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REGISTERED NUMBER: 01438790 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Allen Signs Limited

Allen Signs Limited (Registered number: 01438790)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allen Signs Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D J Allen
Mrs H Allen
G Merryweather





SECRETARY: Mrs H Allen





REGISTERED OFFICE: Waddington House
Whisby Way
Lincoln
LN6 3LQ





REGISTERED NUMBER: 01438790 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Allen Signs Limited (Registered number: 01438790)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,890 136,583

CURRENT ASSETS
Stocks 14,927 13,475
Debtors 5 335,713 249,235
Cash at bank and in hand 6,840 52,063
357,480 314,773
CREDITORS
Amounts falling due within one year 6 390,678 357,772
NET CURRENT LIABILITIES (33,198 ) (42,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,692

93,584

CREDITORS
Amounts falling due after more than one
year

7

(83,811

)

(67,361

)

PROVISIONS FOR LIABILITIES (29,747 ) (25,965 )
NET ASSETS 10,134 258

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 134 (9,742 )
SHAREHOLDERS' FUNDS 10,134 258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Allen Signs Limited (Registered number: 01438790)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:




D J Allen - Director



Mrs H Allen - Director


Allen Signs Limited (Registered number: 01438790)

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

1. STATUTORY INFORMATION

Allen Signs Limited 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.

Turnover
Revenue represents the fair value of the consideration received or receivable for sign manufacture services and sales, net of trade discounts and value added tax. Revenue is recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably.

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.

Improvements to property - 20% reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 20% reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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
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.

Allen Signs Limited (Registered number: 01438790)

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

2. ACCOUNTING POLICIES - continued

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 16 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 11,709 157,599 2,828
Additions - - 3,774
At 31 October 2023 11,709 157,599 6,602
DEPRECIATION
At 1 November 2022 9,003 137,235 779
Charge for year 541 4,073 633
At 31 October 2023 9,544 141,308 1,412
NET BOOK VALUE
At 31 October 2023 2,165 16,291 5,190
At 31 October 2022 2,706 20,364 2,049

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 108,670 222,964 503,770
Additions 52,950 - 56,724
At 31 October 2023 161,620 222,964 560,494
DEPRECIATION
At 1 November 2022 62,405 157,765 367,187
Charge for year 18,132 13,038 36,417
At 31 October 2023 80,537 170,803 403,604
NET BOOK VALUE
At 31 October 2023 81,083 52,161 156,890
At 31 October 2022 46,265 65,199 136,583

Allen Signs Limited (Registered number: 01438790)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 November 2022 248,593
Additions 52,950
At 31 October 2023 301,543
DEPRECIATION
At 1 November 2022 179,085
Charge for year 20,311
At 31 October 2023 199,396
NET BOOK VALUE
At 31 October 2023 102,147
At 31 October 2022 69,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 246,679 188,909
Amounts owed by group undertakings 43 43
Amounts recoverable on contracts 64,491 47,298
Other debtors 24,500 12,985
335,713 249,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,900 9,900
Hire purchase contracts 18,797 17,834
Trade creditors 124,811 116,106
Taxation and social security 46,486 94,625
Other creditors 190,684 119,307
390,678 357,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 26,033 35,933
Hire purchase contracts 57,778 31,428
83,811 67,361

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000