Company Registration No. SC179913 (Scotland)
Scot-Signs Limited
Unaudited accounts
for the year ended 31 December 2023
Scot-Signs Limited
Unaudited accounts
Contents
Scot-Signs Limited
Company Information
for the year ended 31 December 2023
Directors
Stuart Dalgleish
Mark Duguid
Secretary
Stuart Dalgleish
Company Number
SC179913 (Scotland)
Registered Office
Unit 2, East Dedridge Industrial
Units, Abbotsford Rise
Livingston
West Lothian
EH54 6QD
Scotland
Accountants
Mark McGlone, McGlone & Co
26 Gosford Park
Aberlady
LONGNIDDRY
EH32 0DD
Scot-Signs Limited
Statement of financial position
as at 31 December 2023
Tangible assets
308,122
111,334
Cash at bank and in hand
1,091,093
332,059
Creditors: amounts falling due within one year
(732,301)
(459,077)
Net current assets
1,182,677
383,145
Net assets
1,490,799
494,479
Called up share capital
28
28
Profit and loss account
1,490,771
494,451
Shareholders' funds
1,490,799
494,479
For the year ending 31 December 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 31 January 2024 and were signed on its behalf by
Stuart Dalgleish
Director
Company Registration No. SC179913
Scot-Signs Limited
Notes to the Accounts
for the year ended 31 December 2023
Scot-Signs Limited is a private company, limited by shares, registered in Scotland, registration number SC179913. The registered office is Unit 2, East Dedridge Industrial, Units, Abbotsford Rise, Livingston, West Lothian, EH54 6QD, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
384,735
144,626
529,361
Additions
179,098
96,486
275,584
Disposals
-
(5,000)
(5,000)
At 31 December 2023
563,833
236,112
799,945
At 1 January 2023
304,950
113,077
418,027
Charge for the year
46,412
27,384
73,796
At 31 December 2023
351,362
140,461
491,823
At 31 December 2023
212,471
95,651
308,122
At 31 December 2022
79,785
31,549
111,334
Scot-Signs Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
788,802
420,030
Accrued income and prepayments
25,872
-
Other debtors
1,011
54,130
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
134,314
203,126
Trade creditors
227,665
161,640
Taxes and social security
225,389
1,492
7
Average number of employees
During the year the average number of employees was 29 (2022: 18).