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SIGNET SOLUTIONS LIMITED

Registered Number
03226990
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

SIGNET SOLUTIONS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

DAKIN, William Reuben
KNIGHT, Andrew
KNIGHT, Isobel Marie

Registered Address

Kelvin House R T C Business Park
London Road
Derby
DE24 8UP

Registered Number

03226990 (England and Wales)
SIGNET SOLUTIONS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets343,83658,058
43,83658,058
Current assets
Debtors741,340169,775
Cash at bank and on hand136,020726,454
877,360896,229
Creditors amounts falling due within one year4(575,100)(580,434)
Net current assets (liabilities)302,260315,795
Total assets less current liabilities346,096373,853
Net assets346,096373,853
Capital and reserves
Called up share capital3333
Share premium(203,253)(203,253)
Profit and loss account549,316577,073
Shareholders' funds346,096373,853
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2025, and are signed on its behalf by:
DAKIN, William Reuben
Director
Registered Company No. 03226990
SIGNET SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings20
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year99
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 2399,27046,32568,75224,245238,592
At 31 July 2499,27046,32568,75224,245238,592
Depreciation and impairment
At 01 August 2399,2708,68662,8989,680180,534
Charge for year3,6419,4101,171-14,222
At 31 July 24102,91118,09664,0699,680194,756
Net book value
At 31 July 24(3,641)28,2294,68314,56543,836
At 31 July 23-37,6395,85414,56558,058
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables516,435573,417
Taxation and social security58,6657,017
Total575,100580,434
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.