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REGISTERED NUMBER: 06866085 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

ALPHABET & SIGN CITY LIMITED

ALPHABET & SIGN CITY LIMITED (REGISTERED NUMBER: 06866085)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ALPHABET & SIGN CITY LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D R Harding
Mrs K Harding





SECRETARY: Mrs K Harding





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 06866085 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

ALPHABET & SIGN CITY LIMITED (REGISTERED NUMBER: 06866085)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,590 5,027
3,590 5,027

CURRENT ASSETS
Stocks 300 300
Debtors 6 23,925 23,336
Cash at bank 60,717 52,116
84,942 75,752
CREDITORS
Amounts falling due within one year 7 16,796 15,946
NET CURRENT ASSETS 68,146 59,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,736

64,833

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 71,636 64,733
SHAREHOLDERS' FUNDS 71,736 64,833

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:



Mrs K Harding - Director


ALPHABET & SIGN CITY LIMITED (REGISTERED NUMBER: 06866085)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Alphabet & Sign City 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.

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 2009, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ALPHABET & SIGN CITY LIMITED (REGISTERED NUMBER: 06866085)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 40,000
AMORTISATION
At 1 June 2023
and 31 May 2024 40,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 15,570
DEPRECIATION
At 1 June 2023 10,543
Charge for year 1,437
At 31 May 2024 11,980
NET BOOK VALUE
At 31 May 2024 3,590
At 31 May 2023 5,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 23,925 22,268
Other debtors - 1,068
23,925 23,336

ALPHABET & SIGN CITY LIMITED (REGISTERED NUMBER: 06866085)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,183 4,771
Taxation and social security 11,491 8,663
Other creditors 3,122 2,512
16,796 15,946

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 64,733
Profit for the year 25,903
Dividends (19,000 )
At 31 May 2024 71,636

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
D R Harding and Mrs K Harding
Balance outstanding at start of year (326 ) (7,119 )
Amounts advanced 18,444 27,050
Amounts repaid (19,000 ) (20,257 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (882 ) (326 )

The Directors' loans are interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

The Company remained under the control of it's Directors'.