one year
(23,981)
(27,870)
Net liabilities
(14,547)
(9,385)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(14,647)
(9,485)
Shareholders' funds
(14,547)
(9,385)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Mrs G.M. Cook Director Company Registration No. 04976614
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Total Signs Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Total Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 04976614. The registered office is 6 Millbrook Close, Northampton, NN5 5JF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance basis
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
25% Reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Total Signs Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
27,000 
At 31 March 2023
27,000 
Amortisation
At 1 April 2022
27,000 
At 31 March 2023
27,000 
Net book value
At 31 March 2023
- 
Franchise fee was written off in equal annual instalments over it's estimated life of 5 years.
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
26,371 
16,550 
7,919 
50,840 
Additions
- 
- 
64 
64 
At 31 March 2023
26,371 
16,550 
7,983 
50,904 
Depreciation
At 1 April 2022
22,991 
15,721 
4,592 
43,304 
Charge for the year
845 
207 
848 
1,900 
At 31 March 2023
23,836 
15,928 
5,440 
45,204 
Net book value
At 31 March 2023
2,535 
622 
2,543 
5,700 
At 31 March 2022
3,380 
829 
3,327 
7,536 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,038 
20,883 
Deferred tax asset
2,582 
1,482 
Accrued income and prepayments
5,685 
5,537 
Other debtors
366 
940 
32,671 
28,842 
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Total Signs Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,889 
3,889 
VAT
4,640 
3,685 
Trade creditors
15,055 
12,726 
Taxes and social security
7,413 
4,244 
Other creditors
2,735 
1,390 
Accruals
895 
971 
34,627 
26,905 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,981 
27,870 
Aggregate of amounts that fall due for payment after five years
8,426 
12,315 
This facility is supported by the Bounce Back Loan Scheme (BBLS). The lender has a guarantee from the UK Government under BBLS.
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr M.I. Cook
Director's loan account
940 
500 
1,074 
366 
940 
500 
1,074 
366 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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