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REGISTERED NUMBER: 04762085 (England and Wales)
















Lexique Signs Limited

Unaudited Financial Statements

for the Year Ended 31st August 2023






Lexique Signs Limited (Registered number: 04762085)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lexique Signs Limited

Company Information
for the Year Ended 31st August 2023







Director: Mr. A G Hughes





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 04762085 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Lexique Signs Limited (Registered number: 04762085)

Statement of Financial Position
31st August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2,000 4,000
Tangible assets 5 271,882 280,822
273,882 284,822

Current assets
Stocks 3,550 3,650
Debtors 6 36,043 28,250
39,593 31,900
Creditors
Amounts falling due within one year 7 125,342 115,484
Net current liabilities (85,749 ) (83,584 )
Total assets less current liabilities 188,133 201,238

Creditors
Amounts falling due after more than one
year

8

(181,877

)

(203,369

)

Provisions for liabilities (5,095 ) (6,793 )
Net assets/(liabilities) 1,161 (8,924 )

Capital and reserves
Called up share capital 100 100
Retained earnings 1,061 (9,024 )
1,161 (8,924 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lexique Signs Limited (Registered number: 04762085)

Statement of Financial Position - continued
31st August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th February 2024 and were signed by:





Mr. A G Hughes - Director


Lexique Signs Limited (Registered number: 04762085)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. Statutory information

Lexique 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lexique Signs Limited (Registered number: 04762085)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st September 2022
and 31st August 2023 40,000
Amortisation
At 1st September 2022 36,000
Charge for year 2,000
At 31st August 2023 38,000
Net book value
At 31st August 2023 2,000
At 31st August 2022 4,000

Lexique Signs Limited (Registered number: 04762085)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

5. Tangible fixed assets
Long Plant and
leasehold machinery Totals
£    £    £   
Cost
At 1st September 2022
and 31st August 2023 245,068 84,548 329,616
Depreciation
At 1st September 2022 - 48,794 48,794
Charge for year - 8,940 8,940
At 31st August 2023 - 57,734 57,734
Net book value
At 31st August 2023 245,068 26,814 271,882
At 31st August 2022 245,068 35,754 280,822

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
Cost
At 1st September 2022
and 31st August 2023 48,000
Depreciation
At 1st September 2022 18,750
Charge for year 7,313
At 31st August 2023 26,063
Net book value
At 31st August 2023 21,937
At 31st August 2022 29,250

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 29,344 22,703
Other debtors 6,699 5,547
36,043 28,250

Lexique Signs Limited (Registered number: 04762085)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 17,863 24,637
Trade creditors 37,160 32,150
Taxation and social security 48,020 22,882
Other creditors 22,299 35,815
125,342 115,484

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 179,377 190,869
Other creditors 2,500 12,500
181,877 203,369

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 127,193 143,721

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 158,230 164,990

The mortgage loan is secured on the company's long leasehold property. Loan repayments are made monthly and the interest rate is base rate plus 3.45%.