Gap Signs Ltd Filleted Accounts Cover
Gap Signs Ltd
Company No. 08499006
Information for Filing with The Registrar
30 April 2023
Gap Signs Ltd Balance Sheet Registrar
at
30 April 2023
Company No.
08499006
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
8061,008
8061,008
Current assets
Stocks
5
4,7604,760
Debtors
6
3,0003,000
Cash at bank and in hand
20,37018,160
28,13025,920
Creditors: Amount falling due within one year
7
(32,096)
(33,416)
Net current liabilities
(3,966)
(7,496)
Total assets less current liabilities
(3,160)
(6,488)
Net liabilities
(3,160)
(6,488)
Capital and reserves
Called up share capital
100100
Profit and loss account
9
(3,260)
(6,588)
Total equity
(3,160)
(6,488)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 January 2024 and signed on its behalf by:
G. Wright
Director
29 January 2024
Gap Signs Ltd Notes to the Accounts Registrar
for the year ended 30 April 2023
1
General information
Gap Signs Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08499006
Its registered office is:
Its trading address is:
9 Beaumont House
9 Beaumont House
Redburn Road
Redburn Road
Newcastle Upon Tyne
Newcastle Upon Tyne
England
England
NE5 1NB
NE5 1NB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Reducing Balances
Motor vehicles
20% Reducing Balances
Furniture, fittings and equipment
20% Reducing Balances
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 1 May 2022
6,2501,0007,250
At 30 April 2023
6,2501,0007,250
Depreciation
At 1 May 2022
5,4527906,242
Charge for the year
16042202
At 30 April 2023
5,6128326,444
Net book values
At 30 April 2023
638168806
At 30 April 2022
798
210
1,008
5
Stocks
2023
2022
£
£
Raw materials and consumables
4,7604,760
4,7604,760
6
Debtors
2023
2022
£
£
Trade debtors
3,0003,000
3,0003,000
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
30,836
32,150
Other creditors
276330
Accruals and deferred income
984936
32,09633,416
8
Share Capital
Ordinary
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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