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REGISTERED NUMBER: 08979746 (England and Wales)





Sign Concepts Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025






Sign Concepts Ltd (Registered number: 08979746)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sign Concepts Ltd

Company Information
for the year ended 31 March 2025







DIRECTORS: L Burnett
A Grainger





REGISTERED OFFICE: Unit 2 Gower St
Bradford
West Yorkshire
BD5 7JF





REGISTERED NUMBER: 08979746 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Sign Concepts Ltd (Registered number: 08979746)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,198 38,279
46,198 38,279

CURRENT ASSETS
Stocks 19,078 15,078
Debtors 6 135,452 56,303
Cash at bank and in hand 45,920 98,887
200,450 170,268
CREDITORS
Amounts falling due within one year 7 (141,550 ) (134,927 )
NET CURRENT ASSETS 58,900 35,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,098

73,620

CREDITORS
Amounts falling due after more than one
year

8

(12,722

)

(22,500

)
NET ASSETS 92,376 51,120

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,276 51,020
SHAREHOLDERS' FUNDS 92,376 51,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Sign Concepts Ltd (Registered number: 08979746)

Statement of Financial Position - continued
31 March 2025


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 21 May 2025 and were signed on its behalf by:





L Burnett - Director


Sign Concepts Ltd (Registered number: 08979746)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Sign Concepts 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. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Computer software is being amortised evenly over its estimated useful life of five 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 - 33% on reducing balance and 25% on cost

Stocks
Stocks 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.

Sign Concepts Ltd (Registered number: 08979746)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received.

During the year the company was in receipt of relief in respect of the Bounce Back Loan Scheme (BBLS). The Business Interruption Payment made by the government on behalf of the company has bee brought in as grant income and reflects the amounts relating to the financial year.

During the year the company was in receipt of relief in respect of the Coronavirus Job Retention Scheme. The income is recorded based on the claim periods made relating to the financial year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 11,000 11,000 22,000
AMORTISATION
At 1 April 2024
and 31 March 2025 11,000 11,000 22,000
NET BOOK VALUE
At 31 March 2025 - - -
At 31 March 2024 - - -

Sign Concepts Ltd (Registered number: 08979746)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 144,114
Additions 26,236
At 31 March 2025 170,350
DEPRECIATION
At 1 April 2024 105,835
Charge for year 18,317
At 31 March 2025 124,152
NET BOOK VALUE
At 31 March 2025 46,198
At 31 March 2024 38,279

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 123,669 44,520
Other debtors 11,783 11,783
135,452 56,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 54,441 84,947
Taxation and social security 29,838 18,386
Other creditors 57,271 31,594
141,550 134,927

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 12,722 22,500

Sign Concepts Ltd (Registered number: 08979746)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bounce Back Loan Scheme 12,722 22,500

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from the TSB in the year.

10. RELATED PARTY DISCLOSURES

Mrs V Burnett who is the wife of one of the shareholders, owns the property at Gower Street from which the company trades. Rent paid to Mrs Burnett for the use of the property amounted to £7,000 (PY:£4,900) in the year under review.

All transactions were undertaken in the ordinary course of business under normal commercial terms.

11. GOING CONCERN

The company is trading with the continued financial support of the Director for the foreseeable future. The company is expected to generate profits within the foreseeable future.