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REGISTERED NUMBER: 11510397 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THE SIGNAGE & DISPLAY CO LIMITED

THE SIGNAGE & DISPLAY CO LIMITED (REGISTERED NUMBER: 11510397)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SIGNAGE & DISPLAY CO LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: M A Mack
K J Newton





REGISTERED OFFICE: 1-2 Venture Court
Hinckley
LE10 3BT





REGISTERED NUMBER: 11510397 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

THE SIGNAGE & DISPLAY CO LIMITED (REGISTERED NUMBER: 11510397)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528,698 418,044

CURRENT ASSETS
Stocks 167,163 108,358
Debtors 5 791,284 841,441
Cash at bank 270,801 96,247
1,229,248 1,046,046
CREDITORS
Amounts falling due within one year 6 902,311 653,904
NET CURRENT ASSETS 326,937 392,142
TOTAL ASSETS LESS CURRENT LIABILITIES 855,635 810,186

CREDITORS
Amounts falling due after more than one year 7 (145,094 ) (147,476 )

PROVISIONS FOR LIABILITIES (125,944 ) (80,917 )
NET ASSETS 584,597 581,793

CAPITAL AND RESERVES
Called up share capital 95 89
Share premium 41,981 29,987
Retained earnings 542,521 551,717
584,597 581,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 5 April 2024 and were signed on its behalf by:




M A Mack - Director


THE SIGNAGE & DISPLAY CO LIMITED (REGISTERED NUMBER: 11510397)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

The Signage & Display Co 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
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Plant and machinery10% per annum on net book amount
Office equipment20% per annum on net book amount
Motor vehicles20% per annum on net book amount

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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.

THE SIGNAGE & DISPLAY CO LIMITED (REGISTERED NUMBER: 11510397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets. Assets held under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets held under hire purchase contracts are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of change on the net obligation outstanding in each period.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 55 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2022 413,942 28,773 130,409 573,124
Additions 191,312 7,932 - 199,244
Disposals (28,200 ) - - (28,200 )
At 30 September 2023 577,054 36,705 130,409 744,168
DEPRECIATION
At 1 October 2022 90,023 13,331 51,726 155,080
Charge for year 49,675 4,676 15,737 70,088
Eliminated on disposal (9,698 ) - - (9,698 )
At 30 September 2023 130,000 18,007 67,463 215,470
NET BOOK VALUE
At 30 September 2023 447,054 18,698 62,946 528,698
At 30 September 2022 323,919 15,442 78,683 418,044

Included within the above amounts are assets held under finance leases or hire purchase contracts as follows:

Net book value - £311,551 (2022: £247,588)
Depreciation - £86,249 (2022:£48,022)

THE SIGNAGE & DISPLAY CO LIMITED (REGISTERED NUMBER: 11510397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 732,228 780,485
Other debtors 59,056 60,956
791,284 841,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 85,949 71,448
Trade creditors 511,953 312,809
Taxation and social security 254,953 220,301
Other creditors 39,456 39,346
902,311 653,904

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 125,927 118,309
145,094 147,476