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REGISTERED NUMBER: SC294479 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Avia Signs Limited

Avia Signs Limited (Registered number: SC294479)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Avia Signs Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A MacRae





SECRETARY:





REGISTERED OFFICE: Units 4,5,6 Brown Street
Coatbridge
ML5 4AS





REGISTERED NUMBER: SC294479 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Avia Signs Limited (Registered number: SC294479)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,729 82,443

CURRENT ASSETS
Stocks 20,405 20,405
Debtors 5 589,567 681,333
Cash at bank 48 30,012
610,020 731,750
CREDITORS
Amounts falling due within one year 6 509,148 554,883
NET CURRENT ASSETS 100,872 176,867
TOTAL ASSETS LESS CURRENT LIABILITIES 309,601 259,310

CREDITORS
Amounts falling due after more than one year 7 153,314 77,500
NET ASSETS 156,287 181,810

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 20 20
Retained earnings 156,167 181,690
156,287 181,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 March 2024 and were signed by:





A MacRae - Director


Avia Signs Limited (Registered number: SC294479)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Avia Signs Limited 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 20% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% 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
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
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 15 (2022 - 14 ) .

Avia Signs Limited (Registered number: SC294479)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 28,450 220,993 54,806
Additions - 151,060 370
Disposals - - -
At 31 December 2023 28,450 372,053 55,176
DEPRECIATION
At 1 January 2023 28,450 176,895 40,583
Charge for year - 35,655 5,368
Eliminated on disposal - - -
At 31 December 2023 28,450 212,550 45,951
NET BOOK VALUE
At 31 December 2023 - 159,503 9,225
At 31 December 2022 - 44,098 14,223

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 80,901 82,176 467,326
Additions 30,310 - 181,740
Disposals (16,992 ) - (16,992 )
At 31 December 2023 94,219 82,176 632,074
DEPRECIATION
At 1 January 2023 62,671 76,284 384,883
Charge for year 9,186 5,245 55,454
Eliminated on disposal (16,992 ) - (16,992 )
At 31 December 2023 54,865 81,529 423,345
NET BOOK VALUE
At 31 December 2023 39,354 647 208,729
At 31 December 2022 18,230 5,892 82,443

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,310
At 31 December 2023 30,310
DEPRECIATION
Charge for year 1,894
At 31 December 2023 1,894
NET BOOK VALUE
At 31 December 2023 28,416

Avia Signs Limited (Registered number: SC294479)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 388,216 274,629
Other debtors 197,191 402,517
585,407 677,146

Amounts falling due after more than one year:
Other debtors 4,160 4,187

Aggregate amounts 589,567 681,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 33,086 31,847
Hire purchase contracts 35,110 21,852
Trade creditors 97,603 106,988
Taxation and social security 142,661 295,561
Other creditors 200,688 98,635
509,148 554,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 47,500 77,500
Hire purchase contracts 105,814 -
153,314 77,500

Avia Signs Limited

Report of the Accountants to the Director of
Avia Signs Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY


28 March 2024