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Registered number: NI073580
Beyond Signage Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: NI073580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,075 3,130
Tangible Assets 5 191,514 35,197
193,589 38,327
CURRENT ASSETS
Stocks 6 40,000 32,000
Debtors 7 77,460 113,536
Cash at bank and in hand 154,493 12,173
271,953 157,709
Creditors: Amounts Falling Due Within One Year 8 (237,162 ) (177,211 )
NET CURRENT ASSETS (LIABILITIES) 34,791 (19,502 )
TOTAL ASSETS LESS CURRENT LIABILITIES 228,380 18,825
Creditors: Amounts Falling Due After More Than One Year 9 (141,770 ) (18,485 )
NET ASSETS 86,610 340
CAPITAL AND RESERVES
Called up share capital 2 2
Income Statement 86,608 338
SHAREHOLDERS' FUNDS 86,610 340
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 25 April 2025 and were signed on its behalf by:
David Foster
Director
25/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beyond Signage Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI073580. The registered office is Unit 6, 75 Woodburn Road, Carrickfergus, BT38 8PS, Northern Ireland.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (15% Straight Line).
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Freehold 10% Straight Line
Plant & Machinery 15% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Straight Line
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2.6. Stocks and Work in Progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Government Grant
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
2.9. Presentational currency
The accounts are presented in £ sterling.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 9)
11 9
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 7,030
As at 31 August 2024 7,030
Amortisation
As at 1 September 2023 3,900
Provided during the period 1,055
As at 31 August 2024 4,955
Net Book Value
As at 31 August 2024 2,075
As at 1 September 2023 3,130
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2023 5,900 116,679 29,003 38,644 190,226
Additions - 123,971 54,349 1,323 179,643
As at 31 August 2024 5,900 240,650 83,352 39,967 369,869
Depreciation
As at 1 September 2023 639 93,381 25,303 35,706 155,029
Provided during the period 590 14,859 7,098 779 23,326
As at 31 August 2024 1,229 108,240 32,401 36,485 178,355
Net Book Value
As at 31 August 2024 4,671 132,410 50,951 3,482 191,514
As at 1 September 2023 5,261 23,298 3,700 2,938 35,197
6. Stocks
2024 2023
£ £
Stock 40,000 32,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,867 82,607
Other debtors 32,593 30,929
77,460 113,536
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,146 2,831
Trade creditors 102,571 60,255
Bank loans and overdrafts 9,416 16,982
Other creditors 25,768 24,159
Taxation and social security 68,261 72,984
237,162 177,211
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 132,062 -
Bank loans 9,708 18,485
141,770 18,485
Bank loan secured as follows:
Fixed and floating charge over the property and undertaking of the company.
10. Related Party Transactions
Included in other debtors are amounts owed from other related parties of £ 17,812 (2022: £21,812).
All amounts are interest-free and repayable on demand.
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