smallAccCompHo_0921.xslt
Company Registration No. 08251031 (England and Wales)
RE:SIGNAL LTD
Financial Statements
for the Period from 01 November 2023 to 31 October 2024

RE:SIGNAL LTD

Financial Statements for the period ending 31 October 2024

RE:SIGNAL LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

1. Statutory Information
RE:SIGNAL LTD is a private company, limited by shares, registered in England and Wales, registration number 08251031.
2. Accounting Policies
Basis of preparing the Financial Statements
The
financial
statements
have
been
prepared
under
the
historical
cost
convention
and
in
accordance
with
Financial Reporting
Standard
102
section
1A
Small
Entities
"The
Financial Reporting
Standard
applicable
in
the
UK
and
Republic of
Ireland"
and
the
Companies
Act
2006.
Presentation Currency
The accounts are presented in £ sterling.
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
is reduced
for
estimated
customer
returns,
rebates
and
other
similar
allowances.

RE:SIGNAL LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

Current Tax
Income
tax
expense
represents
the
sum
of
the
tax
currently
payable
and
deferred
tax. The
tax
currently
payable
is
based
on
taxable
profit
for
the
year.
Taxable
profit
differs
from
profit
as
reported
in
the statement
of
comprehensive
income
because
of
items
of
income
or
expense
that
are
taxable
or
deductible
in
other years
and
items
that
are
never
taxable
or
deductible.
The
company's
liability
for
current
tax
is
calculated
using
tax rates
that
have
been
enacted
or
substantively
enacted
by
the
end
of
the
reporting
period.
Tangible Fixed Asset Policy
Tangible
fixed
assets
are
measured
at
cost
less
accumulated
depreciation
and
any
accumulated
impairment
losses. Depreciation
is
provided
at
rates
calculated
to
write
off
the
cost
of
the
fixed
assets,
less
their
estimated
residual
value, over
their
expected
useful
lives
on
the
following
bases:Freehold Straight line over 5 years Motor
Vehicles 33% on reducing balance Fixtures
&
Fittings 25% on reducing balance Computer
Equipment Straight line over 4 years

RE:SIGNAL LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

Deferred Tax
Deferred
tax
is
recognised
on
timing
differences
between
the
carrying
amounts
of
assets
and
liabilities
in
the
financial statements
and
the
corresponding
tax
bases
used
in
the computation
of
taxable
profit.
Deferred
tax
liabilities
are generally
recognised
for
all
taxable
timing
differences.
Deferred
tax
assets
are
generally
recognised
for
all
deductible temporary
differences
to
the
extent
that
it
is
probable
that
taxable
profits
will
be
available
against which
those deductible
timing
differences
can
be
utilised.
The
carrying
amount
of
deferred
tax
assets
is
reviewed
at
the
end
of
each reporting
period
and
reduced
to
the
extent
that
it
is
no
longer
probable
that
sufficient
taxable
profits
will
be
available to
allow
all
or
part
of
the
asset
to
be
recovered. Deferred
tax
assets
and
liabilities
are
measured
at
the
tax
rates
that
are
expected
to
apply
in
the
period
in
which
the liability
is
settled
or
the
asset
realised,
based
on
tax
rates
(and
tax
laws)
that
have
been
enacted
or
substantively enacted
by
the
end
of
the
reporting
period.
Deferred
tax
liabilities
are
presented
within
provisions
for
liabilities
and deferred
tax
assets
within
debtors.
The
measurement
of
deferred
tax
liabilities
and
assets
reflect
the
tax consequences that
would
follow
from
the
manner
in
which
the
Company
expects,
at
the
end
of
the
reporting
period,
to
recover
or settle
the
carrying
amount
of
its
assets
and
liabilities. Current
or
deferred
tax
for
the
year
is
recognised
in
profit
or
loss,
except
when
they
related
to
items
that
are recognised
in
other
comprehensive
income
or
directly
in
equity,
in
which
case,
the
current
and
deferred
tax
is
also recognised
in
other
comprehensive
income
or
directly
in
equity
respectively.

RE:SIGNAL LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 16
2023 17
4. Principal Activity
The
principal
activity
of
the
company
in
the
year
under
review
was
that
of
advertising
agencies.

RE:SIGNAL LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

5. Fixed Assets
Motor Vehicles Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £
At 01/11/2023 33,075 2,148 2,836 52,081
Additions 70,574 - 1,081 71,655
At 31/10/2024 103,649 2,148 3,917 123,736
Depreciation
At 01/11/2023 25,451 1,024 1,381 41,878
Charge for the year 14,302 281 844 15,427
At 31/10/2024 39,753 1,305 2,225 57,305
Net Book Value
At 31/10/2024 63,896 843 1,692 66,431
At 31/10/2023 7,624 1,124 1,455 10,203