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REGISTERED NUMBER: 07513842 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

D & S SIGNS LIMITED

D & S SIGNS LIMITED (REGISTERED NUMBER: 07513842)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

D & S SIGNS LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S Bailey
D A Bailey
W S Bailey
M D Bailey



SECRETARY:



REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



REGISTERED NUMBER: 07513842 (England and Wales)



ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



BANKERS: HSBC Bank Plc
97 Bute Street
Cardiff
CF10 5NA

D & S SIGNS LIMITED (REGISTERED NUMBER: 07513842)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,287 127,908

CURRENT ASSETS
Stocks 4,750 4,150
Debtors 5 153,709 106,809
Cash at bank and in hand 75,617 82,077
234,076 193,036
CREDITORS
Amounts falling due within one year 6 102,787 89,137
NET CURRENT ASSETS 131,289 103,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,576

231,807

CREDITORS
Amounts falling due after more than one
year

7

(37,256

)

(58,483

)

PROVISIONS FOR LIABILITIES 9 (2,441 ) (24,302 )
NET ASSETS 138,879 149,022

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 10 138,677 148,820
SHAREHOLDERS' FUNDS 138,879 149,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:



W S Bailey - Director


D & S SIGNS LIMITED (REGISTERED NUMBER: 07513842)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

D & S 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

D & S SIGNS LIMITED (REGISTERED NUMBER: 07513842)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 150,607 15,593 121,371 287,571
Additions 3,200 - - 3,200
Disposals (153,807 ) (15,593 ) (5,500 ) (174,900 )
At 28 February 2023 - - 115,871 115,871
DEPRECIATION
At 1 March 2022 89,568 12,712 57,383 159,663
Charge for year 14,614 720 15,997 31,331
Eliminated on disposal (104,182 ) (13,432 ) (4,796 ) (122,410 )
At 28 February 2023 - - 68,584 68,584
NET BOOK VALUE
At 28 February 2023 - - 47,287 47,287
At 28 February 2022 61,039 2,881 63,988 127,908

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 57,340
DEPRECIATION
At 1 March 2022 15,607
Charge for year 9,140
At 28 February 2023 24,747
NET BOOK VALUE
At 28 February 2023 32,593
At 28 February 2022 41,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 93,890 106,809
Other debtors 59,819 -
153,709 106,809

D & S SIGNS LIMITED (REGISTERED NUMBER: 07513842)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,370 13,470
Trade creditors 52,576 52,168
Taxation and social security 22,454 9,082
Other creditors 5,387 4,417
102,787 89,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 14,756 25,983
37,256 58,483

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 32,500 42,500

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 2,441 24,302

Deferred
tax
£   
Balance at 1 March 2022 24,302
Accelerated capital allowances (21,861 )
Balance at 28 February 2023 2,441

10. RESERVES
Retained
earnings
£   

At 1 March 2022 148,820
Deficit for the year (2,143 )
Dividends (8,000 )
At 28 February 2023 138,677

D & S SIGNS LIMITED (REGISTERED NUMBER: 07513842)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
W S Bailey
Balance outstanding at start of year (668 ) (668 )
Amounts advanced 10,065 -
Amounts repaid (6,023 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,374 (668 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D & S Signs Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D & S Signs Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D & S Signs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D & S Signs Limited and state those matters that we have agreed to state to the Board of Directors of D & S Signs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & S Signs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D & S Signs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of D & S Signs Limited. You consider that D & S Signs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D & S Signs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


24 November 2023