Registered number
10211674
Inline Signs Limited
Filleted Accounts
30 June 2024
Inline Signs Limited
Registered number: 10211674
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,812 52,319
Current assets
Debtors 4 16,559 34,009
Cash at bank and in hand 31,573 46,140
48,132 80,149
Creditors: amounts falling due within one year 5 (16,015) (55,560)
Net current assets 32,117 24,589
Total assets less current liabilities 69,929 76,908
Provisions for liabilities (7,185) (9,941)
Net assets 62,744 66,967
Capital and reserves
Called up share capital 100 100
Profit and loss account 62,644 66,867
Shareholders' funds 62,744 66,967
The director is 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 director acknowledges his 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.
Mr Christopher Hall
Director
Approved by the board on 26 March 2025
Inline Signs Limited
Notes to the Accounts
for the year ended 30 June 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 over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 29,638 51,031 80,669
Disposals - (13,358) (13,358)
At 30 June 2024 29,638 37,673 67,311
Depreciation
At 1 July 2023 16,324 12,026 28,350
Charge for the year 3,329 9,276 12,605
On disposals - (11,456) (11,456)
At 30 June 2024 19,653 9,846 29,499
Net book value
At 30 June 2024 9,985 27,827 37,812
At 30 June 2023 13,314 39,005 52,319
4 Debtors 2024 2023
£ £
Trade debtors 15,455 32,634
Director's loan account - 375
Other debtors 1,104 1,000
16,559 34,009
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's loan account 1,613 -
Trade creditors 2,448 51,230
Taxation and social security costs 10,045 2,174
Other creditors 1,909 2,156
16,015 55,560
6 Other information
Inline Signs Limited is a private company limited by shares and incorporated in England. Its registered office is:
89 West Town Road
Backwell
BS48 3BH
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