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REGISTERED NUMBER: 03849491 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WESTERN SIGN SYSTEMS LIMITED

WESTERN SIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03849491)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTERN SIGN SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K J Hulin
Mrs N T Hulin
I Henderson
J Hulin





SECRETARY: Mrs N T Hulin





REGISTERED OFFICE: Sunset House, 60c Church Lane
North Bradley
Trowbridge
Wiltshire
BA14 0TA





REGISTERED NUMBER: 03849491 (England and Wales)





ACCOUNTANTS: PG Owen Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
Avon
BA3 2DA

WESTERN SIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03849491)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 172,577 76,373
172,577 76,373

CURRENT ASSETS
Stocks 34,623 19,326
Debtors 6 264,121 272,554
Cash at bank and in hand 469,261 756,402
768,005 1,048,282
CREDITORS
Amounts falling due within one year 7 273,260 492,438
NET CURRENT ASSETS 494,745 555,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,322

632,217

PROVISIONS FOR LIABILITIES 9 32,037 14,250
NET ASSETS 635,285 617,967

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 635,125 617,807
SHAREHOLDERS' FUNDS 635,285 617,967

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

WESTERN SIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03849491)

BALANCE SHEET - continued
31 AUGUST 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:





K J Hulin - Director


WESTERN SIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03849491)

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

1. STATUTORY INFORMATION

Western Sign Systems 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003 was amortised on a straight line basis over its estimated useful economic life of ten years. Therefore since 2013 it has been shown as fully amortised within the Financial Statements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

WESTERN SIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03849491)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 95,592
AMORTISATION
At 1 September 2023
and 31 August 2024 95,592
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 124,549 233,033 11,757 20,835 390,174
Additions 27,313 91,557 - 2,613 121,483
At 31 August 2024 151,862 324,590 11,757 23,448 511,657
DEPRECIATION
At 1 September 2023 95,945 191,874 11,696 14,286 313,801
Charge for year 12,613 10,360 15 2,291 25,279
At 31 August 2024 108,558 202,234 11,711 16,577 339,080
NET BOOK VALUE
At 31 August 2024 43,304 122,356 46 6,871 172,577
At 31 August 2023 28,604 41,159 61 6,549 76,373

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 255,230 251,856
Other debtors 965 14,015
Prepayments and accrued income 7,926 6,683
264,121 272,554

WESTERN SIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03849491)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 191,019 132,569
Tax 14,033 56,077
Social security and other taxes 42,981 63,165
Other creditors 1,865 3,073
Directors' current accounts 18,717 233,059
Accruals and deferred income 4,645 4,495
273,260 492,438

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,000 5,000
Between one and five years 20,000 20,000
In more than five years 37,917 42,917
62,917 67,917

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 32,037 14,250

Deferred
tax
£   
Balance at 1 September 2023 14,250
Charge to Income Statement during year 17,787
Balance at 31 August 2024 32,037

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr K J Hulin throughout the period. Mr K J Hulin together with his wife, Mrs N J Hulin, own all the issued voting share capital of the company.
Where applicable interest is charged on overdrawn directors' loan accounts at the official rate.