| REGISTERED NUMBER: |
| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| STOCKSIGNS LIMITED |
| REGISTERED NUMBER: |
| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| STOCKSIGNS LIMITED |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Strategic Report | 2 |
| Report of the Directors | 3 |
| Report of the Independent Auditors | 4 |
| Income Statement | 6 |
| Other Comprehensive Income | 7 |
| Balance Sheet | 8 |
| Statement of Changes in Equity | 9 |
| Notes to the Financial Statements | 10 |
| STOCKSIGNS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Registered Auditors |
| 5-9 Eden Street |
| Kingston-upon-Thames |
| Surrey |
| KT1 1BQ |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| STRATEGIC REPORT |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The directors present their strategic report for the year ended 31 December 2024. |
| REVIEW OF BUSINESS |
| The principle activity of the company during the year was that of manufacturer and seller of signs. |
| Stocksigns was formed on 7th November 1955 and has now been making signs for over 67 years. The Company has a number of different product ranges: |
| 1. A range of over 30,000 health and safety signs available for next day delivery; |
| 2. A range of print on demand temporary signage for the construction industry; |
| 3. Bespoke custom made signs which are printed to the customer's requirements. |
| Stocksigns continues to refocus its business on its core competencies of health and safety signage. We continue to focus on exceptional personal service and quality which has resulted in a high level of repeat business, a high customer satisfaction and a 5 Star Trust Pilot Score. |
| Stocksigns resolute focus on quality is supported in part by the accredited ISO: 9001 Quality Management system. The management team are incredibly proud of the service they deliver and this has been widely acknowledged by key customers. The Quality Management ISO is complimented by the ISO:14001 Environmental Management Systems and the ISO:45001 Health and Safety Standard. |
| Stocksigns continues to embrace a proactive ESG positioning, one which is reaping benefits in terms of attracting new customers, but also retaining staff and driving productivity. Stocksigns have already achieved carbon neutrality and are striving for net zero by 2030. |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| The Board is responsible for carrying out an assessment of the principle risks affecting Stocksigns Limited in order to preserve the value, assets and reputation of the company. The key risks are set out below: |
| 1. Economic Risk |
| The company is exposed to the UK economy, including uncertainties over Ukraine/ Russia conflict and inflationary pressures. These factors have had an impact on the company's performance as well as customers and suppliers. |
| 2. Customer Risk |
| Competitive pressures are making customers look at lowest cost suppliers making the market highly competitive. The Company continues to progress in this highly competitive marketplace with a focus on quality and customer service. |
| Providing credit to customers can lead to the risk of non-payment. The company has a rigorous checking process to minimise this risk. The company has a large number of customers and is not over-reliant on one, which also helps reduce the risk of significant bad debts. |
| 3. Financial Risk |
| The Company finances are supported by its holding company, British and Foreign Wharf Company Limited, who have guaranteed the overdraft facility and have confirmed their support for the foreseeable future. |
| 4. Property Risk |
| The market value of the property can vary as a result of changes to economic conditions. |
| ON BEHALF OF THE BOARD: |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The directors present their report with the financial statements of the company for the year ended 31 December 2024. |
| DIVIDENDS |
| No dividends will be distributed for the year ended 31 December 2024. |
| DIRECTORS |
| The following directors who served during the year were: |
| G S Pitt |
| J B Leathers |
| D J Adamson |
| FINANCIAL INSTRUMENTS |
| The entity's financial instruments and risk management policies and objectives are set out in the Group accounts of the Holding Company. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
| AUDITORS |
| The auditors, Collards, Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| STOCKSIGNS LIMITED |
| Opinion |
| We have audited the financial statements of Stocksigns Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| STOCKSIGNS LIMITED |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and, considered the risk of acts by Management which were contrary to applicable laws and regulations, including fraud. We made enquiries of the Directors to obtain further understanding of risks of non-compliance. |
| We focused on laws and regulations that could give rise to a material misstatement in the financial statements. Our tests included, but were not limited to: |
| - agreement of the financial statement disclosures to underlying supporting documentation; |
