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Company Registration No. SC179913 (Scotland)
Scot-Signs Limited Unaudited accounts for the year ended 31 December 2023
Scot-Signs Limited Unaudited accounts Contents
Page
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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
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Scot-Signs Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
308,122 
111,334 
Current assets
Inventories
10,000 
10,000 
Debtors
813,885 
500,163 
Cash at bank and in hand
1,091,093 
332,059 
1,914,978 
842,222 
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 
Capital and reserves
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
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Scot-Signs Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 December 2023
212,471 
95,651 
308,122 
At 31 December 2022
79,785 
31,549 
111,334 
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Scot-Signs Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(1,800)
26,003 
Trade debtors
788,802 
420,030 
Accrued income and prepayments
25,872 
- 
Other debtors
1,011 
54,130 
813,885 
500,163 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
134,314 
203,126 
VAT
144,933 
92,819 
Trade creditors
227,665 
161,640 
Taxes and social security
225,389 
1,492 
732,301 
459,077 
7
Average number of employees
During the year the average number of employees was 29 (2022: 18).
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