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REGISTERED NUMBER: 07747746 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FROUD SIGNS LIMITED

FROUD SIGNS LIMITED (REGISTERED NUMBER: 07747746)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FROUD SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs P Froud





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 07747746 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

FROUD SIGNS LIMITED (REGISTERED NUMBER: 07747746)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,306 9,741

CURRENT ASSETS
Debtors 5 7,038 450
Cash at bank 2,720 1,645
9,758 2,095
CREDITORS
Amounts falling due within one year 6 32,304 27,598
NET CURRENT LIABILITIES (22,546 ) (25,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,240

)

(15,762

)

CREDITORS
Amounts falling due after more than one
year

7

(21,072

)

(25,713

)

PROVISIONS FOR LIABILITIES 8 (2,473 ) (2,079 )
NET LIABILITIES (38,785 ) (43,554 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,885 ) (43,654 )
SHAREHOLDERS' FUNDS (38,785 ) (43,554 )

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 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.

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 1 October 2024 and were signed by:





Mrs P Froud - Director


FROUD SIGNS LIMITED (REGISTERED NUMBER: 07747746)

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


1. STATUTORY INFORMATION

Froud Signs 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

Going concern
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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

FROUD SIGNS LIMITED (REGISTERED NUMBER: 07747746)

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


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,988 470 13,458
DEPRECIATION
At 1 April 2023 3,247 470 3,717
Charge for year 2,435 - 2,435
At 31 March 2024 5,682 470 6,152
NET BOOK VALUE
At 31 March 2024 7,306 - 7,306
At 31 March 2023 9,741 - 9,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,038 450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,729 2,416
Hire purchase contracts 2,308 2,115
Trade creditors 264 192
Tax 15,649 18,761
PAYE 1,086 -
VAT 2,986 1,157
Other creditors 296 -
Credit card 946 743
Directors' current accounts 6 195
Accrued expenses 2,034 2,019
32,304 27,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,199 1,960
Bank loans - 2-5 years 6,936 4,624
Bank loans more 5 yr by instal 5,723 10,607
Hire purchase contracts 6,214 8,522
21,072 25,713

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,723 10,607

FROUD SIGNS LIMITED (REGISTERED NUMBER: 07747746)

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


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,473 2,079

Deferred
tax
£   
Balance at 1 April 2023 2,079
Provided during year 394
Balance at 31 March 2024 2,473

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P Froud.