LLOYD SIGN SOLUTIONS LTD

Company Registration Number:
13609514 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

LLOYD SIGN SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 12

LLOYD SIGN SOLUTIONS LTD

Company Information

for the Period Ended 30 September 2024




Director: THOMAS LLOYD
Registered office: Unit 2c
Interlinq Trade Park
Chester Road East
Queensferry
Flintshire
GBR
CH5 2DW
Company Registration Number: 13609514 (England and Wales)

LLOYD SIGN SOLUTIONS LTD

Profit and Loss Account

for the Period Ended 30 September 2024


Notes

2024
£

2023
£
Turnover 179,157 193,505
Cost of sales ( 58,667 ) ( 77,317 )
Gross Profit or (Loss) 120,490 116,188
Administrative Expenses ( 121,364 ) ( 127,112 )
Other operating income 350 -
Operating Profit or (Loss) ( 524 ) ( 10,924 )
Interest Receivable and Similar Income 92 201
Interest Payable and Similar Charges ( 2,021 ) ( 1,224 )
Profit or (Loss) Before Tax ( 2,453 ) ( 11,947 )
Tax on Profit ( 0 ) ( 631 )
Profit or (Loss) for Period ( 2,453 ) ( 12,578 )

The notes form part of these financial statements

LLOYD SIGN SOLUTIONS LTD

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 16,729 3,344
Total fixed assets: 16,729 3,344
Current assets
Stocks: 16,525
Debtors: 6 13,663 18,582
Cash at bank and in hand: 70 12,097
Total current assets: 30,258 30,679
Prepayments and accrued income: 4,482 8,437
Creditors: amounts falling due within one year: 7 ( 33,376 ) ( 25,727 )
Net current assets (liabilities): 1,364 13,389
Total assets less current liabilities: 18,093 16,733
Creditors: amounts falling due after more than one year: 8 ( 30,298 ) ( 30,155 )
Accruals and deferred income: ( 2,832 )
Total net assets (liabilities): ( 15,037 ) ( 13,422 )

The notes form part of these financial statements

LLOYD SIGN SOLUTIONS LTD

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 15,039 ) ( 13,424 )
Shareholders funds: ( 15,037 ) ( 13,422 )

For the year ending 30 September 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 January 2025
And Signed On Behalf Of The Board By:

Name: THOMAS LLOYD
Status: Director

The notes form part of these financial statements

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is the amount arrived from ordinary activities and is measured as the fair value of consideration received. Turnover reduced for estimated customer returns, rebates, and other similar allowances, and is stated net of VAT. Revenue from the sale of services is recognised when the following conditions are satisfied: the sale has reached the point of exchange for the customer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated impairment losses. At each reporting date, fixed assets are reviewed to determine whether there is any indication that these assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount affected of any affected assets= is estimated compared with the carrying amount. If estimated recoverable amounts are lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognized immediately in profit or loss. If any impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimated recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognized for the asset in prior years. A reverse of an impairment is recognized immediately in the profit or loss.

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    Plant & Machinery 25%
    Fixtures & Fittings 15%
    Office Equipment 25%

    Valuation information and policy

    Stocks are stated at the lower of cost or estimated selling price less cost to complete and sell (net realizable value). Costs, which comprise of direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit, or loss as incurred. Net realizable value is based on the estimated selling price less any estimated completion selling costs.

    When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down value of stocks to net realizable value and all losses of stocks are recognized as an expense in the period in which write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognized as a reduction in the amount of stocks recognized as an expense in the period in which the reversal occurs.

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies (continued)

    Other accounting policies

    Taxation represents the sum of tax currently payable and deferred tax. The company’s liability for current tax is calculated using tax rates that have been enacted by the end of the reporting period. Deferred tax is recognized on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the assets to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on the tax rates (and tax laws) that have been enacted or substantively enacted at the end of the reporting period. The company operates a defined pension scheme. The pension scheme charge represents the amount payable by the company to the fund in respect of the year.

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 5

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Dividends


2024
£

2023
£
Dividends paid 124,367 15,100

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 October 2023 5,000 - 500 5,500
Additions 12,995 1,335 706 15,036
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 September 2024 17,995 1,335 1,206 20,536
Depreciation
At 01 October 2023 2,031 - 125 2,156
Charge for year 1,284 200 167 1,651
On disposals - - - -
Other adjustments - - - -
At 30 September 2024 3,315 200 292 3,807
Net book value
At 30 September 2024 14,680 1,135 914 16,729
At 30 September 2023 2,969 - 375 3,344

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Debtors


2024
£

2023
£
Trade debtors 13,663 18,582
Total 13,663 18,582

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 12,536
Trade creditors 15,191 7,361
Taxation and social security 2,988
Accruals and deferred income 703
Other creditors 5,649 14,675
Total 33,376 25,727

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 30,298 30,155
Total 30,298 30,155

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

9.1.Related party disclosures

Name of related party: Stephen Lloyd
Description of relationship:
For the purpose of these financial statements, a party is considered to be related to the company if: The party has the liability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company. The company and the party are subject to common control; the party is an associate of the company or a joint venture in which the company is a venturer. The party is a member of key management personnel of the company or the company's parent, or a close family member of a party referred to earlier or is an entity under the control, joint control, or significant influence of such individuals; or the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company. The party or any member of a group of which is part, provides key management personnel services to the company or its parent. Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.
Description of the transaction:
The transaction is in the form of a long term loan
Balance at 01 October 2023 29,155
Balance at 30 September 2024 12,648

Name of related party: Sue Lloyd
Description of relationship:
For the purpose of these financial statements, a party is considered to be related to the company if: The party has the liability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company. The company and the party are subject to common control; the party is an associate of the company or a joint venture in which the company is a venturer. The party is a member of key management personnel of the company or the company's parent, or a close family member of a party referred to earlier or is an entity under the control, joint control, or significant influence of such individuals; or the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company. The party or any member of a group of which is part, provides key management personnel services to the company or its parent. Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.
Description of the transaction:
The transcation is in the form of a long term loan
Balance at 01 October 2023 0
Balance at 30 September 2024 17,650

LLOYD SIGN SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

9.2.Related party disclosures

Name of related party: Thomas Lloyd
Description of relationship:
For the purpose of these financial statements, a party is considered to be related to the company if: The party has the liability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company. The company and the party are subject to common control; the party is an associate of the company or a joint venture in which the company is a venturer. The party is a member of key management personnel of the company or the company's parent, or a close family member of a party referred to earlier or is an entity under the control, joint control, or significant influence of such individuals; or the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company. The party or any member of a group of which is part, provides key management personnel services to the company or its parent. Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.
Description of the transaction:
Dividends paid
Balance at 01 October 2023 13,097
Balance at 30 September 2024 12,437