Company Registration No. 01824713 (England and Wales)
DISPLAY SIGNS LIMITED
Unaudited accounts
for the year ended 30 September 2024
DISPLAY SIGNS LIMITED
Unaudited accounts
Contents
DISPLAY SIGNS LIMITED
Company Information
for the year ended 30 September 2024
Directors
George Rumball
Thomas Board
Company Number
01824713 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Guida Accountancy Ltd
14 Southwold Crescent
Benfleet
Essex
SS7 5SW
DISPLAY SIGNS LIMITED
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
41,128
19,099
Creditors: amounts falling due within one year
(325,174)
(89,304)
Net current assets
126,439
54,604
Total assets less current liabilities
208,360
54,604
Creditors: amounts falling due after more than one year
(205,766)
(33,434)
Called up share capital
100
100
Profit and loss account
2,494
21,070
Shareholders' funds
2,594
21,170
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by
Thomas Board
Director
Company Registration No. 01824713
DISPLAY SIGNS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
DISPLAY SIGNS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01824713. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/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 fiow to the entity;
and specific criteria have been met for each of the company's activities
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FlFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable. direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. lf stocks are impaired, the carryings amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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:
Plant & machinery
15% straight line
Motor vehicles
25-50% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
DISPLAY SIGNS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
At 30 September 2024
7,719
At 30 September 2024
1,287
At 30 September 2024
6,432
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
-
-
-
-
-
Additions
76,171
4,233
2,431
8,328
91,163
At 30 September 2024
76,171
4,233
2,431
8,328
91,163
Charge for the year
11,481
2,116
594
1,483
15,674
At 30 September 2024
11,481
2,116
594
1,483
15,674
At 30 September 2024
64,690
2,117
1,837
6,845
75,489
DISPLAY SIGNS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
154,813
93,589
Amounts due from group undertakings etc.
11,030
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
213,422
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
81,912
5,168
Obligations under finance leases and hire purchase contracts
16,667
-
Trade creditors
106,968
40,475
Amounts owed to group undertakings and other participating interests
3,419
-
Taxes and social security
13,875
7,290
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
69,444
-
Aggregate of amounts that fall due for payment after five years
11,053
13,435
9
Operating lease commitments
2024
2023
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,333
-
Later than one year and not later than five years
37,717
-
Display Signs Limited is a wholly owned subsidiary Thomas George Holdings Limited, registered office 71-75 Shelton Street, London WC2H 9JQ.
DISPLAY SIGNS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
11
Average number of employees
During the year the average number of employees was 12 (2023: 10).