Excel Signs Limited - Filleted accounts

Registered number

05883355

Excel Signs Limited

Filleted Accounts

31 August 2024

Excel Signs Limited
Registered number:		05883355
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		165,663			152,498

Current assets
Stocks		2,468			2,468
Debtors	4	180,073			294,082
Cash at bank and in hand		215,148			95,728
		397,689			392,278

Creditors: amounts falling due within one year	5	(346,297)			(399,484)

Net current assets/(liabilities)			51,392			(7,206)

Total assets less current liabilities			217,055			145,292

Creditors: amounts falling due after more than one year	6		(28,121)			(46,046)



Net assets			188,934			99,246

Capital and reserves
Called up share capital			6			6
Profit and loss account			188,928			99,240

Shareholders' funds			188,934			99,246

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.



Mr P Jones
Director
Approved by the board on 3 April 2025

Excel Signs Limited
Notes to the Accounts
for the year ended 31 August 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
	Plant and machinery			over 3 years
	Motor vehicles			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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		12


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2023	156,299		183,860		36,150		376,309
	Additions	-		2,047		37,000		39,047
	Disposals	-		-		(20,450)		(20,450)
	At 31 August 2024	156,299		185,907		52,700		394,906

	Depreciation
	At 1 September 2023	35,364		152,297		36,150		223,811
	Charge for the year	3,126		13,506		9,250		25,882
	On disposals	-		-		(20,450)		(20,450)
	At 31 August 2024	38,490		165,803		24,950		229,243

	Net book value
	At 31 August 2024	117,809		20,104		27,750		165,663
	At 31 August 2023	120,935		31,563		-		152,498


4	Debtors					2024		2023
£							£

	Trade debtors					176,531		285,883
	Other debtors					3,542		8,199
						180,073		294,082


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					14,460		14,460
	Trade creditors					89,625		141,198
	Taxation and social security costs					163,575		150,194
	Other creditors					78,637		93,632
						346,297		399,484


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					28,121		46,046


7	Loans					2024		2023
£							£
	Creditors include:

	Secured bank loans					33,076		40,674

	The bank loan is secured on the freehold property Unit 1, Apex Crentre, Wrexham.


8	Other information

	Excel Signs Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1 Apex Centre
	Clywedog Road South
	Industrial Estate
	Wrexham
	LL13 9XS