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REGISTERED NUMBER: 07449109 (England and Wales)















JAG SIGNS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






JAG SIGNS LIMITED (REGISTERED NUMBER: 07449109)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JAG SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs L Gardener
J A Gardener





SECRETARY: Mrs L Gardener





REGISTERED OFFICE: Mitre Business Units
River Tamar Way
Dobles Lane Industrial Estate
Holsworthy
DEVON
EX22 6HL





REGISTERED NUMBER: 07449109 (England and Wales)





ACCOUNTANTS: Jane Maynard Limited
T/A Maynard Johns
37 Mill Street
Bideford
DEVON
EX39 2JJ

JAG SIGNS LIMITED (REGISTERED NUMBER: 07449109)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 48,036 60,186

CURRENT ASSETS
Stocks 25,054 25,406
Debtors 5 227,313 253,410
Cash at bank and in hand 174,108 54,736
426,475 333,552
CREDITORS
Amounts falling due within one year (70,682 ) (77,792 )
NET CURRENT ASSETS 355,793 255,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,829

315,946

PROVISIONS FOR LIABILITIES (3,745 ) -
NET ASSETS 400,084 315,946

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 399,984 315,846
SHAREHOLDERS' FUNDS 400,084 315,946

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

JAG SIGNS LIMITED (REGISTERED NUMBER: 07449109)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed on its behalf by:





J A Gardener - Director


JAG SIGNS LIMITED (REGISTERED NUMBER: 07449109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Jag Signs 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, 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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 8 ) .

JAG SIGNS LIMITED (REGISTERED NUMBER: 07449109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 240,059
Additions 42,152
Disposals (88,997 )
At 30 November 2023 193,214
DEPRECIATION
At 1 December 2022 179,873
Charge for year 26,685
Eliminated on disposal (61,380 )
At 30 November 2023 145,178
NET BOOK VALUE
At 30 November 2023 48,036
At 30 November 2022 60,186

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 29,569 -

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J A Gardener and Mrs L Gardener
Balance outstanding at start of year 116,500 -
Amounts advanced 38,632 116,500
Amounts repaid (34,654 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 120,478 116,500

The company charged interest on the loan to the directors at a rate of 2% per annum for 2022/23 and 2.25% per annum for 2023/24 . As at the year end the interest unpaid was £2,949.

7. RELATED PARTY DISCLOSURES

Jag Signs Limited, owed £2,722 to Signgeer Limited at 30 November 2023, a company owned by the same shareholders of this company.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A and Mrs L Gardener.