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REGISTERED NUMBER: 08237170 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Socialsignin Ltd

Socialsignin Ltd (Registered number: 08237170)






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


Socialsignin Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B Nimmo
N P Wood





REGISTERED OFFICE: Centre City House
5-7 Hill Street
Birmingham
West Midlands
B5 4UA





REGISTERED NUMBER: 08237170 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Socialsignin Ltd (Registered number: 08237170)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,469,913 3,210,714
Tangible assets 5 9,506 -
3,479,419 3,210,714

CURRENT ASSETS
Debtors 6 1,242,186 1,018,075
Cash at bank 1,120,740 994,440
2,362,926 2,012,515
CREDITORS
Amounts falling due within one year 7 (742,922 ) (671,826 )
NET CURRENT ASSETS 1,620,004 1,340,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,099,423

4,551,403

CREDITORS
Amounts falling due after more than one
year

8

(83,388

)

(128,877

)

PROVISIONS FOR LIABILITIES (3,866,263 ) (3,050,541 )
NET ASSETS 1,149,772 1,371,985

CAPITAL AND RESERVES
Called up share capital 9 97 97
Retained earnings 1,149,675 1,371,888
SHAREHOLDERS' FUNDS 1,149,772 1,371,985

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.

Socialsignin Ltd (Registered number: 08237170)

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 14 April 2025 and were signed on its behalf by:





B Nimmo - Director


Socialsignin Ltd (Registered number: 08237170)

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

1. STATUTORY INFORMATION

Socialsignin Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover represents income due from customer in respect of contracts for services and revenue is recognised in the profit and loss account in line with the length of the customer contract.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current 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 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.

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 36 (2023 - 40 ) .

Socialsignin Ltd (Registered number: 08237170)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 4,606,640
Additions 719,863
At 30 September 2024 5,326,503
AMORTISATION
At 1 October 2023 1,395,926
Charge for year 460,664
At 30 September 2024 1,856,590
NET BOOK VALUE
At 30 September 2024 3,469,913
At 30 September 2023 3,210,714

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 100,038
Additions 13,346
At 30 September 2024 113,384
DEPRECIATION
At 1 October 2023 100,038
Charge for year 3,840
At 30 September 2024 103,878
NET BOOK VALUE
At 30 September 2024 9,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,014,853 834,763
Other debtors 227,333 183,312
1,242,186 1,018,075

Socialsignin Ltd (Registered number: 08237170)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 55,533 103,449
Social security and other taxes 67,677 78,542
VAT 280,968 222,734
Other creditors 10,349 9,157
Accrued expenses 328,395 257,944
742,922 671,826

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 83,388 128,877

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
70,000 A Ordinary 0.01 70 70
20,000 B Ordinary £0.01 20 20
7 C Ordinary shares 0.01 7 7
97 97