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REGISTERED NUMBER: 00751380 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

GREENS THE SIGNMAKERS LIMITED

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 10


GREENS THE SIGNMAKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: C J Green
H Green
L O Green
H L Green





SECRETARY: H Green





REGISTERED OFFICE: Brighton Street
Hull
East Yorkshire
HU3 4UW





REGISTERED NUMBER: 00751380 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,474,776 1,766,417

CURRENT ASSETS
Stocks 192,993 201,550
Debtors 5 1,667,798 1,357,243
Cash at bank and in hand 727,488 800,270
2,588,279 2,359,063
CREDITORS
Amounts falling due within one year 6 1,519,570 1,451,081
NET CURRENT ASSETS 1,068,709 907,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,543,485

2,674,399

CREDITORS
Amounts falling due after more than one
year

7

(32,572

)

(67,402

)

PROVISIONS FOR LIABILITIES 8 (76,001 ) (160,229 )

PENSION LIABILITY 10 (23,000 ) (268,000 )
NET ASSETS 2,411,912 2,178,768

CAPITAL AND RESERVES
Called up share capital 3,150 3,150
Capital redemption reserve 9 3,150 3,150
Revaluation reserve 161,237 161,237
Retained earnings 2,244,375 2,011,231
SHAREHOLDERS' FUNDS 2,411,912 2,178,768

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

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

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd July 2024 and were signed on its behalf by:





L O Green - Director


GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

1. STATUTORY INFORMATION

Greens The Signmakers 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount invoiced to customers for work done, exclusive of value added tax, adjusted for contract work in progress.

Depreciation
Depreciation is calculated to write down the cost less estimated residual value of all fixed assets (excluding freehold land) over their expected useful lives.

The rates generally applicable are:-

Freehold buildings2% per annum - equal annual instalments
Plant and equipment25% per annum - reducing balance method
Motor vehicles35% per annum - reducing balance method

No depreciation has been provided on the freehold buildings as the directors are of the opinion that the residual value of the freehold buildings is at least equal to the revalued amount.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell. In general, cost is determined on a first in first out basis.

In the case of work in progress, cost consists of direct materials, direct labour and attributable production overheads.

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.

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

2. ACCOUNTING POLICIES - continued

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.

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

For the defined benefit scheme the amounts charged to operating profit are the current service costs and gains and losses on settlements and curtailments. They are included as part of staff costs. Past service costs are recognised immediately in the profit and loss account if the benefits have vested. If the benefits have not vested immediately, the costs are recognised over the period until vesting occurs. The interest cost and the expected return on assets are shown as a net amount of other finance costs or credits adjacent to interest. Actuarial gains and losses are recognised immediately in the statement of comprehensive income.

The defined benefit scheme is funded, with the assets of the scheme held separately from those of the company, in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent currency and term to the scheme liabilities. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The resulting defined benefit asset or liability is presented separately after other net assets on the face of the balance sheet.

For defined contribution schemes the amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2022 - 55 ) .

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

4. TANGIBLE FIXED ASSETS
Freehold
land and Plant and Motor
buildings equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st December 2022 970,537 1,057,063 646,205 2,673,805
Additions - 5,214 6,700 11,914
Disposals - (106,351 ) (194,900 ) (301,251 )
At 30th November 2023 970,537 955,926 458,005 2,384,468
DEPRECIATION
At 1st December 2022 - 723,558 183,830 907,388
Charge for year - 83,661 109,069 192,730
Eliminated on disposal - (101,967 ) (88,459 ) (190,426 )
At 30th November 2023 - 705,252 204,440 909,692
NET BOOK VALUE
At 30th November 2023 970,537 250,674 253,565 1,474,776
At 30th November 2022 970,537 333,505 462,375 1,766,417

Cost or valuation at 30th November 2023 is represented by:

Freehold
land and Plant and Motor
buildings equipment vehicles Totals
£    £    £    £   
Valuation in 2001 161,237 - - 161,237
Cost 809,300 955,926 458,005 2,223,231
970,537 955,926 458,005 2,384,468

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 809,300 809,300

Value of land in freehold land and buildings 101,232 101,232

Freehold land and buildings were valued on an open market basis on 28th February 2001 by PPH Commercial, Chartered Surveyors .

The net book value of tangible fixed assets includes £ 94,457 (2022 - £ 154,513 ) in respect of assets held under hire purchase contracts.

