Company Registration No. NI073580 (Northern Ireland)
Beyond Signage Ltd
Unaudited accounts
for the year ended 31 August 2023
Beyond Signage Ltd
Unaudited accounts
Contents
Beyond Signage Ltd
Company Information
for the year ended 31 August 2023
Directors
Philip Carmichael
David Foster
Company Number
NI073580 (Northern Ireland)
Registered Office
Unit 6
75 Woodburn Road
Carrickfergus
BT38 8PS
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
Beyond Signage Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
3,130
4,185
Tangible assets
35,197
49,864
Cash at bank and in hand
12,173
42,186
Creditors: amounts falling due within one year
(177,211)
(187,246)
Net current liabilities
(19,502)
(7,834)
Total assets less current liabilities
18,825
46,215
Creditors: amounts falling due after more than one year
(18,485)
(46,205)
Called up share capital
2
2
Profit and loss account
338
8
Shareholders' funds
340
10
For the year ending 31 August 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 4 January 2024 and were signed on its behalf by
David Foster
Director
Company Registration No. NI073580
Beyond Signage Ltd
Notes to the Accounts
for the year ended 31 August 2023
Beyond Signage Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI073580. The registered office is Unit 6, 75 Woodburn Road, Carrickfergus, BT38 8PS, Northern Ireland.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
10% Straight Line
Plant & machinery
15% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (15% Straight Line).
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Beyond Signage Ltd
Notes to the Accounts
for the year ended 31 August 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
5,900
116,679
29,003
38,644
190,226
At 31 August 2023
5,900
116,679
29,003
38,644
190,226
At 1 September 2022
49
81,241
24,070
35,002
140,362
Charge for the year
590
12,140
1,233
704
14,667
At 31 August 2023
639
93,381
25,303
35,706
155,029
At 31 August 2023
5,261
23,298
3,700
2,938
35,197
At 31 August 2022
5,851
35,438
4,933
3,642
49,864
Beyond Signage Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
82,607
55,606
Other debtors
30,929
24,687
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
34,057
23,937
Obligations under finance leases and hire purchase contracts
2,831
14,109
Trade creditors
60,255
90,403
Amounts owed to group undertakings and other participating interests
-
4,554
Taxes and social security
66,619
42,989
Other creditors
4,999
2,370
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
2,796
Bank loan secured as follows:
Fixed and floating charge over the property and undertaking of the company.
9
Capital commitments
2023
2022
The company had no material capital commitments at the year-ended 31 August 2023.
10
Transactions with related parties
Included in other debtors are amounts owed from other related parties of £ 17,812 (2022: £21,812).
All amounts are interest-free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 9 (2022: 9).