|
|
2023 |
|
2022 |
|
|
£ |
£ |
|
£ |
£ |
Fixed assets |
|
|
6,996 |
|
|
9,839 |
Current assets |
|
1,051 |
|
|
8,681 |
|
Creditors: amount falling due within one year |
|
(74,477) |
|
|
(46,494) |
|
Net current liabilities
|
|
|
(73,426)
|
|
|
(37,813)
|
Total assets less current liabilities
|
|
|
(66,430) |
|
|
(27,974) |
Creditors: amount falling due after more than one year |
|
|
(37,100) |
|
|
(49,895) |
Net liabilities
|
|
|
(103,530) |
|
|
(77,869) |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(103,530) |
|
|
(77,869) |
|
NOTES TO THE ACCOUNTS
General Information
Notice Signs and Graphics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12258958, registration address Thornton Station Yard, Holme Head Farm Road, Ingleton, North Yorkshire, LA6 3ET.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention. It should be noted that the company is reliant on loans from related parties to continue trading. These loans are repayable on demand. At the time of signing the accounts the related parties expected to continue to financially support the company.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery |
20% Straight Line
|
Motor Vehicles |
25% Reducing Balance
|
|
2. |
Tangible fixed assets
Cost or valuation |
Plant & Machinery |
|
Motor Vehicles |
|
Total |
|
£ |
|
£ |
|
£ |
At 01 July 2022 |
9,995 |
|
1,500 |
|
11,495 |
Additions |
- |
|
- |
|
- |
Disposals |
- |
|
(1,500) |
|
(1,500) |
At 30 June 2023 |
9,995 |
|
- |
|
9,995 |
Depreciation |
At 01 July 2022 |
1,000 |
|
656 |
|
1,656 |
Charge for year |
1,999 |
|
35 |
|
2,034 |
On disposals |
- |
|
(691) |
|
(691) |
At 30 June 2023 |
2,999 |
|
- |
|
2,999 |
Net book values |
Closing balance as at 30 June 2023 |
6,996 |
|
- |
|
6,996 |
Opening balance as at 01 July 2022 |
8,995 |
|
844 |
|
9,839 |
|
3. |
Average number of employees
Average employee numbers below include unpaid directors.
Average number of employees during the year was 3 (2022 : 4).
|
4. |
Related parties
At the period end the company had balances due from/(payable to) the following related parties:
Related party |
|
Current year £ |
|
Prior year £ |
Loan to DU Alexander (director & shareholder) |
|
- |
|
8 |
Loan to MA Walls (Shareholder) |
|
182 |
|
182 |
Trade debtor GP Specialist Vehicles Limited (common shareholders & directors) |
|
- |
|
163 |
Trade debtor Agri-Plant SV Ltd (common shareholder & director) |
|
- |
|
6 |
Trade creditor David Alexander Marketing Ltd (common shareholder & director) |
|
- |
|
(895) |
Loan from GP Specialist Vehicles Limited (common shareholders & directors) |
|
(36,520) |
|
(31,879) |
Loan from Agri-Plant SV Ltd (common shareholder & director) |
|
(12,500) |
|
(6,000) |
Loan from APSV Coatings Ltd (common shareholder & directors) |
|
- |
|
- |
The balances are interest free and repayable on demand.
|
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 March 2024 and were signed on its behalf by: -------------------------------- D U Alexander Director |
2
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