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REGISTERED NUMBER: SC278743 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Tiger Signs Ltd.

Tiger Signs Ltd. (Registered number: SC278743)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tiger Signs Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S S McMurray
Ms J M McMurray





SECRETARY: Ms J M McMurray





REGISTERED OFFICE: Unit 2E
West Mains Industrial Estate
Grangemouth
Falkirk
FK3 8YE





REGISTERED NUMBER: SC278743 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Tiger Signs Ltd. (Registered number: SC278743)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 123,969 91,293
123,969 91,293

CURRENT ASSETS
Stocks 6,529 7,819
Debtors 6 238,439 253,972
Cash at bank and in hand 263,089 187,574
508,057 449,365
CREDITORS
Amounts falling due within one year 7 144,728 115,228
NET CURRENT ASSETS 363,329 334,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,298

425,430

CREDITORS
Amounts falling due after more than one year 8 (66,782 ) (45,083 )

PROVISIONS FOR LIABILITIES (14,878 ) (14,878 )
NET ASSETS 405,638 365,469

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 404,638 364,469
SHAREHOLDERS' FUNDS 405,638 365,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

Tiger Signs Ltd. (Registered number: SC278743)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 May 2024 and were signed on its behalf by:





S S McMurray - Director


Tiger Signs Ltd. (Registered number: SC278743)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Tiger Signs Ltd. is a private company, limited by shares , registered in Scotland. 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
The turnover shown in the profit and loss account represents the fair value of the consideration received or receivable for services rendered as graphic sign manufacturers, exclusive of value added tax.

Turnover is recognised when contracts have been completed and accepted by the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance 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.


Tiger Signs Ltd. (Registered number: SC278743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
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 calculated using the effective interest method and charged to the profit and loss account over the relevant period. The capital element of future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and loss account 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.

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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction cost, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

Tiger Signs Ltd. (Registered number: SC278743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 53,899
AMORTISATION
At 1 April 2023
and 31 March 2024 53,899
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 321,536
Additions 84,310
Disposals (48,999 )
At 31 March 2024 356,847
DEPRECIATION
At 1 April 2023 230,243
Charge for year 42,262
Eliminated on disposal (39,627 )
At 31 March 2024 232,878
NET BOOK VALUE
At 31 March 2024 123,969
At 31 March 2023 91,293

Tiger Signs Ltd. (Registered number: SC278743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 64,614
Additions 76,334
Disposals (64,614 )
At 31 March 2024 76,334
DEPRECIATION
At 1 April 2023 50,326
Charge for year 22,900
Eliminated on disposal (50,326 )
At 31 March 2024 22,900
NET BOOK VALUE
At 31 March 2024 53,434
At 31 March 2023 14,288

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract 118,947 132,901
Other debtors 119,492 121,071
238,439 253,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,334 4,314
Trade creditors 53,284 57,629
Taxation and social security 48,192 48,224
Other creditors 30,918 5,061
144,728 115,228

Tiger Signs Ltd. (Registered number: SC278743)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 44,282 12,583
66,782 45,083

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr & Mrs S.S.McMurray who jointly hold 100% of the issued share capital of the company.