2023-05-012024-04-302024-04-30false04656383THE SUSSEX SIGN COMPANY LIMITED2024-09-2525990iso4217:GBPxbrli:pure046563832023-05-01046563832024-04-30046563832023-05-012024-04-30046563832022-05-01046563832023-04-30046563832022-05-012023-04-3004656383bus:SmallEntities2023-05-012024-04-3004656383bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3004656383bus:FullAccounts2023-05-012024-04-3004656383bus:PrivateLimitedCompanyLtd2023-05-012024-04-3004656383core:WithinOneYear2024-04-3004656383core:AfterOneYear2024-04-3004656383core:WithinOneYear2023-04-3004656383core:AfterOneYear2023-04-3004656383core:ShareCapital2024-04-3004656383core:SharePremium2024-04-3004656383core:RevaluationReserve2024-04-3004656383core:OtherReservesSubtotal2024-04-3004656383core:RetainedEarningsAccumulatedLosses2024-04-3004656383core:ShareCapital2023-04-3004656383core:SharePremium2023-04-3004656383core:RevaluationReserve2023-04-3004656383core:OtherReservesSubtotal2023-04-3004656383core:RetainedEarningsAccumulatedLosses2023-04-3004656383core:LandBuildings2024-04-3004656383core:PlantMachinery2024-04-3004656383core:Vehicles2024-04-3004656383core:FurnitureFittings2024-04-3004656383core:OfficeEquipment2024-04-3004656383core:NetGoodwill2024-04-3004656383core:IntangibleAssetsOtherThanGoodwill2024-04-3004656383core:ListedExchangeTraded2024-04-3004656383core:UnlistedNon-exchangeTraded2024-04-3004656383core:LandBuildings2023-04-3004656383core:PlantMachinery2023-04-3004656383core:Vehicles2023-04-3004656383core:FurnitureFittings2023-04-3004656383core:OfficeEquipment2023-04-3004656383core:NetGoodwill2023-04-3004656383core:IntangibleAssetsOtherThanGoodwill2023-04-3004656383core:ListedExchangeTraded2023-04-3004656383core:UnlistedNon-exchangeTraded2023-04-3004656383core:LandBuildings2023-05-012024-04-3004656383core:PlantMachinery2023-05-012024-04-3004656383core:Vehicles2023-05-012024-04-3004656383core:FurnitureFittings2023-05-012024-04-3004656383core:OfficeEquipment2023-05-012024-04-3004656383core:NetGoodwill2023-05-012024-04-3004656383core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004656383core:ListedExchangeTraded2023-05-012024-04-3004656383core:UnlistedNon-exchangeTraded2023-05-012024-04-3004656383core:MoreThanFiveYears2023-05-012024-04-3004656383core:Non-currentFinancialInstruments2024-04-3004656383core:Non-currentFinancialInstruments2023-04-3004656383dpl:CostSales2023-05-012024-04-3004656383dpl:DistributionCosts2023-05-012024-04-3004656383core:LandBuildings2023-05-012024-04-3004656383core:PlantMachinery2023-05-012024-04-3004656383core:Vehicles2023-05-012024-04-3004656383core:FurnitureFittings2023-05-012024-04-3004656383core:OfficeEquipment2023-05-012024-04-3004656383dpl:AdministrativeExpenses2023-05-012024-04-3004656383core:NetGoodwill2023-05-012024-04-3004656383core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004656383dpl:GroupUndertakings2023-05-012024-04-3004656383dpl:ParticipatingInterests2023-05-012024-04-3004656383dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3004656383core:ListedExchangeTraded2023-05-012024-04-3004656383dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3004656383core:UnlistedNon-exchangeTraded2023-05-012024-04-3004656383dpl:CostSales2022-05-012023-04-3004656383dpl:DistributionCosts2022-05-012023-04-3004656383core:LandBuildings2022-05-012023-04-3004656383core:PlantMachinery2022-05-012023-04-3004656383core:Vehicles2022-05-012023-04-3004656383core:FurnitureFittings2022-05-012023-04-3004656383core:OfficeEquipment2022-05-012023-04-3004656383dpl:AdministrativeExpenses2022-05-012023-04-3004656383core:NetGoodwill2022-05-012023-04-3004656383core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3004656383dpl:GroupUndertakings2022-05-012023-04-3004656383dpl:ParticipatingInterests2022-05-012023-04-3004656383dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3004656383core:ListedExchangeTraded2022-05-012023-04-3004656383dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3004656383core:UnlistedNon-exchangeTraded2022-05-012023-04-3004656383core:NetGoodwill2024-04-3004656383core:IntangibleAssetsOtherThanGoodwill2024-04-3004656383core:LandBuildings2024-04-3004656383core:PlantMachinery2024-04-3004656383core:Vehicles2024-04-3004656383core:FurnitureFittings2024-04-3004656383core:OfficeEquipment2024-04-3004656383core:AfterOneYear2024-04-3004656383core:WithinOneYear2024-04-3004656383core:ListedExchangeTraded2024-04-3004656383core:UnlistedNon-exchangeTraded2024-04-3004656383core:ShareCapital2024-04-3004656383core:SharePremium2024-04-3004656383core:RevaluationReserve2024-04-3004656383core:OtherReservesSubtotal2024-04-3004656383core:RetainedEarningsAccumulatedLosses2024-04-3004656383core:NetGoodwill2023-04-3004656383core:IntangibleAssetsOtherThanGoodwill2023-04-3004656383core:LandBuildings2023-04-3004656383core:PlantMachinery2023-04-3004656383core:Vehicles2023-04-3004656383core:FurnitureFittings2023-04-3004656383core:OfficeEquipment2023-04-3004656383core:AfterOneYear2023-04-3004656383core:WithinOneYear2023-04-3004656383core:Liste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THE SUSSEX SIGN COMPANY LIMITED

