IRIS Accounts Production v24.3.0.553 04156798 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041567982023-02-28041567982024-02-29041567982023-03-012024-02-29041567982022-02-28041567982022-03-012023-02-28041567982023-02-2804156798ns15:EnglandWales2023-03-012024-02-2904156798ns14:PoundSterling2023-03-012024-02-2904156798ns10:Director12023-03-012024-02-2904156798ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904156798ns10:SmallEntities2023-03-012024-02-2904156798ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2904156798ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904156798ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904156798ns10:FullAccounts2023-03-012024-02-290415679812023-03-012024-02-2904156798ns10:RegisteredOffice2023-03-012024-02-2904156798ns5:CurrentFinancialInstruments2024-02-2904156798ns5:CurrentFinancialInstruments2023-02-2804156798ns5:Non-currentFinancialInstruments2024-02-2904156798ns5:Non-currentFinancialInstruments2023-02-2804156798ns5:ShareCapital2024-02-2904156798ns5:ShareCapital2023-02-2804156798ns5:RetainedEarningsAccumulatedLosses2024-02-2904156798ns5:RetainedEarningsAccumulatedLosses2023-02-2804156798ns5:NetGoodwill2023-03-012024-02-2904156798ns5:PlantMachinery2023-03-012024-02-2904156798ns5:NetGoodwill2023-02-2804156798ns5:NetGoodwill2024-02-2904156798ns5:NetGoodwill2023-02-2804156798ns5:PlantMachinery2023-02-2804156798ns5:PlantMachinery2024-02-2904156798ns5:PlantMachinery2023-02-2804156798ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2904156798ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 04156798 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Severn Signs Limited

Severn Signs Limited (Registered number: 04156798)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Severn Signs Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: V Howell





REGISTERED OFFICE: Unit R2
Innsworth Technology Park
Innsworth
Gloucester
GL3 1DL





REGISTERED NUMBER: 04156798 (England and Wales)





ACCOUNTANTS: Ellis Accountants Ltd
Ellis Farm
Sticky Lane
Hardwicke
Gloucester
Gloucestershire
GL2 4RD

Severn Signs Limited (Registered number: 04156798)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,250 -
Tangible assets 5 44,437 48,051
82,687 48,051

CURRENT ASSETS
Stocks 18,683 13,643
Debtors 6 170,692 112,068
Cash at bank 21,357 83,718
210,732 209,429
CREDITORS
Amounts falling due within one year 7 142,021 107,842
NET CURRENT ASSETS 68,711 101,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,398

149,638

CREDITORS
Amounts falling due after more than one
year

8

(13,091

)

(31,920

)

PROVISIONS FOR LIABILITIES (8,426 ) (9,078 )
NET ASSETS 129,881 108,640

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 128,981 107,740
SHAREHOLDERS' FUNDS 129,881 108,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Severn Signs Limited (Registered number: 04156798)

Balance Sheet - continued
29 February 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 director and authorised for issue on 28 November 2024 and were signed by:





V Howell - Director


Severn Signs Limited (Registered number: 04156798)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Severn Signs 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 2023, is being amortised evenly over its estimated useful life of five 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 etc - 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 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 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.

Severn Signs Limited (Registered number: 04156798)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023 24,000
Additions 42,500
At 29 February 2024 66,500
AMORTISATION
At 1 March 2023 24,000
Charge for year 4,250
At 29 February 2024 28,250
NET BOOK VALUE
At 29 February 2024 38,250
At 28 February 2023 -

Severn Signs Limited (Registered number: 04156798)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 124,771
Additions 9,495
At 29 February 2024 134,266
DEPRECIATION
At 1 March 2023 76,720
Charge for year 13,109
At 29 February 2024 89,829
NET BOOK VALUE
At 29 February 2024 44,437
At 28 February 2023 48,051

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 169,592 110,015
Other debtors 1,100 2,053
170,692 112,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,183 9,932
Trade creditors 49,666 34,039
Taxation and social security 60,036 42,000
Other creditors 22,136 21,871
142,021 107,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,091 23,274
Other creditors - 8,646
13,091 31,920