2022-08-012023-07-312023-07-31false03226990SIGNET SOLUTIONS 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SIGNET SOLUTIONS LIMITED

Registered Number
03226990
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

SIGNET SOLUTIONS LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

DAKIN, William Reuben
KNIGHT, Andrew
KNIGHT, Isobel Marie

Registered Address

Kelvin House R T C Business Park
London Road
Derby
DE24 8UP

Registered Number

03226990 (England and Wales)
SIGNET SOLUTIONS LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets558,05815,596
58,05815,596
Current assets
Debtors6169,77581,838
Cash at bank and on hand726,454704,242
896,229786,080
Creditors amounts falling due within one year7(580,434)(483,172)
Net current assets (liabilities)315,795302,908
Total assets less current liabilities373,853318,504
Net assets373,853318,504
Capital and reserves
Called up share capital3333
Share premium(203,253)(203,253)
Profit and loss account577,073521,724
Shareholders' funds373,853318,504
The financial statements were approved and authorised for issue by the Board of Directors on 4 March 2024, and are signed on its behalf by:
KNIGHT, Andrew
Director
Registered Company No. 03226990
SIGNET SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings20
Vehicles25
Office Equipment25
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year99
5.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 2299,270-62,36620,795182,431
Additions-46,3256,3863,45056,161
At 31 July 2399,27046,32568,75224,245238,592
Depreciation and impairment
At 01 August 2299,270-62,3665,199166,835
Charge for year-8,6855324,48213,699
At 31 July 2399,2708,68562,8989,681180,534
Net book value
At 31 July 23-37,6405,85414,56458,058
At 31 July 22---15,59615,596
6.Debtors

2023

2022

££
Trade debtors / trade receivables169,77581,838
Total169,77581,838
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables573,417467,840
Taxation and social security7,01715,332
Total580,434483,172
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.