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REGISTERED NUMBER: 03637488 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DIRECT SIGNS (UK) LIMITED

DIRECT SIGNS (UK) LIMITED (REGISTERED NUMBER: 03637488)






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


DIRECT SIGNS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs E A Glenn





REGISTERED OFFICE: Unit 6 Venture Court
Dodwells Bridge Ind Estate
Hinckley
Leicestershire
LE10 3BT





REGISTERED NUMBER: 03637488 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

DIRECT SIGNS (UK) LIMITED (REGISTERED NUMBER: 03637488)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,563 129,454

CURRENT ASSETS
Stocks 35,628 37,378
Debtors 5 211,031 123,295
Cash at bank and in hand 12,857 59,032
259,516 219,705
CREDITORS
Amounts falling due within one year 6 147,589 161,969
NET CURRENT ASSETS 111,927 57,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,490

187,190

CREDITORS
Amounts falling due after more than one
year

7

(183,972

)

(155,851

)

PROVISIONS FOR LIABILITIES (25,830 ) (24,539 )
NET ASSETS 5,688 6,800

CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Retained earnings 4,488 5,600
SHAREHOLDERS' FUNDS 5,688 6,800

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 her 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.

DIRECT SIGNS (UK) LIMITED (REGISTERED NUMBER: 03637488)

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 9 September 2024 and were signed by:





Mrs E A Glenn - Director


DIRECT SIGNS (UK) LIMITED (REGISTERED NUMBER: 03637488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Direct Signs (UK) 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.

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.
Long leasehold - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 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.

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.

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.

DIRECT SIGNS (UK) LIMITED (REGISTERED NUMBER: 03637488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 31,105 434,422 15,890 481,417
DEPRECIATION
At 1 January 2023 30,801 305,971 15,191 351,963
Charge for year 61 25,690 140 25,891
At 31 December 2023 30,862 331,661 15,331 377,854
NET BOOK VALUE
At 31 December 2023 243 102,761 559 103,563
At 31 December 2022 304 128,451 699 129,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,555 84,777
Amounts owed by group undertakings 55,199 23,197
Other Debtors 23,200 1,438
Directors' current accounts 9,607 -
Prepayments 22,470 13,883
211,031 123,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,130 39,786
Hire purchase contracts 18,612 56,950
Trade creditors 35,011 44,572
Corporation tax 12,713 -
Social security and other taxes 16,811 4,319
Pension 721 593
VAT 37,380 1,956
Other creditors 3,600 3,600
Credit card 1,012 816
Directors' current accounts - 3,180
Accrued expenses 4,599 6,197
147,589 161,969

DIRECT SIGNS (UK) LIMITED (REGISTERED NUMBER: 03637488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 166,172 119,438
Hire purchase contracts 17,800 36,413
183,972 155,851

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1,200 1,200