ABCV Creative Signs Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07826203

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		26,500		26,500
Tangible Assets	5		41,182		45,082

			67,682		71,582
CURRENT ASSETS
Stocks	6	34,789		40,250
Debtors	7	18,936		17,886
Cash at bank and in hand		71,213		79,965

		124,938		138,101
Creditors: Amounts Falling Due Within One Year	8	(169,742 )		(153,050 )

NET CURRENT ASSETS (LIABILITIES)			(44,804 )		(14,949 )

TOTAL ASSETS LESS CURRENT LIABILITIES			22,878		56,633

Creditors: Amounts Falling Due After More Than One Year	9		-		(15,876 )

NET ASSETS			22,878		40,757

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			22,868		40,747

SHAREHOLDERS' FUNDS			22,878		40,757

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ABCV Creative Signs Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account.

On behalf of the board

Mr Karoly Sendula

Director

10/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

ABCV Creative Signs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07826203 . The registered office is Ground floor, Mollison House, 43 Aden Road, Enfield, Middlesex, EN3 7SY.

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. Going Concern Disclosure

The worldwide coronavirus (COVID-19) pandemic developed rapidly during 2020. Nationwide measures taken to contain the virus have affected economic activity and although some businesses have felt a positive impact, the majority have been trading under challenging conditions.

Whilst the full impact of COVID-19 is not yet known, the directors have reviewed and considered relevant information in assessing the company’s ability to trade going forward, they have concluded that the financial statements should be prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20%
Computer Equipment	33%

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

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ABCV Creative Signs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 November 2023	26,500

As at 31 October 2024	26,500

Net Book Value
As at 31 October 2024	26,500

As at 1 November 2023	26,500

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2023	106,244	10,986	117,230
Disposals	(36,244 )	(2,986 )	(39,230 )

As at 31 October 2024	70,000	8,000	78,000

Depreciation
As at 1 November 2023	67,162	4,986	72,148
Provided during the period	3,500	400	3,900
Disposals	(36,244 )	(2,986 )	(39,230 )

As at 31 October 2024	34,418	2,400	36,818

Net Book Value
As at 31 October 2024	35,582	5,600	41,182

As at 1 November 2023	39,082	6,000	45,082

6. Stocks

	2024	2023
	£	£
Stock	11,000	2,000
Work in progress	23,789	38,250

	34,789	40,250

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	8,617	4,296
Prepayments and accrued income	4,625	7,896
Other debtors	5,694	5,694

	18,936	17,886

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ABCV Creative Signs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	16,283	8,103
Bank loans and overdrafts	16,167	10,648
Other taxes and social security	295	295
VAT	10,635	11,048
Other creditors	48,225	10,019
Accruals and deferred income	18,111	17,911
Director's loan account	60,026	95,026

	169,742	153,050

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	-	15,876

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10	10

11. Directors Advances, Credits and Guarantees

Included in other creditors, is a balance owed to the director of £60,026 (2023 £95,025). This balance is stated at its transactional value and not at its present value.

	As at 1 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2024
	£	£	£	£	£
Mr Karoly Sendula	95,025	35,000	-	-	65,026

The above loan is unsecured, interest free and repayable on demand.

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