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Company Registration No. NI073580 (Northern Ireland)
Beyond Signage Ltd Unaudited accounts for the year ended 31 August 2023
Beyond Signage Ltd Unaudited accounts Contents
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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
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Beyond Signage Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,130 
4,185 
Tangible assets
35,197 
49,864 
38,327 
54,049 
Current assets
Inventories
32,000 
56,933 
Debtors
113,536 
80,293 
Cash at bank and in hand
12,173 
42,186 
157,709 
179,412 
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)
Net assets
340 
10 
Capital and reserves
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
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Beyond Signage Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (15% Straight Line).
Inventories
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.
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Beyond Signage Ltd Notes to the Accounts for the year ended 31 August 2023
Leased assets
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.
Foreign exchange
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
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 
£ 
Cost
At 1 September 2022
7,030 
At 31 August 2023
7,030 
Amortisation
At 1 September 2022
2,845 
Charge for the year
1,055 
At 31 August 2023
3,900 
Net book value
At 31 August 2023
3,130 
At 31 August 2022
4,185 
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 
Depreciation
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 
Net book value
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 
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Beyond Signage Ltd Notes to the Accounts for the year ended 31 August 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
82,607 
55,606 
Other debtors
30,929 
24,687 
113,536 
80,293 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
34,057 
23,937 
VAT
6,365 
6,917 
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 
Accruals
2,085 
1,967 
177,211 
187,246 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,485 
28,544 
Obligations under finance leases and hire purchase contracts
- 
2,796 
Other creditors
- 
14,865 
18,485 
46,205 
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).
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