Acorah Software Products - Accounts Production 16.2.800 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11510397 Mr Mark Mack Mr Kevin Newton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11510397 2023-09-30 11510397 2024-09-30 11510397 2023-10-01 2024-09-30 11510397 frs-core:CurrentFinancialInstruments 2024-09-30 11510397 frs-core:Non-currentFinancialInstruments 2024-09-30 11510397 frs-core:FurnitureFittings 2024-09-30 11510397 frs-core:FurnitureFittings 2023-10-01 2024-09-30 11510397 frs-core:FurnitureFittings 2023-09-30 11510397 frs-core:MotorVehicles 2024-09-30 11510397 frs-core:MotorVehicles 2023-10-01 2024-09-30 11510397 frs-core:MotorVehicles 2023-09-30 11510397 frs-core:PlantMachinery 2024-09-30 11510397 frs-core:PlantMachinery 2023-10-01 2024-09-30 11510397 frs-core:PlantMachinery 2023-09-30 11510397 frs-core:SharePremium 2024-09-30 11510397 frs-core:ShareCapital 2024-09-30 11510397 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11510397 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11510397 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11510397 frs-bus:SmallEntities 2023-10-01 2024-09-30 11510397 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11510397 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11510397 frs-bus:Director1 2023-10-01 2024-09-30 11510397 frs-bus:Director2 2023-10-01 2024-09-30 11510397 frs-countries:EnglandWales 2023-10-01 2024-09-30 11510397 2022-09-30 11510397 2023-09-30 11510397 2022-10-01 2023-09-30 11510397 frs-core:CurrentFinancialInstruments 2023-09-30 11510397 frs-core:Non-currentFinancialInstruments 2023-09-30 11510397 frs-core:MotorVehicles 2022-10-01 2023-09-30 11510397 frs-core:PlantMachinery 2022-10-01 2023-09-30 11510397 frs-core:SharePremium 2023-09-30 11510397 frs-core:ShareCapital 2023-09-30 11510397 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11510397
The Signage & Display Co Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11510397
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 722,663 528,698
722,663 528,698
CURRENT ASSETS
Stocks 241,104 167,163
Debtors 5 683,212 791,284
Cash at bank and in hand 61,119 270,801
985,435 1,229,248
Creditors: Amounts Falling Due Within One Year 6 (772,620 ) (902,311 )
NET CURRENT ASSETS (LIABILITIES) 212,815 326,937
TOTAL ASSETS LESS CURRENT LIABILITIES 935,478 855,635
Creditors: Amounts Falling Due After More Than One Year 7 (190,852 ) (145,094 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (156,905 ) (125,944 )
NET ASSETS 587,721 584,597
CAPITAL AND RESERVES
Called up share capital 8 95 95
Share premium account 41,981 41,981
Profit and Loss Account 545,645 542,521
SHAREHOLDERS' FUNDS 587,721 584,597
Page 1
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Mack
Director
04/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Signage & Display Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11510397 . The registered office is 1 - 2 Venture Court, Hinckley, LE10 3BT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% per annum on net book amount
Motor Vehicles 20% per annum on net book amount
Fixtures & Fittings 20% per annum on net book amount
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 63 (2023: 58)
63 58
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 577,054 130,409 36,705 744,168
Additions 217,140 103,705 5,708 326,553
Disposals (34,800 ) (26,747 ) - (61,547 )
As at 30 September 2024 759,394 207,367 42,413 1,009,174
Depreciation
As at 1 October 2023 130,000 67,463 18,007 215,470
Provided during the period 64,367 30,965 4,883 100,215
Disposals (14,251 ) (14,923 ) - (29,174 )
As at 30 September 2024 180,116 83,505 22,890 286,511
Net Book Value
As at 30 September 2024 579,278 123,862 19,523 722,663
As at 1 October 2023 447,054 62,946 18,698 528,698
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 257,005 285,561
Motor Vehicles 44,340 25,990
301,345 311,551
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 609,522 732,228
Other debtors 73,690 59,056
683,212 791,284
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 157,603 85,949
Trade creditors 357,510 511,953
Bank loans and overdrafts 10,000 10,000
Other creditors 43,164 39,456
Taxation and social security 204,343 254,953
772,620 902,311
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 181,685 125,927
Bank loans 9,167 19,167
190,852 145,094
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 95 95
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