Registered number
05131971
All Signs & Design Limited
Filleted Accounts
31 July 2024
All Signs & Design Limited
Registered number: 05131971
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,642 24,514
Current assets
Debtors 4 49,797 58,715
Cash at bank and in hand 78,355 93,455
128,152 152,170
Creditors: amounts falling due within one year 5 (61,401) (68,449)
Net current assets 66,751 83,721
Total assets less current liabilities 84,393 108,235
Provisions for liabilities (4,410) (1,815)
Net assets 79,983 106,420
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 78,983 105,420
Shareholders' funds 79,983 106,420
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J P Warren
Director
Approved by the board on 14 August 2024
All Signs & Design Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 66,865 42,293 109,158
Additions 1,558 - 1,558
At 31 July 2024 68,423 42,293 110,716
Depreciation
At 1 August 2023 66,865 17,779 84,644
Charge for the year 311 8,119 8,430
At 31 July 2024 67,176 25,898 93,074
Net book value
At 31 July 2024 1,247 16,395 17,642
At 31 July 2023 - 24,514 24,514
4 Debtors 2024 2023
£ £
Trade debtors 49,797 58,715
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,672 15,627
Taxation and social security costs 47,929 52,022
Other creditors 800 800
61,401 68,449
6 Controlling party
The company is controlled by the directors and their wives.
7 Other information
All Signs & Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4
Glencoe Business Park
Warne Road
Weston super Mare
BS23 3TS
All Signs & Design Limited 05131971 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 J P Warren No description of principal activity 05131971 2022-08-01 2023-07-31 05131971 core:WithinOneYear 2023-07-31 05131971 core:ShareCapital 2023-07-31 05131971 core:RetainedEarningsAccumulatedLosses 2023-07-31 05131971 2023-08-01 2024-07-31 05131971 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05131971 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05131971 bus:Director40 2023-08-01 2024-07-31 05131971 1 2023-08-01 2024-07-31 05131971 2 2023-08-01 2024-07-31 05131971 core:PlantMachinery 2023-08-01 2024-07-31 05131971 core:Vehicles 2023-08-01 2024-07-31 05131971 countries:England 2023-08-01 2024-07-31 05131971 bus:FRS102 2023-08-01 2024-07-31 05131971 bus:FilletedAccounts 2023-08-01 2024-07-31 05131971 2024-07-31 05131971 core:WithinOneYear 2024-07-31 05131971 core:ShareCapital 2024-07-31 05131971 core:RetainedEarningsAccumulatedLosses 2024-07-31 05131971 core:PlantMachinery 2024-07-31 05131971 core:Vehicles 2024-07-31 05131971 2023-07-31 05131971 core:PlantMachinery 2023-07-31 05131971 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure