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Registration number: 04257931

Signs & Safety Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Signs & Safety Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

Signs & Safety Limited

(Registration number: 04257931)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

655,008

671,677

Current assets

 

Stocks

5

15,000

3,250

Debtors

6

241,518

300,822

Cash at bank and in hand

 

481,061

217,508

 

737,579

521,580

Creditors: Amounts falling due within one year

7

(472,756)

(318,007)

Net current assets

 

264,823

203,573

Total assets less current liabilities

 

919,831

875,250

Creditors: Amounts falling due after more than one year

7

(490,857)

(559,447)

Provisions for liabilities

(49,906)

(56,873)

Net assets

 

379,068

258,930

Capital and reserves

 

Called up share capital

100

100

Retained earnings

378,968

258,830

Shareholders' funds

 

379,068

258,930

 

Signs & Safety Limited

(Registration number: 04257931)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 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.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
DA Klein
Director

 

Signs & Safety Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6 Fairlawn Enterprise Park
Bonehurst Road
Redhill
Surrey
RH1 5GH

2

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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

Signs & Safety Limited

Notes to the Financial Statements for the Year Ended 30 April 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

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Office equipment

25% on reducing balance

Land and Buildings is not depreciated as the residual value is in excess of the cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Signs & Safety Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 17).

 

Signs & Safety Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

487,285

102,608

330,241

52,388

55,737

1,028,259

Additions

-

115

1,528

780

45,833

48,256

Disposals

-

-

-

-

(28,501)

(28,501)

At 30 April 2024

487,285

102,723

331,769

53,168

73,069

1,048,014

Depreciation

At 1 May 2023

-

100,103

172,371

46,008

38,100

356,582

Charge for the year

-

654

39,847

1,793

13,613

55,907

Eliminated on disposal

-

-

-

-

(19,483)

(19,483)

At 30 April 2024

-

100,757

212,218

47,801

32,230

393,006

Carrying amount

At 30 April 2024

487,285

1,966

119,551

5,367

40,839

655,008

At 30 April 2023

487,285

2,505

157,870

6,380

17,637

671,677

5

Stocks

2024
£

2023
£

Other inventories

15,000

3,250

6

Debtors

Current

2024
£

2023
£

Trade debtors

241,518

300,822

 

Signs & Safety Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

102,903

111,779

Trade creditors

51,936

38,912

Taxation and social security

235,313

144,410

Other creditors

82,604

22,906

472,756

318,007

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

490,857

559,447

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

80,571

89,447

Hire purchase contracts

22,332

22,332

102,903

111,779

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

436,778

483,145

Hire purchase contracts

54,079

76,302

490,857

559,447

A Natwest loan of £475,682 (2023 - £510,926) is secured on Units 6 and 7.