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REGISTERED NUMBER: 04724543 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

Fastsigns (Guildford) Ltd

Fastsigns (Guildford) Ltd (Registered number: 04724543)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fastsigns (Guildford) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J C Harvey
M R J Harvey





SECRETARY: E B Harvey





REGISTERED OFFICE: 1 Enterprise Estate
Moorfield Road
Slyfield Green
Guildford
Surrey
GU1 1RB





REGISTERED NUMBER: 04724543 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Fastsigns (Guildford) Ltd (Registered number: 04724543)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 5 139 208
Property, plant and equipment 6 37,915 10,040
38,054 10,248

CURRENT ASSETS
Inventories 10,347 8,043
Debtors 7 20,309 19,884
Cash at bank 71,743 107,205
102,399 135,132
CREDITORS
Amounts falling due within one year 8 (28,419 ) (22,082 )
NET CURRENT ASSETS 73,980 113,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,034

123,298

PROVISIONS FOR LIABILITIES (7,042 ) -
NET ASSETS 104,992 123,298

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 104,990 123,296
SHAREHOLDERS' FUNDS 104,992 123,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Fastsigns (Guildford) Ltd (Registered number: 04724543)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





J C Harvey - Director


Fastsigns (Guildford) Ltd (Registered number: 04724543)

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

1. STATUTORY INFORMATION

Fastsigns (Guildford) Ltd 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 (£).


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.

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

Intangible fixed assets
Intangible fixed assets, being a franchise fee paid in September 2015 is being amortised over the franchise term of 10 years.

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

Stocks and work in progress
Stock and work in progress is 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 Statement of Income and Retained Earnings, 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.

Fastsigns (Guildford) Ltd (Registered number: 04724543)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 May 2023
and 30 April 2024 13,424
Amortisation
At 1 May 2023 13,216
Charge for year 69
At 30 April 2024 13,285
Net book value
At 30 April 2024 139
At 30 April 2023 208

6. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 76,367 - 3,937 80,304
Additions 1,115 36,000 - 37,115
At 30 April 2024 77,482 36,000 3,937 117,419
Depreciation
At 1 May 2023 67,439 - 2,825 70,264
Charge for year 4,252 4,500 488 9,240
At 30 April 2024 71,691 4,500 3,313 79,504
Net book value
At 30 April 2024 5,791 31,500 624 37,915
At 30 April 2023 8,928 - 1,112 10,040

Fastsigns (Guildford) Ltd (Registered number: 04724543)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 12,085 11,154
Other debtors 8,224 8,730
20,309 19,884

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 2,564 2,371
Taxation and social security 23,336 17,223
Other creditors 2,519 2,488
28,419 22,082

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 15,500 6,250
Between one and five years 21,958 -
37,458 6,250