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REGISTERED NUMBER: 06192793 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Wall Signs (NW) Limited

Wall Signs (NW) Limited (Registered number: 06192793)






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


Wall Signs (NW) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S L Wall
J Wall





REGISTERED OFFICE: Unit 2
Flint Trade Park
Holywell Road
Flint
Flintshire
CH6 5RR





REGISTERED NUMBER: 06192793 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Wall Signs (NW) Limited (Registered number: 06192793)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 6,000
Tangible assets 5 3,063 2,534
7,563 8,534

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 43,196 39,596
Cash at bank 2,600 4,279
47,296 45,375
CREDITORS
Amounts falling due within one year 7 45,689 46,883
NET CURRENT ASSETS/(LIABILITIES) 1,607 (1,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,170

7,026

PROVISIONS FOR LIABILITIES 361 288
NET ASSETS 8,809 6,738

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 8,709 6,638
SHAREHOLDERS' FUNDS 8,809 6,738

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.

Wall Signs (NW) Limited (Registered number: 06192793)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




J Wall - Director



S L Wall - Director


Wall Signs (NW) Limited (Registered number: 06192793)

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

1. STATUTORY INFORMATION

Wall Signs (NW) Limited 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


Wall Signs (NW) Limited (Registered number: 06192793)

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023 24,000
Charge for year 1,500
At 31 March 2024 25,500
NET BOOK VALUE
At 31 March 2024 4,500
At 31 March 2023 6,000

Wall Signs (NW) Limited (Registered number: 06192793)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 38,325
Additions 1,442
At 31 March 2024 39,767
DEPRECIATION
At 1 April 2023 35,791
Charge for year 913
At 31 March 2024 36,704
NET BOOK VALUE
At 31 March 2024 3,063
At 31 March 2023 2,534

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 31,502 28,688
Other debtors 11,694 10,908
43,196 39,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 23,834 16,386
Trade creditors 5,766 13,457
Taxation and social security 15,496 15,025
Other creditors 593 2,015
45,689 46,883

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1.00 100 100