Company Registration No. 12602943 (England and Wales)
Saltaire Signs Limited
Unaudited accounts
for the year ended 31 May 2024
Saltaire Signs Limited
Unaudited accounts
Contents
Saltaire Signs Limited
Company Information
for the year ended 31 May 2024
Company Number
12602943 (England and Wales)
Registered Office
7 Whiteley Croft Gardens
Otley
West Yorkshire
LS21 3PF
ENGLAND
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Saltaire Signs Limited
Statement of financial position
as at 31 May 2024
Tangible assets
19,549
23,897
Cash at bank and in hand
31,119
13,802
Creditors: amounts falling due within one year
(79,800)
(37,446)
Net current liabilities
(6,742)
(6,933)
Total assets less current liabilities
12,807
16,964
Creditors: amounts falling due after more than one year
(11,237)
(15,888)
Called up share capital
2
2
Profit and loss account
1,568
1,074
Shareholders' funds
1,570
1,076
For the year ending 31 May 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 25 November 2024 and were signed on its behalf by
J Fagg
Director
Company Registration No. 12602943
Saltaire Signs Limited
Notes to the Accounts
for the year ended 31 May 2024
Saltaire Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 12602943. The registered office is 7 Whiteley Croft Gardens, Otley, West Yorkshire, LS21 3PF, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% on Cost
Computer equipment
25% on Cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
3,217
26,750
4,028
4,208
38,203
Additions
161
-
-
2,682
2,843
At 31 May 2024
3,378
26,750
4,028
6,890
41,046
At 1 June 2023
1,091
10,031
1,201
1,983
14,306
Charge for the year
804
4,180
1,007
1,200
7,191
At 31 May 2024
1,895
14,211
2,208
3,183
21,497
At 31 May 2024
1,483
12,539
1,820
3,707
19,549
At 31 May 2023
2,126
16,719
2,827
2,225
23,897
Amounts falling due within one year
Trade debtors
41,939
16,711
Saltaire Signs Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,255
-
Trade creditors
47,593
27,172
Taxes and social security
25,791
10,260
Loans from directors
(12,550)
14
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,237
15,888
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free advance
(14)
12,564
-
12,550
The overdrawn directors loan was repaid on 30 June 2024.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).