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REGISTERED NUMBER: 01450039 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Signway Supplies (Datchet) Limited

Signway Supplies (Datchet) Limited (Registered number: 01450039)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Signway Supplies (Datchet) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T J Brett
B J Brett
O C Williams
C L Williams





SECRETARY: T J Brett





REGISTERED OFFICE: Signway House
Stroudley Road
Basingstoke
Hampshire
RG24 8UG





REGISTERED NUMBER: 01450039 (England and Wales)





ACCOUNTANTS: Randall Accountancy Limited
22 The Crofts
Basingstoke
Hampshire
RG22 4RF

Signway Supplies (Datchet) Limited (Registered number: 01450039)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 494,714 437,986

CURRENT ASSETS
Stocks 160,082 114,362
Debtors 5 2,636,091 2,088,018
Cash at bank and in hand 184,369 607,870
2,980,542 2,810,250
CREDITORS
Amounts falling due within one year 6 1,125,003 954,188
NET CURRENT ASSETS 1,855,539 1,856,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,350,253

2,294,048

CREDITORS
Amounts falling due after more than
one year

7

(133,877

)

(94,656

)

PROVISIONS FOR LIABILITIES 8 (101,563 ) (78,935 )
NET ASSETS 2,114,813 2,120,457

CAPITAL AND RESERVES
Called up share capital 9 98 98
Retained earnings 2,114,715 2,120,359
SHAREHOLDERS' FUNDS 2,114,813 2,120,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Signway Supplies (Datchet) Limited (Registered number: 01450039)

Balance Sheet - continued
30 September 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 21 February 2025 and were signed on its behalf by:





C L Williams - Director


Signway Supplies (Datchet) Limited (Registered number: 01450039)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Signway Supplies (Datchet) 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probably that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Signway Supplies (Datchet) Limited (Registered number: 01450039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 52 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 28,965 413,849 74,591 669,071 1,186,476
Additions - 29,635 30,686 201,150 261,471
Disposals - (555 ) (535 ) (102,117 ) (103,207 )
At 30 September 2024 28,965 442,929 104,742 768,104 1,344,740
DEPRECIATION
At 1 October 2023 603 384,765 58,009 305,113 748,490
Charge for year 7,241 16,845 9,615 101,212 134,913
Eliminated on disposal - (1,090 ) - (32,287 ) (33,377 )
At 30 September 2024 7,844 400,520 67,624 374,038 850,026
NET BOOK VALUE
At 30 September 2024 21,121 42,409 37,118 394,066 494,714
At 30 September 2023 28,362 29,084 16,582 363,958 437,986

Signway Supplies (Datchet) Limited (Registered number: 01450039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,328,962 818,444
Amounts owed by group undertakings 1,010,526 1,008,901
Other debtors 296,603 260,673
2,636,091 2,088,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 109,563 58,601
Trade creditors 715,157 474,994
Taxation and social security 92,724 202,101
Other creditors 207,559 218,492
1,125,003 954,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 133,877 94,656

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 101,563 78,935

Deferred
tax
£   
Balance at 1 October 2023 78,935
Charge to Statement of Income and Retained Earnings
during year

22,628
Balance at 30 September 2024 101,563

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
98 Ordinary £1 98 98

Signway Supplies (Datchet) Limited (Registered number: 01450039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £1,010,526 (2023: £1,008,901) by Signway (Holdings) Limited, the parent company. No interest is charged on the balance outstanding and there are no fixed repayment terms.

At the year end the company was owed £nil, (2023: £100,000) by Brett Property Developments Limited, a connected company. No interest was charged on the balance outstanding. This was repaid in full during the current year on 24 October 2023.