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REGISTERED NUMBER: 08233898 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SIGN MAKING AND SUPPLIES LIMITED

SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGN MAKING AND SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mrs K L Rudman





REGISTERED OFFICE: 1 Sanderson House
Salter Street
Preston
Lancashire
PR1 1NT





REGISTERED NUMBER: 08233898 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 419,588 373,914
419,588 373,914

CURRENT ASSETS
Stocks 200,000 200,000
Debtors 6 146,929 62,644
Cash at bank and in hand 15,310 19,034
362,239 281,678
CREDITORS
Amounts falling due within one year 7 519,796 412,610
NET CURRENT LIABILITIES (157,557 ) (130,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,031

242,982

CREDITORS
Amounts falling due after more than one
year

8

(46,188

)

(77,823

)

PROVISIONS FOR LIABILITIES (10,223 ) (7,215 )
NET ASSETS 205,620 157,944

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 205,619 157,943
SHAREHOLDERS' FUNDS 205,620 157,944

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

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

The director acknowledges her 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.

SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)

BALANCE SHEET - continued
31ST MARCH 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 20th December 2024 and were signed by:





Mrs K L Rudman - Director


SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Sign Making and Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2014, is being amortised evenly over its estimated useful life of five 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 etc - over 4 years

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.

SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)

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

2. ACCOUNTING POLICIES - continued

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.

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 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 80,000
AMORTISATION
At 1st April 2023
and 31st March 2024 80,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 468,456
Additions 63,541
At 31st March 2024 531,997
DEPRECIATION
At 1st April 2023 94,542
Charge for year 17,867
At 31st March 2024 112,409
NET BOOK VALUE
At 31st March 2024 419,588
At 31st March 2023 373,914

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

Plant and
machinery
etc
£   
COST
At 1st April 2023 71,557
Additions 16,500
Reclassification/transfer (14,817 )
At 31st March 2024 73,240
DEPRECIATION
At 1st April 2023 50,606
Charge for year 15,559
Reclassification/transfer (26,325 )
At 31st March 2024 39,840
NET BOOK VALUE
At 31st March 2024 33,400
At 31st March 2023 20,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,513 21,107
Other debtors 142,416 41,537
146,929 62,644

SIGN MAKING AND SUPPLIES LIMITED (REGISTERED NUMBER: 08233898)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Hire purchase contracts 18,291 19,988
Trade creditors 144,626 115,324
Taxation and social security 93,296 104,439
Other creditors 238,583 147,859
519,796 412,610

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 40,000 70,000
Hire purchase contracts 6,188 7,823
46,188 77,823

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mrs K L Rudman
Balance outstanding at start of year 21,899 103,711
Amounts advanced 99,575 42,188
Amounts repaid (47,000 ) (124,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,474 21,899

The maximum balance outstanding on the loan in the year was £99,211. Interest of £1,082 was charged on this loan.