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REGISTERED NUMBER: 01337687 (England and Wales)















Financial Statements

for the Year Ended 30 November 2024

for

RPG Sign Hire Ltd

RPG Sign Hire Ltd (Registered number: 01337687)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RPG Sign Hire Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R Colwell
B D Colwell
A J White
I White
J R Hunt
E Hunt





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 01337687 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

RPG Sign Hire Ltd (Registered number: 01337687)

Statement of Financial Position
30 November 2024

30/11/24 30/11/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 1,643,990 1,323,391

CURRENT ASSETS
Inventories 76,308 54,028
Debtors 6 499,049 376,086
Cash at bank 93,323 157,694
668,680 587,808
CREDITORS
Amounts falling due within one year 7 (944,695 ) (332,195 )
NET CURRENT (LIABILITIES)/ASSETS (276,015 ) 255,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,367,975

1,579,004

CREDITORS
Amounts falling due after more than one
year

8

(46,150

)

(516,269

)

PROVISIONS FOR LIABILITIES (185,693 ) (105,095 )
NET ASSETS 1,136,132 957,640

CAPITAL AND RESERVES
Called up share capital 21,099 21,099
Revaluation reserve 10 778,402 553,402
Retained earnings 10 336,631 383,139
SHAREHOLDERS' FUNDS 1,136,132 957,640

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

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

RPG Sign Hire Ltd (Registered number: 01337687)

Statement of Financial Position - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





I White - Director


RPG Sign Hire Ltd (Registered number: 01337687)

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

1. STATUTORY INFORMATION

RPG Sign Hire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Fixed assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimate residual value on a straight line basis over its expected useful life, as follows:-

Freehold land is not depreciated
Freehold property - over 50 years
Computer equipment - 25 % on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Residual value is calculated on prices prevailing at the reporting date, after estimated costs of disposal, for the asset as if it were at the age and in the condition expected at the end of its useful life.

Revaluation of properties
Properties whose fair value can be measured reliably are held under the revaluation model and carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity, such gains and loss are recognised in profit or loss.

Impairment of fixed assets
Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments. Impairment losses are recognised in the profit and loss account.

RPG Sign Hire Ltd (Registered number: 01337687)

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

3. ACCOUNTING POLICIES - continued

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

RPG Sign Hire Ltd (Registered number: 01337687)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Cost or valuation
At 1 December 2023 1,200,000 271,941 5,000 33,768 1,510,709
Additions - 68,740 - 1,100 69,840
Disposals - (11,514 ) (5,000 ) - (16,514 )
Revaluations 300,000 - - - 300,000
At 30 November 2024 1,500,000 329,167 - 34,868 1,864,035
Depreciation
At 1 December 2023 - 160,958 4,834 21,526 187,318
Charge for year - 41,178 40 6,274 47,492
Eliminated on disposal - (9,891 ) (4,874 ) - (14,765 )
At 30 November 2024 - 192,245 - 27,800 220,045
Net book value
At 30 November 2024 1,500,000 136,922 - 7,068 1,643,990
At 30 November 2023 1,200,000 110,983 166 12,242 1,323,391

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30/11/2430/11/23
££

Cost571,945571,945

Aggregate depreciation227,286216,847

Freehold land and buildings were valued on an open market basis on 30 November 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 470,939 355,361
Other debtors 28,110 20,725
499,049 376,086

RPG Sign Hire Ltd (Registered number: 01337687)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 498,016 56,706
Hire purchase contracts 14,410 6,107
Trade creditors 252,145 120,379
Taxation and social security 172,328 140,828
Other creditors 7,796 8,175
944,695 332,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Bank loans - 496,341
Hire purchase contracts 46,150 19,928
46,150 516,269

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 320,837

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/24 30/11/23
£    £   
Bank loans 498,016 553,047

The bank loans are secured on company assets.

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2023 383,139 553,402 936,541
Profit for the year 150,492 150,492
Dividends (197,000 ) (197,000 )
Revaluation reserve - 225,000 225,000
At 30 November 2024 336,631 778,402 1,115,033

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £232,986 (2023 - £229,200).