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South West Signs Limited

Registered Number
06997681
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

South West Signs Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Mr A N Holroyd

Registered Address

Unit 11 Saltash Business Park
Forge Lane Moorlands Trading Estate
Saltash
PL12 6LX

Registered Number

06997681 (England and Wales)
South West Signs Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,4044,068
3,4044,068
Current assets
Debtors28,42611,646
Cash at bank and on hand16,54838,097
44,97449,743
Creditors amounts falling due within one year(18,007)(21,900)
Net current assets (liabilities)26,96727,843
Total assets less current liabilities30,37131,911
Creditors amounts falling due after one year(4,985)(10,500)
Provisions for liabilities(648)(814)
Net assets24,73820,597
Capital and reserves
Called up share capital11
Profit and loss account24,73720,596
Shareholders' funds24,73820,597
The financial statements were approved and authorised for issue by the Director on 22 January 2025, and are signed on its behalf by:
Mr A N Holroyd
Director
Registered Company No. 06997681
South West Signs Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles20
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 2317,235
At 31 August 2417,235
Depreciation and impairment
At 01 September 2313,167
Charge for year664
At 31 August 2413,831
Net book value
At 31 August 243,404
At 31 August 234,068