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Wrapped Signs Ltd
Registered Number:09975761
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Wrapped Signs Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09975761
As at 31 January 2024
Wrapped Signs Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
23,209
29,028
2
23,209
29,028
Current assets
Trade and other receivables
10,602
25,206
3
11,300
Cash and cash equivalents
9,559
34,765
21,902
Trade and other payables: amounts falling due within one
year
(19,421)
(23,622)
4
2,481
11,143
Net current assets
Total assets less current liabilities
34,352
31,509
Trade and other payables: amounts falling due after more
than one year
(44,663)
(35,065)
5
(713)
Net liabilities
(13,154)
Capital and reserves
Called up share capital
1
1
Retained earnings
(714)
(13,155)
(713)
(13,154)
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Stuart Lee Thomas Director
These financial statements were approved and authorised for issue by the Board on 15 August 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 January 2024
Wrapped Signs Ltd
Notes to the Financial Statements
Statutory Information
Wrapped Signs Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09975761.
Registered address:
Unit 5 Little Samuels Farm
Widford Road
Hunsdon
Hertfordshire
SG12 8NN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Reducing balance
Computer Equipment
25 Straight line
Motor Vehicles
25 Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2 of 4
5
For the year ended 31 January 2024
Wrapped Signs Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 01 February 2023
45,164
1,992
620
42,552
At 31 January 2024
42,552
620
1,992
45,164
Provision for depreciation and impairment
At 01 February 2023
16,136
1,992
358
13,786
Charge for year
5,819
-
66
5,753
At 31 January 2024
21,955
1,992
424
19,539
At 31 January 2024
Net book value
23,013
196
-
23,209
At 31 January 2023
28,766
262
-
29,028
3. Trade and other receivables
2023
2024
£
£
Trade debtors
3,662
3,051
Other debtors
21,544
7,551
10,602
25,206
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2
1
Taxation and social security
16,498
12,418
Other creditors
7,122
7,002
23,622
19,421
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
23,944
27,739
Other creditors
11,121
16,924
35,065
44,663
3 of 4
6
For the year ended 31 January 2024
Wrapped Signs Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
4 of 4