Registered Number
04656383
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

THE SUSSEX SIGN COMPANY LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

MAYHEW, Norman Colin

Company Secretary

BARR-RICHARDSON, Daniel Cedric

Registered Address

3 Mercread Road
Seaford
BN25 1AB

Registered Number

04656383 (England and Wales)
THE SUSSEX SIGN COMPANY LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets4-600
Tangible assets580,01392,106
80,01392,706
Current assets
Stocks636,95350,296
Debtors783,72617,308
Cash at bank and on hand64,594261,612
185,273329,216
Creditors amounts falling due within one year8(100,709)(205,591)
Net current assets (liabilities)84,564123,625
Total assets less current liabilities164,577216,331
Creditors amounts falling due after one year9(119,779)(150,127)
Provisions for liabilities10(16,976)(14,768)
Net assets27,82251,436
Capital and reserves
Called up share capital150150
Profit and loss account27,67251,286
Shareholders' funds27,82251,436
The financial statements were approved and authorised for issue by the Director on 25 September 2024, and are signed on its behalf by:
MAYHEW, Norman Colin
Director
Registered Company No. 04656383
THE SUSSEX SIGN COMPANY LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Vehicles15
Office Equipment15
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1615
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 May 2328,00028,000
At 30 April 2428,00028,000
Amortisation and impairment
At 01 May 2327,40027,400
Charge for year600600
At 30 April 2428,00028,000
Net book value
At 30 April 24--
At 30 April 23600600
5.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 May 2325,759148,54291,52185,944351,766
Disposals-(12,250)-(549)(12,799)
At 30 April 2425,759136,29291,52185,395338,967
Depreciation and impairment
At 01 May 23-116,21566,67076,775259,660
Charge for year-4,5473,7271,3599,633
On disposals-(9,898)-(441)(10,339)
At 30 April 24-110,86470,39777,693258,954
Net book value
At 30 April 2425,75925,42821,1247,70280,013
At 30 April 2325,75932,32724,8519,16992,106
6.Stocks

2024

2023

££
Work in progress36,95350,296
Total36,95350,296
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables75,2336,085
Other debtors380260
Prepayments and accrued income8,11310,963
Total83,72617,308
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables39,373145,856
Bank borrowings and overdrafts11,39230,299
Taxation and social security48,41428,356
Other creditors53180
Accrued liabilities and deferred income9991,000
Total100,709205,591
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts119,779150,127
Total119,779150,127
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)16,97614,768
Total16,97614,768