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Registrar

Registration number: 13546140

Signs 'N' Such Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Signs 'N' Such Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Signs 'N' Such Ltd

Company Information

Directors

G Marshall

Registered office

10 Leather Lane
Braintree
Essex
CM7 1UZ

Bankers

Monzo Bank
Broadwalk House,
5 Appold Street
London
EC2A 2AG

Accountants

Lambert Chapman LLP 3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Signs 'N' Such Ltd

(Registration number: 13546140)
Balance Sheet as at 31 August 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

87,919

15,329

Current assets

 

Stocks

5

29,837

15,000

Debtors

6

12,093

9,460

Cash at bank and in hand

 

3,972

3,552

 

45,902

28,012

Creditors: Amounts falling due within one year

7

(35,676)

(37,405)

Net current assets/(liabilities)

 

10,226

(9,393)

Total assets less current liabilities

 

98,145

5,936

Provisions for liabilities

(20,984)

(1,405)

Net assets

 

77,161

4,531

Capital and reserves

 

Called up share capital

8

3

3

Revaluation reserve

37,987

-

Retained earnings

39,171

4,528

Shareholders' funds

 

77,161

4,531

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2025
 

G Marshall
Director

 

Signs 'N' Such Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 10 Leather Lane, Braintree, Essex, CM7 1UZ.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

 

Signs 'N' Such Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Prior period errors

During the preparation of the accounts fixed assets amounting to £17,907 were identified as having been purchased personally by the director and omitted from the prior years financial statements. After adjusting for depreciation, deferred tax and the reduction in corporation tax, the effect on the headline figures in the Balance Sheet for the prior periods are below:

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Fixed assets (NBV)

14,178

5,594

Debtors

(5,528)

-

Creditors

(10,808)

(5,594)

Provisions for liabilities

(1,405)

-

Profit and loss account

3,563

-

   


The impact of the adjustments had resulted in a reduction to net assets of £3,563 as at 31 August 2023.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of signage and printing services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Signs 'N' Such Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost or valuation less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight line method

Plant and machinery

10%, 20% and 25% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of the ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

Signs 'N' Such Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Office equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2023

5,386

14,162

19,548

Revaluations

3,697

55,958

59,655

Additions

2,465

25,473

27,938

Disposals

(407)

-

(407)

At 31 August 2024

11,141

95,593

106,734

Depreciation

At 1 September 2023

1,694

2,525

4,219

Charge for the year

3,568

11,198

14,766

Eliminated on disposal

(170)

-

(170)

At 31 August 2024

5,092

13,723

18,815

Carrying amount

At 31 August 2024

6,049

81,870

87,919

At 31 August 2023

3,692

11,637

15,329

5

Stocks

2024
£

2023
£

Stock held for resale

29,837

15,000

6

Debtors

2024
£

(As restated)

2023
£

Trade debtors

8,943

5,196

Other debtors

3,150

4,264

12,093

9,460

 

Signs 'N' Such Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

(As restated)

2023
£

Due within one year

 

Loans and borrowings

10

-

2,811

Trade creditors

 

9,854

6,743

Taxation and social security

 

15,241

6,084

Other creditors

 

7,581

21,767

Accruals and deferred income

 

3,000

-

 

35,676

37,405

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

       

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus on property, plant and equipment revaluation

46,993

46,993

A deferred tax provision in the sum of £12,662 has been debited to the revaluation reserve as required by FRS 102.

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

2,811

 

Signs 'N' Such Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £45,000 (2023 - £Nil).