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REGISTERED NUMBER: 09470695 (England and Wales)












ANDEAN SIGNS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDEAN SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A M Gosling
C M Barson
M Jenkins





REGISTERED OFFICE: Unit 4
Fleming Close
Segensworth
Fareham
Hampshire
PO15 5SB





REGISTERED NUMBER: 09470695 (England and Wales)

ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 74,541 68,792

CURRENT ASSETS
Stocks 4,500 15,500
Debtors 5 170,407 183,167
Cash at bank 146,360 156,393
321,267 355,060
CREDITORS
Amounts falling due within one year 6 (222,418 ) (241,324 )
NET CURRENT ASSETS 98,849 113,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,390

182,528

CREDITORS
Amounts falling due after more than one
year

7

(25,805

)

(66,668

)

PROVISIONS FOR LIABILITIES 9 (16,080 ) (14,082 )
NET ASSETS 131,505 101,778

CAPITAL AND RESERVES
Called up share capital 3,059 3,059
Share premium 49,444 49,444
Capital redemption reserve 2,501 2,501
Retained earnings 76,501 46,774
131,505 101,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





A M Gosling - Director


ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

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


1. STATUTORY INFORMATION

Andean 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

The principal accounting policies adopted are set out below.

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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold Improvements - Over the length of the lease
Plant and machinery - 25% Reducing balance
Fixtures and fittings - 15% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of income and retained earnings.

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.


ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

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


2. ACCOUNTING POLICIES - continued
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.

Financial instruments
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

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


4. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold Plant and and
Improvements machinery fittings
£ £ £
COST
At 1 June 2023 70,267 62,112 11,337
Additions - - -
At 31 May 2024 70,267 62,112 11,337
DEPRECIATION
At 1 June 2023 33,320 38,155 6,691
Charge for year 5,541 5,989 697
At 31 May 2024 38,861 44,144 7,388
NET BOOK VALUE
At 31 May 2024 31,406 17,968 3,949
At 31 May 2023 36,947 23,957 4,646

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 June 2023 15,635 2,402 161,753
Additions 18,995 - 18,995
At 31 May 2024 34,630 2,402 180,748
DEPRECIATION
At 1 June 2023 13,006 1,789 92,961
Charge for year 657 362 13,246
At 31 May 2024 13,663 2,151 106,207
NET BOOK VALUE
At 31 May 2024 20,967 251 74,541
At 31 May 2023 2,629 613 68,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 147,906 162,274
Other debtors 22,501 20,893
170,407 183,167

ANDEAN SIGNS LIMITED (REGISTERED NUMBER: 09470695)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 40,863 36,953
Trade creditors 41,087 52,843
Taxation and social security 96,962 119,142
Other creditors 43,506 32,386
222,418 241,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 25,805 66,668

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 66,668 103,621

The company has benefitted from the UK government's provision of security for 80% of the Coronavirus Business Interruption Loan.

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 16,080 14,082

Deferred tax
£
Balance at 1 June 2023 14,082
Decelerated capital allowances 1,998
Balance at 31 May 2024 16,080

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £45,974 (2023: £71,628).