IRIS Accounts Production v24.3.2.46 08159174 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081591742023-07-31081591742024-07-31081591742023-08-012024-07-31081591742022-07-31081591742022-08-012023-07-31081591742023-07-3108159174ns15:EnglandWales2023-08-012024-07-3108159174ns14:PoundSterling2023-08-012024-07-3108159174ns10:Director12023-08-012024-07-3108159174ns10:Director22023-08-012024-07-3108159174ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108159174ns10:SmallEntities2023-08-012024-07-3108159174ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108159174ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108159174ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108159174ns10:FullAccounts2023-08-012024-07-310815917412023-08-012024-07-3108159174ns5:CurrentFinancialInstruments2024-07-3108159174ns5:CurrentFinancialInstruments2023-07-3108159174ns5:Non-currentFinancialInstruments2024-07-3108159174ns5:Non-currentFinancialInstruments2023-07-3108159174ns5:ShareCapital2024-07-3108159174ns5:ShareCapital2023-07-3108159174ns5:RetainedEarningsAccumulatedLosses2024-07-3108159174ns5:RetainedEarningsAccumulatedLosses2023-07-3108159174ns10:RegisteredOffice2023-08-012024-07-3108159174ns5:NetGoodwill2023-08-012024-07-3108159174ns5:PlantMachinery2023-08-012024-07-3108159174ns5:NetGoodwill2023-07-3108159174ns5:NetGoodwill2024-07-3108159174ns5:NetGoodwill2023-07-3108159174ns5:LandBuildings2023-07-3108159174ns5:PlantMachinery2023-07-3108159174ns5:LandBuildings2023-08-012024-07-3108159174ns5:LandBuildings2024-07-3108159174ns5:PlantMachinery2024-07-3108159174ns5:LandBuildings2023-07-3108159174ns5:PlantMachinery2023-07-3108159174ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3108159174ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3108159174ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-07-3108159174ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-07-3108159174ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-3108159174ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-3108159174ns5:HirePurchaseContracts2024-07-3108159174ns5:HirePurchaseContracts2023-07-3108159174ns5:WithinOneYear2024-07-3108159174ns5:WithinOneYear2023-07-3108159174ns5:BetweenOneFiveYears2024-07-3108159174ns5:BetweenOneFiveYears2023-07-3108159174ns5:AllPeriods2024-07-3108159174ns5:AllPeriods2023-07-3108159174ns5:Secured2024-07-3108159174ns5:Secured2023-07-3108159174ns10:Director222023-07-3108159174ns10:Director222022-07-3108159174ns10:Director222023-08-012024-07-3108159174ns10:Director222022-08-012023-07-3108159174ns10:Director222024-07-3108159174ns10:Director222023-07-31
REGISTERED NUMBER: 08159174 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 July 2024

for

Tavy Signs Limited

Tavy Signs Limited (Registered number: 08159174)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Tavy Signs Limited (Registered number: 08159174)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,172 22,613
Tangible assets 5 403,027 398,763
423,199 421,376

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 6 48,028 74,170
Cash at bank 21,858 18,059
77,386 99,729
CREDITORS
Amounts falling due within one year 7 114,352 180,664
NET CURRENT LIABILITIES (36,966 ) (80,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,233

340,441

CREDITORS
Amounts falling due after more than one
year

8

(385,854

)

(382,539

)

PROVISIONS FOR LIABILITIES (7,933 ) (5,602 )
NET LIABILITIES (7,554 ) (47,700 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,654 ) (47,800 )
(7,554 ) (47,700 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Tavy Signs Limited (Registered number: 08159174)

Balance Sheet - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:




B Gerry - Director



D Gerry - Director


Tavy Signs Limited (Registered number: 08159174)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Tavy Signs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08159174

Registered office: 18-20 Plymouth Road Industrial Estate
Plymouth Road
Tavistock
Devon
PL19 9QN

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 amounts paid in connection with the acquisition of businesses in 2012, 2013 & 2014, are being amortised evenly over their estimated useful lives of twenty years.

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Tavy Signs Limited (Registered number: 08159174)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 48,817
AMORTISATION
At 1 August 2023 26,204
Charge for year 2,441
At 31 July 2024 28,645
NET BOOK VALUE
At 31 July 2024 20,172
At 31 July 2023 22,613

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 400,171 113,647 513,818
Additions - 16,495 16,495
At 31 July 2024 400,171 130,142 530,313
DEPRECIATION
At 1 August 2023 16,988 98,067 115,055
Charge for year 8,003 4,228 12,231
At 31 July 2024 24,991 102,295 127,286
NET BOOK VALUE
At 31 July 2024 375,180 27,847 403,027
At 31 July 2023 383,183 15,580 398,763

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 41,274 63,852
Other debtors 6,754 10,318
48,028 74,170

Tavy Signs Limited (Registered number: 08159174)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 21,917 25,740
Hire purchase contracts (see note 9) 3,273 2,815
Trade creditors 21,643 21,127
Taxation and social security 22,524 29,911
Other creditors 44,995 101,071
114,352 180,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 378,756 379,041
Hire purchase contracts (see note 9) 7,098 3,498
385,854 382,539

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 214,364 210,329

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 3,273 2,815
Between one and five years 7,098 3,498
10,371 6,313

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 1,196 1,196
Between one and five years 906 2,006
2,102 3,202

Tavy Signs Limited (Registered number: 08159174)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Factoring Account 32,344 43,320
Loans 324,082 404,781
356,426 448,101

The factoring account is secured by fixed and floating charges of over the company's assets.

Loans are secured by way of a first legal mortgage over the property and a fixed charge over all rights in each insurance policy, the benefit of all other contracts, guarantees, appointments and warranties relating to the property, and all licences, consents and authorisations held or required in connection with the business carried out at the property.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
D Gerry
Balance outstanding at start of year - -
Amounts advanced 3,322 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,322 -

Interest is charged at the official rate. This loan is repayable on demand