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REGISTERED NUMBER: 06021438 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sign 2K Ltd

Sign 2K Ltd (Registered number: 06021438)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sign 2K Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Robert William Kennerley





REGISTERED OFFICE: Connect Business Village
24 Derby Road
Unit 5, 1st Floor
Liverpool
Merseyside
L5 9PR





REGISTERED NUMBER: 06021438 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Sign 2K Ltd (Registered number: 06021438)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 50,000
Tangible assets 5 7,938 10,559
57,938 60,559

CURRENT ASSETS
Stocks 500 520
Debtors 6 3,551 2,462
4,051 2,982
CREDITORS
Amounts falling due within one year 7 19,152 20,046
NET CURRENT LIABILITIES (15,101 ) (17,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,837

43,495

CREDITORS
Amounts falling due after more than one
year

8

(2,249

)

(3,314

)

PROVISIONS FOR LIABILITIES 10 (1,508 ) (2,006 )
NET ASSETS 39,080 38,175

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 39,079 38,174
SHAREHOLDERS' FUNDS 39,080 38,175

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.

Sign 2K Ltd (Registered number: 06021438)

Balance Sheet - continued
31 December 2023


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 29 August 2024 and were signed by:





Mr Robert William Kennerley - Director


Sign 2K Ltd (Registered number: 06021438)

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

1. STATUTORY INFORMATION

Sign 2K 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.

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 0, is being amortised evenly over its estimated useful life of nil 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
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 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.

Sign 2K Ltd (Registered number: 06021438)

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

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 50,000
At 31 December 2022 50,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 10,399 266 29,401 1,074 41,140
DEPRECIATION
At 1 January 2023 10,292 252 19,336 701 30,581
Charge for year 26 4 2,517 74 2,621
At 31 December 2023 10,318 256 21,853 775 33,202
NET BOOK VALUE
At 31 December 2023 81 10 7,548 299 7,938
At 31 December 2022 107 14 10,065 373 10,559

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,551 2,462

Sign 2K Ltd (Registered number: 06021438)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 8,507 4,587
Hire purchase contracts 339 4,292
Tax 5,943 6,646
Social security and other taxes 408 -
VAT 2,779 3,555
Directors' current accounts 3 6
Accrued expenses 1,173 960
19,152 20,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 2,249 3,314

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,507 4,587

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,249 3,314

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,508 2,006

Deferred
tax
£   
Balance at 1 January 2023 2,006
Provided during year (498 )
Balance at 31 December 2023 1,508

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary 1 1 1

Sign 2K Ltd (Registered number: 06021438)

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

12. RESERVES
Retained
earnings
£   

At 1 January 2023 38,174
Profit for the year 8,310
Dividends (7,405 )
At 31 December 2023 39,079