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REGISTERED NUMBER: 06987882 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SIGNS SCOTT LIMITED

SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGNS SCOTT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M R Harman





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 06987882 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 120,000
Tangible assets 5 19,836 9,816
119,836 129,816

CURRENT ASSETS
Stocks 15,563 14,439
Debtors 6 144,677 127,730
Cash at bank 65,122 87,753
225,362 229,922
CREDITORS
Amounts falling due within one year 7 103,813 107,206
NET CURRENT ASSETS 121,549 122,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,385

252,532

CREDITORS
Amounts falling due after more than one year 8 19,264 25,655
NET ASSETS 222,121 226,877

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 221,121 225,877
SHAREHOLDERS' FUNDS 222,121 226,877

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

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

SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)

BALANCE SHEET - continued
30 SEPTEMBER 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 30 November 2024 and were signed by:





M R Harman - Director


SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Signs Scott 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 2009, is being amortised evenly over its estimated useful life of twenty years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 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 has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.

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.

SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 400,000
AMORTISATION
At 1 October 2023 280,000
Amortisation for year 20,000
At 30 September 2024 300,000
NET BOOK VALUE
At 30 September 2024 100,000
At 30 September 2023 120,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 129,943 16,288 11,223 157,454
Additions 16,745 - 700 17,445
At 30 September 2024 146,688 16,288 11,923 174,899
DEPRECIATION
At 1 October 2023 122,470 15,391 9,777 147,638
Charge for year 2,466 224 549 3,239
Eliminated on disposal 4,186 - - 4,186
At 30 September 2024 129,122 15,615 10,326 155,063
NET BOOK VALUE
At 30 September 2024 17,566 673 1,597 19,836
At 30 September 2023 7,473 897 1,446 9,816

SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
Additions 16,745
At 30 September 2024 16,745
DEPRECIATION
Eliminated on disposal 4,186
At 30 September 2024 4,186
NET BOOK VALUE
At 30 September 2024 12,559

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,085 104,220
Prepayments 22,308 20,640
Tax 4,284 2,870
144,677 127,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,082 10,964
Trade creditors 57,569 57,316
Tax - 1,414
Social security and other taxes 4,027 3,801
VAT 20,644 18,341
Other creditors 2,974 2,861
Directors' current accounts 193 7,172
Accrued expenses 5,324 5,337
103,813 107,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 19,264 25,655

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company has received loans from the director totalling £193 (2023 £7172)

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,500 (2023 - £2,000) were paid to the director .

SIGNS SCOTT LIMITED (REGISTERED NUMBER: 06987882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is M R Harman.