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REGISTERED NUMBER: 05963781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

INDEPENDENT SIGNAL DESIGN LIMITED

INDEPENDENT SIGNAL DESIGN LIMITED (REGISTERED NUMBER: 05963781)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


INDEPENDENT SIGNAL DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S M Minchin





REGISTERED OFFICE: 61 Bridge Street
Kington
HR5 3DJ





REGISTERED NUMBER: 05963781 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

INDEPENDENT SIGNAL DESIGN LIMITED (REGISTERED NUMBER: 05963781)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 26,627 30,635

CURRENT ASSETS
Inventories 3,000 5,000
Debtors 5 8,163 55,762
Cash at bank 25,163 8,010
36,326 68,772
CREDITORS
Amounts falling due within one year 6 (23,497 ) (23,890 )
NET CURRENT ASSETS 12,829 44,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,456

75,517

CREDITORS
Amounts falling due after more than one
year

7

(4,745

)

(10,670

)

PROVISIONS FOR LIABILITIES (6,482 ) (7,447 )
NET ASSETS 28,229 57,400

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,129 57,300
28,229 57,400

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2024 and were signed by:





S M Minchin - Director


INDEPENDENT SIGNAL DESIGN LIMITED (REGISTERED NUMBER: 05963781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Independent Signal Design 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.

In light of the current climate in relation to the Covid-19 pandemic, the director has reviewed the company's finances which confirm the company has adequate support and funding available to continue operating for the foreseeable future. The director believes there are no material uncertainties that call into doubt the company's ability to continue as a going concern.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 25% on reducing balance
Office equipment - 33.3% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

INDEPENDENT SIGNAL DESIGN LIMITED (REGISTERED NUMBER: 05963781)

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 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Office
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 November 2022 8,915 32,287 14,945 56,147
Additions 707 - 3,094 3,801
Disposals - - (378 ) (378 )
At 31 October 2023 9,622 32,287 17,661 59,570
DEPRECIATION
At 1 November 2022 5,405 6,457 13,650 25,512
Charge for year 968 5,166 1,371 7,505
Eliminated on disposal - - (74 ) (74 )
At 31 October 2023 6,373 11,623 14,947 32,943
NET BOOK VALUE
At 31 October 2023 3,249 20,664 2,714 26,627
At 31 October 2022 3,510 25,830 1,295 30,635

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 November 2022
and 31 October 2023 32,287
DEPRECIATION
At 1 November 2022 6,457
Charge for year 5,166
At 31 October 2023 11,623
NET BOOK VALUE
At 31 October 2023 20,664
At 31 October 2022 25,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 8,160 50,280
Other debtors 3 5,482
8,163 55,762

INDEPENDENT SIGNAL DESIGN LIMITED (REGISTERED NUMBER: 05963781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 445 -
Hire purchase contracts 6,613 6,613
Taxation and social security 13,217 15,385
Other creditors 3,222 1,892
23,497 23,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts 4,745 10,670

8. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is director's loan account in the sum of £104 (2022 £454) which has been provided by S M Minchin. The accounts are unsecured, interest free and carry no fixed date of repayment.