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REGISTERED NUMBER: 03666793 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SIGNCOMP EUROPE LIMITED

SIGNCOMP EUROPE LIMITED (REGISTERED NUMBER: 03666793)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIGNCOMP EUROPE LIMITED

Company Information
for the year ended 31 December 2024







Directors: B J Purton
T Purton





Registered office: Signcomp House
Blatchford Road
Horsham
West Sussex
RH13 5QR





Registered number: 03666793 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

SIGNCOMP EUROPE LIMITED (REGISTERED NUMBER: 03666793)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 27,748 46,492

Current assets
Stocks 5 655,020 570,877
Debtors 6 1,141,784 1,041,836
Cash at bank 25,698 27,366
1,822,502 1,640,079
Creditors
Amounts falling due within one year 7 720,939 459,863
Net current assets 1,101,563 1,180,216
Total assets less current liabilities 1,129,311 1,226,708

Creditors
Amounts falling due after more than one
year

8

(19,575

)

(48,109

)

Provisions for liabilities 11 (6,937 ) (11,623 )
Net assets 1,102,799 1,166,976

Capital and reserves
Called up share capital 12 100 100
Retained earnings 1,102,699 1,166,876
Shareholders' funds 1,102,799 1,166,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:




T Purton - Director


SIGNCOMP EUROPE LIMITED (REGISTERED NUMBER: 03666793)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Signcomp Europe Limited 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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 - 33% on cost and 20% on cost
Fixtures and fittings - 33% 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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


SIGNCOMP EUROPE LIMITED (REGISTERED NUMBER: 03666793)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 January 2024 111,980 12,698 124,678
Additions 322 1,404 1,726
At 31 December 2024 112,302 14,102 126,404
Depreciation
At 1 January 2024 68,673 9,513 78,186
Charge for year 19,164 1,306 20,470
At 31 December 2024 87,837 10,819 98,656
Net book value
At 31 December 2024 24,465 3,283 27,748
At 31 December 2023 43,307 3,185 46,492

5. Stocks
2024 2023
£ £
Stocks 655,020 570,877

SIGNCOMP EUROPE LIMITED (REGISTERED NUMBER: 03666793)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 535,016 460,222
Amounts owed by group undertakings 552,697 550,818
Other debtors 54,071 30,796
1,141,784 1,041,836

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 255,866 189,143
Trade creditors 282,539 117,773
Taxation and social security 150,813 122,705
Other creditors 31,721 30,242
720,939 459,863

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 17,810 25,168
Other creditors 1,765 22,941
19,575 48,109

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 83,088 84,706
Between one and five years 114,060 197,149
197,148 281,855

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Commercial finance loan 58,024 267,252

11. Provisions for liabilities
2024 2023
£ £
Deferred tax 6,937 11,623

Deferred tax
£
Balance at 1 January 2024 11,623
Provided during year (4,686 )
Balance at 31 December 2024 6,937

SIGNCOMP EUROPE LIMITED (REGISTERED NUMBER: 03666793)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

13. Directors' advances, credits and guarantees

At the beginning of the year, the director owed the company £nil and as of 31 December 2024, the director loan account balance is £20,089.

14. Related party disclosures

Signcomp Holdings Limited
During the year Signcomp Holdings Limited, maintained their loan to the company. As at 31 December 2024, Signcomp Holdings Limited owed £552,697 (2023: £550,818). The amount is interest free and repayable on demand.

15. Ultimate controlling party

The ultimate controlling party is B J Purton.

This is by virtue of his 100% holding in the parent company Signcomp Holdings Limited.