Alphabet Signs (South West) Limited |
Registered Number:06551940 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Alphabet Signs (South West) Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Alphabet Signs (South West) Limited
Statement of Financial Position
2023
2024
1,920
2,400
2
Property, plant and equipment |
27,714
31,106
3
29,634
33,506
4,000
4,000
4
Trade and other receivables |
18,316
9,179
5
65,589
Cash and cash equivalents |
86,987
100,166
87,905
Trade and other payables: amounts falling due within one |
year |
(22,472)
(25,361)
6
65,433
74,805
Net current assets
Total assets less current liabilities |
104,439
98,939
Trade and other payables: amounts falling due after more |
than one year |
(10,417)
(5,417)
7
(4,747)
(5,607)
Provisions for liabilities |
94,275
Net assets
82,915
2
2
94,273
82,913
94,275
82,915
Shareholders' funds
For the year ended 30 April 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 30 April 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. |
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For the year ended 30 April 2024
Alphabet Signs (South West) Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 11 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
Alphabet Signs (South West) Limited
Notes to the Financial Statements
Statutory Information
Alphabet Signs (South West) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06551940. |
Principal place of business: |
Unit 17
Scott Business Park
Beacon Park Road
Plymouth
PL2 2PQ
Pilgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
The presentation currency is £ sterling. |
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. |
Revenue recognition
Turnover represents income from the provision of sign writing services at invoice value, excluding VAT.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Vans
Fixtures, fittings & equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 April 2024
Alphabet Signs (South West) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
9,600
9,600
7,200
480
Charge for year
7,680
1,920
2,400
3. Property, plant and equipment |
Fixtures, |
fittings & |
equipment |
Vans
51,804
15,264
16,910
19,630
1,500
-
-
1,500
21,130
16,910
15,264
53,304
Provision for depreciation and impairment |
20,698
5,539
11,713
3,446
Charge for year
4,892
1,459
780
2,653
25,590
6,998
12,493
6,099
15,031
4,417
8,266
27,714
16,184
5,197
9,725
31,106
2023
2024
4,000
4,000
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For the year ended 30 April 2024
Alphabet Signs (South West) Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
6,644
16,598
2,535
1,718
18,316
9,179
6. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
5,000
5,000
5,241
3,344
Taxation and social security |
12,570
5,530
2,550
8,598
25,361
22,472
Included within taxation and social security is corporation tax of £7,639 (2023: £1,114).
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
5,417
10,417
The company took out the government covid bounce back loan in May 2020. This was taken over a 72 month period, with the first payment due 13 months after the loan was received. The first years interest was paid by the government and then the company will pay the remaining 60 months with their monthly repayments. |
8. Related party transactions |
Dividends of £15,600 were paid to the director in the year. |
The company is under the effective control of its director. |
9. Directors advances and guarantees |
Repaid
R Roffey
Loan from director
(714)
6,082
6,796
(714)
6,082
6,796
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For the year ended 30 April 2024
Alphabet Signs (South West) Limited
Notes to the Financial Statements Continued
10. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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