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REGISTERED NUMBER: 01408103 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DAVID BEARD SIGN ASSOCIATES LIMITED

DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)






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


DAVID BEARD SIGN ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: D P Beard
Mrs P W Beard
Mrs L M Barnett
L D Beard
G J Beard





SECRETARY: Mrs P W Beard





REGISTERED OFFICE: Dukeries Indust Est
Claylands Avenue
Worksop
Nottinghamshire
S81 7BQ





REGISTERED NUMBER: 01408103 (England and Wales)

DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 246,958 101,984

CURRENT ASSETS
Stocks 1,250 1,250
Debtors 6 84,064 58,410
Investments 7 98,458 95,421
Cash at bank and in hand 139,977 37,923
323,749 193,004
CREDITORS
Amounts falling due within one year 8 210,751 127,525
NET CURRENT ASSETS 112,998 65,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,956

167,463

CREDITORS
Amounts falling due after more than one
year

9

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (51,750 ) (11,917 )
NET ASSETS 291,539 128,879

CAPITAL AND RESERVES
Called up share capital 10 2,002 2,002
Revaluation reserve 11 108,636 -
Capital redemption reserve 4,725 4,725
Retained earnings 176,176 122,152
291,539 128,879

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.

DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)

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 17 October 2024 and were signed on its behalf by:





Mrs L M Barnett - Director


DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

David Beard Sign Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Freehold property - not provided (see policy note below)
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation has been provided on freehold property as the property is maintained in such a state
of repair that its residual value is at least equal to its net book value. As a result the corresponding
depreciation would not be material and therefore is not charged to the profit and loss account.

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.


DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 97,546 115,190 3,547 58,642 274,925
Additions - 7,606 6,203 - 13,809
Revaluations 82,454 - - - 82,454
At 31 May 2024 180,000 122,796 9,750 58,642 371,188
DEPRECIATION
At 1 June 2023 60,443 92,604 2,298 17,596 172,941
Charge for year 1,951 4,208 931 6,593 13,683
Revaluation adjustments (62,394 ) - - - (62,394 )
At 31 May 2024 - 96,812 3,229 24,189 124,230
NET BOOK VALUE
At 31 May 2024 180,000 25,984 6,521 34,453 246,958
At 31 May 2023 37,103 22,586 1,249 41,046 101,984

DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 82,454 - - - 82,454
Cost 97,546 122,796 9,750 58,642 288,734
180,000 122,796 9,750 58,642 371,188

If freehold property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 97,546 97,546

Freehold property was valued on an open market basis on 31 May 2024 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 82,902 56,978
Other debtors 1,162 1,432
84,064 58,410

7. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Unlisted investments 98,458 95,421

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 25,507 15,418
Taxation and social security 146,333 58,538
Other creditors 28,911 43,569
210,751 127,525

DAVID BEARD SIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 01408103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 16,667 26,667

10. CALLED UP SHARE CAPITAL

The share capital of £2,002, (2023, £2,002) has been allotted, called up and fully paid.

11. RESERVES
Revaluation
reserve
£   
Revaluation of property 144,848
Deferred tax on revaluation (36,212 )

At 31 May 2024 108,636