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REGISTERED NUMBER: 01438790 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Allen Signs Limited

Allen Signs Limited (Registered number: 01438790)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allen Signs Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D J Allen
Mrs H Allen
G Merryweather





SECRETARY: Mrs H Allen





REGISTERED OFFICE: Waddington House
Whisby Way
Lincoln
LN6 3LQ





REGISTERED NUMBER: 01438790 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Allen Signs Limited (Registered number: 01438790)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,311 156,890

CURRENT ASSETS
Stocks 24,157 14,927
Debtors 5 250,201 335,713
Cash at bank and in hand 25,192 6,840
299,550 357,480
CREDITORS
Amounts falling due within one year 6 403,711 390,678
NET CURRENT LIABILITIES (104,161 ) (33,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,150

123,692

CREDITORS
Amounts falling due after more than one
year

7

(130,910

)

(83,811

)

PROVISIONS FOR LIABILITIES (15,425 ) (29,747 )
NET (LIABILITIES)/ASSETS (20,185 ) 10,134

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings (30,185 ) 134
SHAREHOLDERS' FUNDS (20,185 ) 10,134

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

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

Allen Signs Limited (Registered number: 01438790)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:




D J Allen - Director



Mrs H Allen - Director


Allen Signs Limited (Registered number: 01438790)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Allen Signs 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.

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.

The financial statements have been prepared on a going concern basis on the grounds that the directors will continue to support the company.

Turnover
Revenue represents the fair value of the consideration received or receivable for sign manufacture services and sales, net of trade discounts and value added tax. Revenue is recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 20% reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 20% reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Allen Signs Limited (Registered number: 01438790)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 11,709 157,599 6,602
Additions - 112,623 -
Disposals - - -
At 31 October 2024 11,709 270,222 6,602
DEPRECIATION
At 1 November 2023 9,544 141,308 1,412
Charge for year 433 3,257 1,038
Eliminated on disposal - - -
At 31 October 2024 9,977 144,565 2,450
NET BOOK VALUE
At 31 October 2024 1,732 125,657 4,152
At 31 October 2023 2,165 16,291 5,190

Allen Signs Limited (Registered number: 01438790)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 161,620 222,964 560,494
Additions - 365 112,988
Disposals (22,803 ) - (22,803 )
At 31 October 2024 138,817 223,329 650,679
DEPRECIATION
At 1 November 2023 80,537 170,803 403,604
Charge for year 19,705 10,510 34,943
Eliminated on disposal (18,179 ) - (18,179 )
At 31 October 2024 82,063 181,313 420,368
NET BOOK VALUE
At 31 October 2024 56,754 42,016 230,311
At 31 October 2023 81,083 52,161 156,890


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,628 246,679
Amounts owed by group undertakings 43 43
Amounts recoverable on contracts 58,024 64,491
Other debtors 23,506 24,500
250,201 335,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,900 9,900
Hire purchase contracts 39,385 18,797
Trade creditors 142,923 124,808
Taxation and social security 44,925 46,486
Other creditors 166,578 190,687
403,711 390,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 17,711 26,033
Hire purchase contracts 113,199 57,778
130,910 83,811

Allen Signs Limited (Registered number: 01438790)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 27,611 35,933
Hire purchase contracts 152,584 76,575
180,195 112,508

The Bounce Back Loan scheme is secured against a guarantee by the bank in which the bank guarantees the repayment of the loan if the client was to default on this loan.

The hire purchase liabilities are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000