| - enquiries of management regarding known or suspected instances of non-compliance with laws and regulations; |
| - review of minutes of the Board meetings throughout the year; and |
| - obtaining an understanding of the control environment in place to prevent and detect irregularities. |
| Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Registered Auditors |
| 5-9 Eden Street |
| Kingston-upon-Thames |
| Surrey |
| KT1 1BQ |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 920,726 | 909,323 |
| (60,361 | ) | (79,953 | ) |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income | 5 |
| 149,011 | 124,268 |
| Interest payable and similar expenses | 6 |
| PROFIT BEFORE TAXATION |
| Tax on profit | 7 |
| PROFIT FOR THE FINANCIAL YEAR |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| PROFIT FOR THE YEAR |
| OTHER COMPREHENSIVE INCOME |
| Revaluation of property |
| Income tax relating to other comprehensive income |
( |
) |
| OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 8 |
| Investments | 9 |
| CURRENT ASSETS |
| Stocks | 10 |
| Debtors | 11 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 12 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 13 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 15 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 16 |
| Revaluation reserve | 17 |
| Capital redemption reserve | 17 |
| Other reserves | 17 |
| Retained earnings | 17 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Called up |
| share | Retained | Revaluation |
| capital | earnings | reserve |
| £ | £ | £ |
| Balance at 1 January 2023 |
| Changes in equity |
| Profit for the year | - | 95,606 | - |
| Total comprehensive income | - |
| Balance at 31 December 2023 |
| Changes in equity |
| Profit for the year | - | 85,798 | - |
| Other comprehensive income | - | - |
| Total comprehensive income | - |
| Balance at 31 December 2024 |
| Capital |
| redemption | Other | Total |
| reserve | reserves | equity |
| £ | £ | £ |
| Balance at 1 January 2023 |
| Changes in equity |
| Profit for the year | - | - | 95,606 |
| Total comprehensive income |
| Balance at 31 December 2023 |
| Changes in equity |
| Profit for the year | - | - | 85,798 |
| Other comprehensive income | 1,179,506 |
| Total comprehensive income |
| Balance at 31 December 2024 |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Stocksigns Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Financial Reporting Standard 102 - reduced disclosure exemptions |
| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
| • | the requirements of Section 7 Statement of Cash Flows. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Stocksigns Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, British and Foreign Wharf Company Limited. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover comprises the invoiced value of goods supplied to customers net of Value Added Tax, adjusted for work in progress and uninvoiced sales which are recognised to the extent that they are due at the balance sheet date. |
| The turnover and pre-tax profit are wholly attributable to the company's main activity. A geographical analysis of turnover is not disclosed in these accounts. |
| Tangible fixed assets |
| Depreciation has been computed to write off the costs of property,plant and equipment over their useful lives using the following rates: |
| Freehold buildings - over 50 years from 1 January 2001 |
| Short leasehold property - over term of lease |
| Motor vehicles - 25% per annum |
| Plant and machinery - 12.5% and 15% per annum (factory) |
| - 20% to 50% per annum (computers) |
| Fixtures and fittings - 15% to 25% per annum |
| Office equipment -16.67% per annum |
| The Freehold properties have been included at Fair Value in accordance with Financial Reporting Standard 102. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are written off to reserves. |
| 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. |
| Government grants |
| Income from government and other grants, including the Corona Virus Job Retention Scheme Grant, whether 'capital' grants or 'revenue' grants is recognised when the Group has entitlement to those funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. |
| 3. | EMPLOYEES AND DIRECTORS |
| 2024 | 2023 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 2024 | 2023 |
| Office and administration | 4 | 5 |
| Sales and marketing | 10 | 10 |
| Production | 7 | 11 |
| 2024 | 2023 |
| £ | £ |
| Directors' remuneration |
| Directors' pension contributions to money purchase schemes |
| The number of directors to whom retirement benefits were accruing was as follows: |
| Money purchase schemes |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Depreciation - owned assets |
| Loss/(profit) on disposal of fixed assets | ( |
) |
| Auditors' remuneration |
| Foreign exchange differences | ( |
) |
| 5. | INTEREST RECEIVABLE AND SIMILAR INCOME |
| 2024 | 2023 |
| £ | £ |
| Interest receivable |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2024 | 2023 |
| £ | £ |
| Loan |
| 7. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 2024 | 2023 |
| £ | £ |
| Current tax: |
| UK corporation tax | ( |
) |
