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Registration number: 11765488

Signature 1 Construction Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

Signature 1 Construction Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Signature 1 Construction Ltd

Company Information

Directors

M Simunic

C Simunic

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Signature 1 Construction Ltd

(Registration number: 11765488)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

fixed assets

 

tangible assets

3

3,666

4,395

Current assets

 

Debtors

24,068

113,288

Cash at bank and in hand

 

85,352

69,268

 

109,420

182,556

Creditors: Amounts falling due within one year

(36,606)

(51,635)

Net current assets

 

72,814

130,921

Total assets less current liabilities

 

76,480

135,316

Creditors: Amounts falling due after more than one year

(33,333)

(38,333)

Net assets

 

43,147

96,983

capital and reserves

 

Called up share capital

100

100

Profit and loss account

43,047

96,883

Total equity

 

43,147

96,983

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These finanical statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited company accounts, and the option not to file the profit and loss has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Signature 1 Construction Ltd

(Registration number: 11765488)
Abridged Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 24 October 2024 and signed on its behalf by:
 

.........................................
M Simunic
Director

.........................................
C Simunic
Director

 
     

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Signature 1 Construction Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Signature 1 Construction Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Computer equipment

25% reducing balance

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

1,624

9,200

10,824

Additions

493

-

493

At 31 January 2024

2,117

9,200

11,317

Depreciation

At 1 February 2023

1,110

5,319

6,429

Charge for the year

252

970

1,222

At 31 January 2024

1,362

6,289

7,651

Carrying amount

At 31 January 2024

755

2,911

3,666

At 31 January 2023

514

3,881

4,395

4

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100