IRIS Accounts Production v24.1.0.576 SC369220 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3692202022-12-31SC3692202023-12-31SC3692202023-01-012023-12-31SC3692202021-12-31SC3692202022-01-012022-12-31SC3692202022-12-31SC369220ns15:Scotland2023-01-012023-12-31SC369220ns14:PoundSterling2023-01-012023-12-31SC369220ns10:Director12023-01-012023-12-31SC369220ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC369220ns10:SmallEntities2023-01-012023-12-31SC369220ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC369220ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC369220ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC369220ns10:FullAccounts2023-01-012023-12-31SC369220ns10:Director22023-01-012023-12-31SC369220ns10:RegisteredOffice2023-01-012023-12-31SC369220ns5:CurrentFinancialInstruments2023-12-31SC369220ns5:CurrentFinancialInstruments2022-12-31SC369220ns5:Non-currentFinancialInstruments2023-12-31SC369220ns5:Non-currentFinancialInstruments2022-12-31SC369220ns5:ShareCapital2023-12-31SC369220ns5:ShareCapital2022-12-31SC369220ns5:RetainedEarningsAccumulatedLosses2023-12-31SC369220ns5:RetainedEarningsAccumulatedLosses2022-12-31SC369220ns5:PlantMachinery2023-01-012023-12-31SC369220ns5:FurnitureFittings2023-01-012023-12-31SC369220ns5:MotorVehicles2023-01-012023-12-31SC369220ns5:ComputerEquipment2023-01-012023-12-31SC369220ns5:PlantMachinery2022-12-31SC369220ns5:FurnitureFittings2022-12-31SC369220ns5:MotorVehicles2022-12-31SC369220ns5:ComputerEquipment2022-12-31SC369220ns5:PlantMachinery2023-12-31SC369220ns5:FurnitureFittings2023-12-31SC369220ns5:MotorVehicles2023-12-31SC369220ns5:ComputerEquipment2023-12-31SC369220ns5:PlantMachinery2022-12-31SC369220ns5:FurnitureFittings2022-12-31SC369220ns5:MotorVehicles2022-12-31SC369220ns5:ComputerEquipment2022-12-31SC369220ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC369220ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC369220ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31SC369220ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31
REGISTERED NUMBER: SC369220 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Ecosse Signs Ltd

Ecosse Signs Ltd (Registered number: SC369220)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ecosse Signs Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Easton
T Thomson





REGISTERED OFFICE: Unit A
Cubitt Court
Bellshill Industrial Estate
Bellshill
ML4 3PS





REGISTERED NUMBER: SC369220 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Ecosse Signs Ltd (Registered number: SC369220)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,977 56,215

CURRENT ASSETS
Debtors 5 148,359 141,720
Cash at bank 111,905 145,142
260,264 286,862
CREDITORS
Amounts falling due within one year 6 200,726 165,701
NET CURRENT ASSETS 59,538 121,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,515

177,376

CREDITORS
Amounts falling due after more than one year 7 15,000 28,333
NET ASSETS 133,515 149,043

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 133,495 149,023
133,515 149,043

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





J Easton - Director


Ecosse Signs Ltd (Registered number: SC369220)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ecosse Signs Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
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 15 (2022 - 11 ) .

Ecosse Signs Ltd (Registered number: SC369220)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 48,232 8,279 54,876 8,333 119,720
Additions 50,645 2,096 22,495 - 75,236
Disposals (10,250 ) - (7,581 ) - (17,831 )
At 31 December 2023 88,627 10,375 69,790 8,333 177,125
DEPRECIATION
At 1 January 2023 30,267 4,915 21,752 6,571 63,505
Charge for year 15,163 2,419 18,323 581 36,486
Eliminated on disposal (4,450 ) - (7,393 ) - (11,843 )
At 31 December 2023 40,980 7,334 32,682 7,152 88,148
NET BOOK VALUE
At 31 December 2023 47,647 3,041 37,108 1,181 88,977
At 31 December 2022 17,965 3,364 33,124 1,762 56,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 146,742 139,169
Prepayments and accrued income 1,617 2,551
148,359 141,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 6,667
Trade creditors 53,006 21,778
Tax 52,382 50,909
Social security and other taxes 13,579 9,164
VAT 46,177 58,254
Other creditors 9,523 1,842
Net wage control 4,563 -
Pension fund 2,581 -
Directors' current accounts 8,019 16,691
Accrued expenses 896 396
200,726 165,701

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 15,000 28,333