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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
Page
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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
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DISPLAY SIGNS LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,432 
- 
Tangible assets
75,489 
- 
81,921 
- 
Current assets
Inventories
31,220 
31,220 
Debtors
379,265 
93,589 
Cash at bank and in hand
41,128 
19,099 
451,613 
143,908 
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)
Net assets
2,594 
21,170 
Capital and reserves
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
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DISPLAY SIGNS LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue Recognition
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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DISPLAY SIGNS LIMITED Notes to the Accounts for the year ended 30 September 2024
Leased assets
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.
Financial instruments
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 
£ 
Cost
At 1 October 2023
- 
Additions
7,719 
At 30 September 2024
7,719 
Amortisation
At 1 October 2023
- 
Charge for the year
1,287 
At 30 September 2024
1,287 
Net book value
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 
Depreciation
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 
Net book value
At 30 September 2024
64,690 
2,117 
1,837 
6,845 
75,489 
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DISPLAY SIGNS LIMITED Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
154,813 
93,589 
Amounts due from group undertakings etc.
11,030 
- 
165,843 
93,589 
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 
VAT
6,361 
20,005 
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 
Other creditors
54,420 
- 
Accruals
41,552 
16,366 
325,174 
89,304 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,989 
33,434 
Obligations under finance leases and hire purchase contracts
69,444 
- 
Other creditors
108,333 
- 
205,766 
33,434 
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 
- 
71,050 
- 
10
Controlling party
Display Signs Limited is a wholly owned subsidiary Thomas George Holdings Limited, registered office 71-75 Shelton Street, London WC2H 9JQ.
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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).
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