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Company Registration No. 07512567 (England and Wales)
Sublime Signs Limited Unaudited accounts for the year ended 31 March 2024
Sublime Signs Limited Unaudited accounts Contents
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Sublime Signs Limited Company Information for the year ended 31 March 2024
Directors
Axel Jones Carl Osborne
Company Number
07512567 (England and Wales)
Registered Office
Unit 1 Upper Boat Trading Estate Pontypridd Mid Glamorgan CF37 5BP Wales
Accountants
Sky Life Accountancy Limited Unit 32 Western Industrial Estate Caerphilly Caerphilly CF83 1BE
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Sublime Signs Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
168 
210 
Current assets
Inventories
13,000 
13,000 
Debtors
1,867 
1,212 
Cash at bank and in hand
4,004 
3,902 
18,871 
18,114 
Creditors: amounts falling due within one year
(19,001)
(16,303)
Net current (liabilities)/assets
(130)
1,811 
Net assets
38 
2,021 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(62)
1,921 
Shareholders' funds
38 
2,021 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by
Carl Osborne Director Company Registration No. 07512567
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Sublime Signs Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Sublime Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 07512567. The registered office is Unit 1, Upper Boat Trading Estate, Pontypridd, Mid Glamorgan, CF37 5BP, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Sublime Signs Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,064 
At 31 March 2024
3,064 
Depreciation
At 1 April 2023
2,854 
Charge for the year
42 
At 31 March 2024
2,896 
Net book value
At 31 March 2024
168 
At 31 March 2023
210 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
13,000 
13,000 
13,000 
13,000 
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,867 
1,212 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,877 
2,685 
Taxes and social security
24,748 
22,156 
Other creditors
43,246 
54,554 
Loans from directors
(91,870)
(63,092)
Accruals
40,000 
- 
19,001 
16,303 
8
Loans to directors
During the year, the company made interest-free advances to the directors amounting to £91,977. These were repayable on demand. The company received credits of £63,200.
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Sublime Signs Limited Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
During the year the company paid £17,353 (2023 - £39,091) and received credit for stock, postage and distribution costs amounting to £6,000 (2023 - £43,159) to OJ Printing Ltd a company in which Mr C Osborne and Mr A Jones have controlling interest. These costs were charged at an arm lengths basis. Included in creditors is a balance owing to OJ Printing Ltd amounting to £43,164 (2023 - £54,517).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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