Registered number
03839908
Avonmouth Signs Limited
Filleted Accounts
31 October 2024
Adams Root Ltd t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
Avonmouth Signs Limited
Registered number: 03839908
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 252,943 238,531
Current assets
Stocks 22,000 30,000
Debtors 5 101,885 118,744
Cash at bank and in hand 177,979 143,111
301,864 291,855
Creditors: amounts falling due within one year 6 (120,568) (87,866)
Net current assets 181,296 203,989
Total assets less current liabilities 434,239 442,520
Creditors: amounts falling due after more than one year 7 (3,063) (3,063)
Net assets 431,176 439,457
Capital and reserves
Called up share capital 104 104
Profit and loss account 431,072 439,353
Shareholders' funds 431,176 439,457
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M D Taylor
Director
Approved by the board on 14 March 2025
Avonmouth Signs Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 150,000
At 31 October 2024 150,000
Amortisation
At 1 November 2023 150,000
At 31 October 2024 150,000
Net book value
At 31 October 2024 -
Trade marks are being written off in equal annual instalments over its estimated economic life of 5 years. Product development costs will be written off over the expected life of the new products.
4 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 129,078 329,966 124,633 583,677
Additions 9,712 30,621 30,000 70,333
Disposals - - (41,115) (41,115)
At 31 October 2024 138,790 360,587 113,518 612,895
Depreciation
At 1 November 2023 30,912 249,095 65,139 345,146
Charge for the year 2,776 27,874 21,408 52,058
On disposals - - (37,252) (37,252)
At 31 October 2024 33,688 276,969 49,295 359,952
Net book value
At 31 October 2024 105,102 83,618 64,223 252,943
At 31 October 2023 98,166 80,871 59,494 238,531
5 Debtors 2024 2023
£ £
Trade debtors 84,684 103,243
Other debtors 17,201 15,501
101,885 118,744
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 66,199 47,237
Taxation and social security costs 41,967 22,957
Other creditors 12,402 17,672
120,568 87,866
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 3,063 3,063
8 Other information
Avonmouth Signs Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit B1 Worthy Road
Chittening Industrial Estate
Chittening
Bristol
BS11 0YB
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