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Company Registration No. 8795799 (England and Wales)
GI Signs Limited Unaudited accounts for the year ended 30 November 2023
GI Signs Limited Unaudited accounts Contents
Page
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GI Signs Limited Company Information for the year ended 30 November 2023
Director
S Nee
Company Number
8795799 (England and Wales)
Registered Office
25 Gannon Road Worthing West Sussex BN11 2DT England
Accountants
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD
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GI Signs Limited Accountants' report
Accountants' report to the director of GI Signs Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GI Signs Limited for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GI Signs Limited, as a body, in accordance with the terms of our engagement letter dated 14 February 2014. Our work has been undertaken solely to prepare for your approval the accounts of GI Signs Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GI Signs Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GI Signs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GI Signs Limited. You consider that GI Signs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GI Signs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD 8 August 2024
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GI Signs Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,768 
3,691 
Current assets
Debtors
9,464 
13,604 
Cash at bank and in hand
3,502 
1,060 
12,966 
14,664 
Creditors: amounts falling due within one year
(9,788)
(10,579)
Net current assets
3,178 
4,085 
Total assets less current liabilities
5,946 
7,776 
Creditors: amounts falling due after more than one year
(4,000)
(6,000)
Net assets
1,946 
1,776 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
946 
776 
Shareholders' funds
1,946 
1,776 
For the year ending 30 November 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
S Nee Director Company Registration No. 8795799
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GI Signs Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
GI Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 8795799. The registered office is 25 Gannon Road, Worthing, West Sussex, BN11 2DT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing
Motor vehicles
25% reducing
Fixtures & fittings
15% reducing
Computer equipment
over three years
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
514 
8,350 
150 
800 
9,814 
At 30 November 2023
514 
8,350 
150 
800 
9,814 
Depreciation
At 1 December 2022
219 
5,047 
112 
745 
6,123 
Charge for the year
73 
826 
6 
18 
923 
At 30 November 2023
292 
5,873 
118 
763 
7,046 
Net book value
At 30 November 2023
222 
2,477 
32 
37 
2,768 
At 30 November 2022
295 
3,303 
38 
55 
3,691 
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GI Signs Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,620 
1,000 
Other debtors
7,844 
12,604 
9,464 
13,604 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,000 
2,000 
Taxes and social security
6,738 
7,539 
Other creditors
995 
975 
Accruals
55 
65 
9,788 
10,579 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,000 
6,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Nee
Director's loan account
12,604 
- 
4,760 
7,844 
12,604 
- 
4,760 
7,844 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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