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REGISTERED NUMBER: 02207061 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Signworld Screen Printers Ltd

Signworld Screen Printers Ltd (Registered number: 02207061)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Signworld Screen Printers Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr S E Button
Mrs J M Button
Mr R Button





SECRETARY: Mrs J M Button





REGISTERED OFFICE: Unit 7, Adams Business Centre
Henson Way
Kettering
Northamptonshire
NN16 8PX





REGISTERED NUMBER: 02207061 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Signworld Screen Printers Ltd (Registered number: 02207061)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 152,096 159,083

CURRENT ASSETS
Stocks 40,947 44,302
Debtors 5 15,368 20,580
Cash at bank 6,834 4,815
63,149 69,697
CREDITORS
Amounts falling due within one year 6 102,338 108,902
NET CURRENT LIABILITIES (39,189 ) (39,205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,907

119,878

CREDITORS
Amounts falling due after more than one
year

7

(27,515

)

(36,777

)

PROVISIONS FOR LIABILITIES (5,528 ) (5,946 )
NET ASSETS 79,864 77,155

CAPITAL AND RESERVES
Called up share capital 9 57,100 57,100
Capital redemption reserve 18,000 18,000
Retained earnings 4,764 2,055
SHAREHOLDERS' FUNDS 79,864 77,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Signworld Screen Printers Ltd (Registered number: 02207061)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Mr S E Button - Director


Signworld Screen Printers Ltd (Registered number: 02207061)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Signworld Screen Printers Ltd 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 33.33% on cost, 25% on reducing balance, 20% on cost and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Signworld Screen Printers Ltd (Registered number: 02207061)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 6 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 December 2022 150,000 222,768 372,768
Additions - 17,000 17,000
Disposals - (17,935 ) (17,935 )
At 30 November 2023 150,000 221,833 371,833
DEPRECIATION
At 1 December 2022 24,000 189,685 213,685
Charge for year 3,000 10,899 13,899
Eliminated on disposal - (7,847 ) (7,847 )
At 30 November 2023 27,000 192,737 219,737
NET BOOK VALUE
At 30 November 2023 123,000 29,096 152,096
At 30 November 2022 126,000 33,083 159,083

Signworld Screen Printers Ltd (Registered number: 02207061)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 December 2022 17,935
Additions 17,000
Disposals (17,935 )
At 30 November 2023 17,000
DEPRECIATION
At 1 December 2022 7,847
Charge for year 3,400
Eliminated on disposal (7,847 )
At 30 November 2023 3,400
NET BOOK VALUE
At 30 November 2023 13,600
At 30 November 2022 10,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 14,057 19,794
Other debtors 1,311 786
15,368 20,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 11,139 23,893
Hire purchase contracts 4,641 4,374
Trade creditors 45,913 45,079
Taxation and social security 15,071 14,930
Other creditors 25,574 20,626
102,338 108,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 15,833 26,936
Hire purchase contracts 11,682 9,841
27,515 36,777

Signworld Screen Printers Ltd (Registered number: 02207061)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,833 26,936

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 16,323 14,215

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100
57,000 Non-voting shares £1 57,000 57,000
57,100 57,100