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,236,664 1,004,701
Amounts recoverable on contracts 399,106 320,207
Other debtors 5,401 5,318
Prepayments and accrued income 26,627 27,017
1,667,798 1,357,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 30,496 41,004
Trade creditors 689,159 577,528
Taxation and social security 143,585 123,319
Other creditors 656,330 709,230
1,519,570 1,451,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 32,572 67,402

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 76,001 160,229

Deferred
tax
£   
Balance at 1st December 2022 160,229
Accelerated capital allowances (84,228 )
Balance at 30th November 2023 76,001

9. RESERVES
Capital
redemption
reserve
£   
At 1st December 2022
and 30th November 2023 3,150

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

10. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a pension scheme providing benefits based on final pensionable pay. The assets of the scheme are held separately from those of the company, being invested with insurance companies. The defined benefit scheme is closed to new members and active members of the scheme ceased to accrue benefits in respect of pensionable service from 30th November 2008.

The contributions are determined by a qualified actuary on the basis of triennial valuations using the projected unit credit method. A full actuarial valuation of the scheme was carried out as at 1st December 2019, which has been updated to 30th November 2021 by a qualified independent actuary. The contributions of the company have been set at £78,164 for the period from 1st December 2019 to 31st December 2020, £14,256 for the period from 1st January 2021 to 28th February 2021, £8,734 for the period from 1st March 2021 to 30th April 2021and then £4,500 per month from 1st May 2021increasing by 3.6% per annum compound on each 1st December with the first increase on 1st December 2021 to eliminate the deficit by 31st May 2037. The cost of insuring the death in service benefits is paid in addition.

The amounts recognised in profit or loss are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Current service cost 9,000 9,000
Net interest from net defined benefit
asset/liability

10,000

15,000
Past service cost - -
19,000 24,000

Actual return on plan assets 157,000 99,000

Changes in the present value of the defined benefit obligation are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Opening defined benefit obligation 4,056,000 5,726,000
Current service cost 9,000 9,000
Interest cost 167,000 114,000
Benefits paid (256,000 ) (107,000 )
Actuarial (gains)/losses from changes in
financial assumptions

(444,000

)

(1,686,000

)
3,532,000 4,056,000

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

10. EMPLOYEE BENEFIT OBLIGATIONS - continued

Changes in the fair value of scheme assets are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Opening fair value of scheme assets 3,788,000 4,972,000
Contributions by employer 67,000 65,000
Expected return 157,000 99,000
Benefits paid (256,000 ) (107,000 )
Return on plan assets (excluding interest
income)

(247,000

)

(1,241,000

)
3,509,000 3,788,000

The amounts recognised in other comprehensive income are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Actuarial (gains)/losses from changes in
financial assumptions

444,000

1,686,000
Return on plan assets (excluding interest
income)

(247,000

)

(1,241,000

)
197,000 445,000

The major categories of scheme assets as amounts of total scheme assets are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Bonds 442,000 1,083,000
Long-Dated Corporate Bond Fun 888,000 -
Property Fund 326,000 364,000
UK Equity Active Fund 979,000 1,010,000
Cash 26,000 13,000
Diversified Growth 848,000 1,318,000
3,509,000 3,788,000

Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2023 2022
Discount rate 5.10% 4.25%
Deferred pension increases 2.85% 2.55%
Future pension increases 3.20% 2.85%
Retail Price Index inflation rate 3.45% 3.15%
Consumer Price Index inflation rate 2.10% 1.80%

GREENS THE SIGNMAKERS LIMITED (REGISTERED NUMBER: 00751380)

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

10. EMPLOYEE BENEFIT OBLIGATIONS - continued

Post retirement mortality
Assumed life expectancy in years on retirement at age 65
20232022
Retiring today
- Males20.721.5
- Females23.224.0
Retiring in 20 years
- Males21.922.8
- Females24.625.4

Defined contribution scheme

The company operates defined contribution retirement benefit schemes for all qualifying employees. The assets of the schemes are held separately from those of the company in funds under the control of trustees.

The total cost charged to income of £143,054 (2022: £108,016) represents contributions payable to these schemes by the company at rates specified in the rules of the plans.

11. ULTIMATE CONTROLLING PARTY

For both the current and previous year, the company was under the control of Mr. C.J. Green, a director of the company.