| Prior year tax | (27,777 | ) | - |
| Group tax charge | - | (31,952 | ) |
| Total current tax | ( |
) |
| Deferred tax |
| Tax on profit |
| Reconciliation of total tax charge included in profit and loss |
| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below: |
| 2024 | 2023 |
| £ | £ |
| Profit before tax |
| Profit multiplied by the standard rate of corporation tax in the UK of |
| Effects of: |
| Expenses not deductible for tax purposes |
| Capital allowances in excess of depreciation | - | ( |
) |
| Depreciation in excess of capital allowances | - |
| Adjustments to tax charge in respect of previous periods | ( |
) | ( |
) |
| Deferred tax | 38,517 | 55,168 |
| Profit on disposal of assets | 775 | (5,523 | ) |
| Total tax charge | 46,275 | 19,565 |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 7. | TAXATION - continued |
| Tax effects relating to effects of other comprehensive income |
| 2024 |
| Gross | Tax | Net |
| £ | £ | £ |
| Revaluation of property | (393,168 | ) | 1,179,506 |
| 8. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2024 |
| Additions |
| Revaluations |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2024 |
| Additions |
| Revaluations |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The freehold properties shown above include land and buildings shown at fair value. The properties were valued in December 2024 by Graves Jenkins. The results of the valuation indicated a material change in the value from the previous year which has been reflected above. |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 8. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 December 2024 is represented by: |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| Valuation in 2016 | 233,885 | - | - |
| Valuation in 2017 | 775,024 | - | - |
| Valuation in 2018 | (686,063 | ) | - | - |
| Valuation in 2025 | 1,572,674 | - | - |
| Cost | 3,623,048 | 920,229 | 382,498 |
| 5,518,568 | 920,229 | 382,498 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Valuation in 2016 | - | - | 233,885 |
| Valuation in 2017 | - | - | 775,024 |
| Valuation in 2018 | - | - | (686,063 | ) |
| Valuation in 2025 | - | - | 1,572,674 |
| Cost | 10,949 | 244,917 | 5,181,641 |
| 10,949 | 244,917 | 7,077,161 |
| 9. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: United Kingdom |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 9. | FIXED ASSET INVESTMENTS - continued |
| Registered office: United Kingdom |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Profit/(loss) for the year | ( |
) |
| From 1st October 2016 Stocksigns Limited accounts for the assets and liabilities of Messagemaker Displays Limited as the accounts of the two companies have been merged. The trading operations and the liabilities that remain legally those of Messagemaker Displays Limited are detailed in their own financial statements. |
| Registered office: United Kingdom |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves |
| Registered office: United Kingdom |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves |
| 10. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Raw materials |
| Finished goods |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments and accrued income |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts (see note 14) |
| Other loans (see note 14) |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| Included in Accruals and deferred income is £10,007 (2023 - £14,582) of warranty provision against completed work, billed and paid by customers. The warranty covers repair and maintenance of the signs sold. |
| 13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans (see note 14) |
| 14. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Other loans |
| Amounts falling due between one and two years: |
| Other loans - 1-2 years | 75,995 |
| Amounts falling due between two and five years: |
| Other loans - 2-5 years |
| 15. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Revaluation of freehold | 454,509 | 61,341 |
| 565,383 | 133,698 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2024 |
| Accelerated capital allowances | 38,517 |
| Revaluation of properties | 393,168 |
| Balance at 31 December 2024 |
| STOCKSIGNS LIMITED (REGISTERED NUMBER: 00556959) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 16. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 39,874 | 39,874 |
| Ordinary A | £1 | 52,848 | 52,848 |
| 92,722 | 92,722 |
| 17. | RESERVES |
| Capital |
| Retained | Revaluation | redemption | Other |
| earnings | reserve | reserve | reserves | Totals |
| £ | £ | £ | £ | £ |
| At 1 January 2024 | 3,066,059 |
| Profit for the year |
| Revaluation of Properties |
| At 31 December 2024 | 4,331,363 |
| 18. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held as individual employee funds and the charge in the accounts represents the amounts payable during the year. |
| 19. | ULTIMATE PARENT COMPANY |
| The company is a wholly owned subsidiary of British & Foreign Wharf Company Limited, a company incorporated in England and Wales. |
| 20. | CAPITAL COMMITMENTS |
| 2024 | 2023 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |