Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01falseThe principal activity of the company during the year was the design, manufacture and installation of signs and graphics.2525truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06962181 2022-08-01 2023-07-31 06962181 2023-07-31 06962181 2021-08-01 2022-07-31 06962181 2022-07-31 06962181 c:Director1 2022-08-01 2023-07-31 06962181 d:PlantMachinery 2022-08-01 2023-07-31 06962181 d:PlantMachinery 2023-07-31 06962181 d:PlantMachinery 2022-07-31 06962181 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06962181 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06962181 d:MotorVehicles 2022-08-01 2023-07-31 06962181 d:MotorVehicles 2023-07-31 06962181 d:MotorVehicles 2022-07-31 06962181 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06962181 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06962181 d:FurnitureFittings 2022-08-01 2023-07-31 06962181 d:FurnitureFittings 2023-07-31 06962181 d:FurnitureFittings 2022-07-31 06962181 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06962181 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06962181 d:OfficeEquipment 2022-08-01 2023-07-31 06962181 d:OfficeEquipment 2023-07-31 06962181 d:OfficeEquipment 2022-07-31 06962181 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06962181 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06962181 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06962181 d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06962181 d:CurrentFinancialInstruments 2023-07-31 06962181 d:CurrentFinancialInstruments 2022-07-31 06962181 d:Non-currentFinancialInstruments 2023-07-31 06962181 d:Non-currentFinancialInstruments 2022-07-31 06962181 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06962181 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06962181 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 06962181 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 06962181 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 06962181 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 06962181 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 06962181 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 06962181 d:ShareCapital 2023-07-31 06962181 d:ShareCapital 2022-07-31 06962181 d:RetainedEarningsAccumulatedLosses 2023-07-31 06962181 d:RetainedEarningsAccumulatedLosses 2022-07-31 06962181 c:FRS102 2022-08-01 2023-07-31 06962181 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 06962181 c:FullAccounts 2022-08-01 2023-07-31 06962181 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06962181 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 06962181 d:HirePurchaseContracts d:WithinOneYear 2022-07-31 06962181 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 06962181 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-07-31 06962181 d:HirePurchaseContracts d:MoreThanFiveYears 2023-07-31 06962181 d:HirePurchaseContracts d:MoreThanFiveYears 2022-07-31 06962181 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06962181 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 06962181 2 2022-08-01 2023-07-31 06962181 6 2022-08-01 2023-07-31 06962181 d:Buildings d:LeasedAssetsHeldAsLessee 2023-07-31 06962181 d:Buildings d:LeasedAssetsHeldAsLessee 2022-07-31 06962181 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 06962181 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-31 06962181 d:LeasedAssetsHeldAsLessee 2023-07-31 06962181 d:LeasedAssetsHeldAsLessee 2022-07-31 06962181 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 06962181


CITY & COUNTY GRAPHICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
CITY & COUNTY GRAPHICS LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CITY & COUNTY GRAPHICS LIMITED
FOR THE YEAR ENDED 31 JULY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of City & County Graphics Limited for the year ended 31 July 2023 which comprise the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of City & County Graphics Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of City & County Graphics Limited and state those matters that we have agreed to state to the director of City & County Graphics Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than City & County Graphics Limited and its director for our work or for this report. 

It is your duty to ensure that City & County Graphics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of City & County Graphics Limited. You consider that City & County Graphics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of City & County Graphics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Wellers
Accountants
8 King Edward Street
Oxford
OX1 4HL
16 April 2024
Page 1

 
CITY & COUNTY GRAPHICS LIMITED
REGISTERED NUMBER: 06962181

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
264,719
378,064

Investments
 5 
340,957
324,457

  
605,676
702,521

Current assets
  

Stocks
  
17,083
77,385

Debtors: amounts falling due within one year
 6 
1,204,699
1,219,123

Cash at bank and in hand
 7 
114,752
81,615

  
1,336,534
1,378,123

Creditors: amounts falling due within one year
 8 
(692,821)
(664,319)

Net current assets
  
 
 
643,713
 
 
713,804

Total assets less current liabilities
  
1,249,389
1,416,325

Creditors: amounts falling due after more than one year
 9 
(206,612)
(341,760)

Provisions for liabilities
  

Deferred tax
 12 
(31,747)
(7,443)

  
 
 
(31,747)
 
 
(7,443)

Net assets
  
1,011,030
1,067,122


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,010,030
1,066,122

  
1,011,030
1,067,122


Page 2

 
CITY & COUNTY GRAPHICS LIMITED
REGISTERED NUMBER: 06962181
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M Dunderdale
Director

Date: 16 April 2024

The notes on pages 4 to 15 form part of these financial statements.

