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REGISTERED NUMBER: 11047054 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

COVENTRY GRAPHICS & SIGNS LTD

COVENTRY GRAPHICS & SIGNS LTD (REGISTERED NUMBER: 11047054)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COVENTRY GRAPHICS & SIGNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: J A Crosby





REGISTERED OFFICE: Unit 5 Central City Industrial Estate
Red Lane
Coventry
United Kingdom
CV6 5RY





REGISTERED NUMBER: 11047054 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

COVENTRY GRAPHICS & SIGNS LTD (REGISTERED NUMBER: 11047054)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 10,000
Tangible assets 5 21,508 29,624
29,508 39,624

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 6 30,609 35,851
Cash at bank 23 6,815
70,632 82,666
CREDITORS
Amounts falling due within one year 7 176,254 164,450
NET CURRENT LIABILITIES (105,622 ) (81,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,114

)

(42,160

)

CREDITORS
Amounts falling due after more than one
year

8

34,453

48,533
NET LIABILITIES (110,567 ) (90,693 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (110,568 ) (90,694 )
(110,567 ) (90,693 )

COVENTRY GRAPHICS & SIGNS LTD (REGISTERED NUMBER: 11047054)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 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 20 August 2024 and were signed by:





J A Crosby - Director


COVENTRY GRAPHICS & SIGNS LTD (REGISTERED NUMBER: 11047054)

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


1. STATUTORY INFORMATION

Coventry Graphics & Signs Ltd 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.

At 30 November 2023 the company had net liabilities of 110,567 (2022 - £90,693). Based on future forecasted profits and the continuing support of the company's bank, the director is of opinion of the company is a going concern and therefore the accounts have been prepared on this basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% per annum of cost
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% Straight line
Office equipment - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

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.

COVENTRY GRAPHICS & SIGNS LTD (REGISTERED NUMBER: 11047054)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2022
and 30 November 2023 20,000
AMORTISATION
At 1 December 2022 10,000
Amortisation for year 2,000
At 30 November 2023 12,000
NET BOOK VALUE
At 30 November 2023 8,000
At 30 November 2022 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Office
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 23,998 169 19,013 19,865 63,045
Additions - - - 555 555
At 30 November 2023 23,998 169 19,013 20,420 63,600
DEPRECIATION
At 1 December 2022 12,000 119 12,396 8,906 33,421
Charge for year 2,400 13 3,379 2,879 8,671
At 30 November 2023 14,400 132 15,775 11,785 42,092
NET BOOK VALUE
At 30 November 2023 9,598 37 3,238 8,635 21,508
At 30 November 2022 11,998 50 6,617 10,959 29,624

COVENTRY GRAPHICS & SIGNS LTD (REGISTERED NUMBER: 11047054)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,276 32,518
Other debtors 3,333 3,333
30,609 35,851

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,398 19,398
Trade creditors 15,086 17,124
Taxation and social security 13,792 20,336
Other creditors 127,978 107,592
176,254 164,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,583 41,586
Other creditors 3,870 6,947
34,453 48,533

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
J A Crosby
Balance outstanding at start of year (98,580 ) (78,145 )
Amounts advanced 8,512 4,153
Amounts repaid (33,458 ) (24,588 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (123,526 ) (98,580 )