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Image Signs & Print Ltd
Registered Number:08006336
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Image Signs & Print Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08006336
As at 31 March 2024
Image Signs & Print Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
18,917
24,453
3
18,917
24,453
Current assets
Inventories
1,000
1,000
4
Trade and other receivables
28,906
41,253
5
11,500
Cash and cash equivalents
8,139
50,392
41,406
Trade and other payables: amounts falling due within one
year
(49,565)
(47,831)
6
(8,159)
2,561
Net current assets
Total assets less current liabilities
21,478
16,294
Trade and other payables: amounts falling due after more
than one year
(19,584)
(14,584)
7
6,894
Net assets/liabilities
(3,290)
Capital and reserves
Called up share capital
102
102
Retained earnings
6,792
(3,392)
6,894
(3,290)
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven Hastings Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
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4
Registered Number :
08006336
For the year ended 31 March 2024
Image Signs & Print Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Image Signs & Print Ltd
Notes to the Financial Statements
Statutory Information
Image Signs & Print Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08006336.
Registered address:
Unit 6, Hurst Farm
Crosshands
Lydney
Glos.
GL15 4LH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, 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 and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
25 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 March 2024
Image Signs & Print Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,600
At 31 March 2024
10,600
Amortisation
At 01 April 2023
10,600
At 31 March 2024
10,600
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2023
71,576
4,437
720
33,229
33,190
573
141
342
-
90
Additions
At 31 March 2024
33,229
1,062
4,578
72,149
33,280
Provision for depreciation and impairment
At 01 April 2023
47,123
4,228
417
15,178
27,300
Charge for year
6,109
239
161
4,513
1,196
At 31 March 2024
53,232
4,467
578
19,691
28,496
At 31 March 2024
Net book value
4,784
13,538
484
111
18,917
At 31 March 2023
5,890
18,051
303
209
24,453
4. Inventories
2023
2024
£
£
Stocks
1,000
1,000
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7
For the year ended 31 March 2024
Image Signs & Print Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
31,942
16,895
Other debtors
9,311
12,011
28,906
41,253
The debtors above include the following amounts falling due after more than one year:
Other debtors
1,284
-
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,440
249
Taxation and social security
4,533
5,380
Other creditors
37,858
43,936
47,831
49,565
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
14,584
19,584
8. Average number of persons employed
During the year the average number of employees was 0
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