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REGISTERED NUMBER: 09830465 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

GK Sign Services Limited

GK Sign Services Limited (Registered number: 09830465)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GK Sign Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr G D Nicholls





REGISTERED OFFICE: 16 Hogarth Road
Ipswich
Suffolk
IP3 0EY





REGISTERED NUMBER: 09830465 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

GK Sign Services Limited (Registered number: 09830465)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,381 37,557

CURRENT ASSETS
Debtors 5 67,575 59,763
Cash at bank 45,591 44,880
113,166 104,643
CREDITORS
Amounts falling due within one year 6 46,017 45,536
NET CURRENT ASSETS 67,149 59,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,530

96,664

CREDITORS
Amounts falling due after more than one
year

7

(24,119

)

(20,608

)

PROVISIONS FOR LIABILITIES (9,997 ) (6,959 )
NET ASSETS 86,414 69,097

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 86,314 68,997
SHAREHOLDERS' FUNDS 86,414 69,097

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GK Sign Services Limited (Registered number: 09830465)

Statement of Financial Position - continued
31 October 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 director and authorised for issue on 11 November 2024 and were signed by:





Mr G D Nicholls - Director


GK Sign Services Limited (Registered number: 09830465)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

GK Sign Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance

Motor vehicles - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

GK Sign Services Limited (Registered number: 09830465)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 59,793
Additions 33,142
At 31 October 2024 92,935
DEPRECIATION
At 1 November 2023 22,236
Charge for year 17,318
At 31 October 2024 39,554
NET BOOK VALUE
At 31 October 2024 53,381
At 31 October 2023 37,557

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 50,748
Additions 32,592
At 31 October 2024 83,340
DEPRECIATION
At 1 November 2023 16,538
Charge for year 16,701
At 31 October 2024 33,239
NET BOOK VALUE
At 31 October 2024 50,101
At 31 October 2023 34,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 50,732 57,655
Other debtors 16,843 2,108
67,575 59,763

GK Sign Services Limited (Registered number: 09830465)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 20,651 12,597
Trade creditors 6,899 1,753
Taxation and social security 16,758 28,089
Other creditors 1,709 3,097
46,017 45,536

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 24,119 20,608

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G D Nicholls.

The ultimate controlling party is Mr G D Nicholls.