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REGISTERED NUMBER: 07207123 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NUNEATON SIGNS LIMITED

NUNEATON SIGNS LIMITED (REGISTERED NUMBER: 07207123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


NUNEATON SIGNS LIMITED (REGISTERED NUMBER: 07207123)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,268 298,297

CURRENT ASSETS
Stocks 296,754 296,064
Debtors 5 1,321,052 1,150,510
Cash at bank and in hand 595,295 601,869
2,213,101 2,048,443
CREDITORS
Amounts falling due within one year 6 1,250,918 1,147,165
NET CURRENT ASSETS 962,183 901,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,292,451

1,199,575

CREDITORS
Amounts falling due after more than one
year

7

-

(11,255

)

PROVISIONS FOR LIABILITIES (81,154 ) (55,533 )
NET ASSETS 1,211,297 1,132,787

RESERVES
Other reserves 612,062 612,062
Retained earnings 599,235 520,725
1,211,297 1,132,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

NUNEATON SIGNS LIMITED (REGISTERED NUMBER: 07207123)

BALANCE SHEET - continued
31ST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th August 2024 and were signed on its behalf by:





Mr J D Harris - Director


NUNEATON SIGNS LIMITED (REGISTERED NUMBER: 07207123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Nuneaton Signs Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07207123

Registered office: Kelsey Close
Warwickshire
CV11 6RS

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, including discounts and rebates, but excluding 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

NUNEATON SIGNS LIMITED (REGISTERED NUMBER: 07207123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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 78 (2023 - 67 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 785,265
Additions 127,394
Disposals (36,375 )
At 31st March 2024 876,284
DEPRECIATION
At 1st April 2023 486,968
Charge for year 95,423
Eliminated on disposals (36,375 )
At 31st March 2024 546,016
NET BOOK VALUE
At 31st March 2024 330,268
At 31st March 2023 298,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,091,752 891,150
Amounts recoverable on contract 158,080 161,556
Other debtors 71,220 97,804
1,321,052 1,150,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 906,422 893,236
Taxation and social security 182,768 137,347
Other creditors 161,728 116,582
1,250,918 1,147,165

NUNEATON SIGNS LIMITED (REGISTERED NUMBER: 07207123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors - 11,255