Page 3

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

City & County Graphics Limited (Company number 06962181) is a limited liability company which is registered in England and Wales. The registered office is Unit J1 Kingston Business Park, Kingston Bagpuize, Oxfordshire, OX13 5AS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company contributes into a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model 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 the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25% straight line
Motor vehicles
-
25% straight line
Fixtures & fittings
-
25% straight line
Office equipment
-
25% straight line

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.

Page 6

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

Valuation of investments

Where market value can be reliably determined, investments are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average 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.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Page 7

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.17
Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 8

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2022 - 25).

Page 9

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
1,032,094
361,153
59,247
52,009
1,504,503


Additions
6,000
33,500
-
-
39,500


Disposals
(76,972)
(66,949)
-
-
(143,921)



At 31 July 2023

961,122
327,704
59,247
52,009
1,400,082



Depreciation


At 1 August 2022
689,492
330,305
55,535
51,108
1,126,440


Charge for the year on owned assets
21,239
6,673
1,238
755
29,905


Charge for the year on financed assets
106,363
16,576
-
-
122,939


Disposals
(76,972)
(66,949)
-
-
(143,921)



At 31 July 2023

740,122
286,605
56,773
51,863
1,135,363



Net book value



At 31 July 2023
221,000
41,099
2,474
146
264,719



At 31 July 2022
342,602
30,848
3,713
901
378,064

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant & machinery
214,195
337,922

Motor vehicles
41,098
30,848

255,293
368,770

Page 10

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 August 2022
324,457


Additions
39,000


Disposals
(22,500)



At 31 July 2023
340,957





6.


Debtors

2023
2022
£
£


Trade debtors
527,295
419,417

Other debtors
655,589
782,337

Prepayments and accrued income
21,815
17,369

1,204,699
1,219,123



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
114,752
81,615

114,752
81,615


Page 11

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
20,071
19,576

Trade creditors
395,646
402,420

Corporation tax
6,144
-

Other taxation and social security
101,916
23,605

Obligations under finance lease and hire purchase contracts
134,195
205,625

Other creditors
19,361
10,093

Accruals and deferred income
15,488
3,000

692,821
664,319


2023
2022
£
£

Other taxation and social security

PAYE/NI control
31,379
23,605

VAT control
70,537
-

101,916
23,605


The following liabilities were secured:

2023
2022
£
£

Obligations under finance lease and hire purchase contracts


Obligations under finance lease and hire purchase contracts
134,195
205,625

134,195
205,625

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured against the underlying assets
that are subject to finance.

Page 12

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
38,124
58,195

Net obligations under finance leases and hire purchase contracts
168,488
283,565

206,612
341,760


The following liabilities were secured:

2023
2022
£
£



Obligations under finance lease and hire purchase contracts
168,488
283,565

168,488
283,565

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured against the underlying assets
that are subject to finance.

Page 13

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
20,071
19,576


20,071
19,576

Amounts falling due 1-2 years

Bank loans
20,578
20,071


20,578
20,071

Amounts falling due 2-5 years

Bank loans
17,546
38,124


17,546
38,124


58,195
77,771



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
134,195
205,625

Between 1-2 years
117,377
136,134

Between 2-5 years
51,111
147,431

302,683
489,190

Page 14

 
CITY & COUNTY GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.


Deferred taxation




2023


£






At beginning of year
(7,443)


Charged to profit or loss
(24,304)



At end of year
(31,747)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(31,747)
(7,443)

(31,747)
(7,443)


13.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,683 (2022 - £16,672). Contributions totalling £3,849 (2022 - £3,161) were payable to the fund at the balance sheet date and are included in creditors.


14.


Transactions with directors

Included in other debtors, due within one year is a loan to Mr M Dunderdale. The amount outstanding as at 31 July 2023 was £270,955 (2022 - £271,114). The loan is subject to an interest rate of 2.25% APR and there is no fixed date of repayment.


15.


Related party transactions

Included in other debtors, due within one year are amounts due from City & County Signs Limited and Three Wide Middle Limited. Both of these companies are 100% owned and controlled by Mr M Dunderdale. 
As at 31 July 2023, City & County Signs Limited owed £262,468 (2022 - £372,523). The loan is interest free and no fixed date of repayment.
As at 31 July 2023, Three Wide Middle Limited owed £22,601 (2022 - £20,841). The loan is interest free and no fixed date of repayment.

 
Page 15