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Registered number: SC530571
Rood Signs Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Rood Signs Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rood Signs Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Rood Signs Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rood Signs Limited and state those matters that we have agreed to state to the directors of Rood Signs Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rood Signs Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Rood Signs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rood Signs Limited . You consider that Rood Signs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rood Signs Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
14 August 2025
Nuvo Scotland Limited
Inverurie Business Hub
Unit 1, Offices 1 & 8
Blackhall Industrial Estate
Inverurie
AB51 4FS
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Page 2
Balance Sheet
Registered number: SC530571
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 731,166 666,481
731,166 666,481
CURRENT ASSETS
Stocks 5 69,733 70,799
Debtors 6 299,861 270,541
Cash at bank and in hand 54,638 27,083
424,232 368,423
Creditors: Amounts Falling Due Within One Year 7 (310,936 ) (370,310 )
NET CURRENT ASSETS (LIABILITIES) 113,296 (1,887 )
TOTAL ASSETS LESS CURRENT LIABILITIES 844,462 664,594
Creditors: Amounts Falling Due After More Than One Year 8 (388,422 ) (324,380 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,141 ) (30,126 )
NET ASSETS 406,899 310,088
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 405,899 309,088
SHAREHOLDERS' FUNDS 406,899 310,088
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For the year ending 31 March 2025 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.
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 K Murphy
Director
14 August 2025
The notes on pages 4 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rood Signs Limited is a private company, limited by shares, incorporated in Scotland, registered number SC530571 . The registered office is Stephen House Morrison Way, Kintore, Inverurie, AB51 0TH.
The presentation currency of the financial statements is the Pound Sterling (£).
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. 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.
2.3. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
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:
Leasehold 2% on cost
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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2.6. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 12)
8 12
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 568,725 119,188 114,945 4,767 807,625
Additions - 74,144 51,994 - 126,138
Disposals - (11,302 ) (45,877 ) - (57,179 )
As at 31 March 2025 568,725 182,030 121,062 4,767 876,584
Depreciation
As at 1 April 2024 22,749 55,115 59,432 3,848 141,144
Provided during the period 11,375 18,266 7,740 184 37,565
Disposals - (4,228 ) (29,063 ) - (33,291 )
As at 31 March 2025 34,124 69,153 38,109 4,032 145,418
Net Book Value
As at 31 March 2025 534,601 112,877 82,953 735 731,166
As at 1 April 2024 545,976 64,073 55,513 919 666,481
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 96,939 51,380
Motor Vehicles 81,306 26,363
178,245 77,743
5. Stocks
2025 2024
£ £
Stock 38,748 28,423
Work in progress 30,985 42,376
69,733 70,799
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 155,859 127,298
Prepayments and accrued income 759 -
Amounts owed by associates 143,243 143,243
299,861 270,541
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,212 20,206
Trade creditors 54,194 48,661
Bank loans and overdrafts 16,971 42,826
Other loans 40,357 75,000
Corporation tax 59,563 67,694
Other taxes and social security 6,187 5,414
VAT 42,507 40,040
Other creditors 3,459 3,223
Accruals and deferred income 206 1,556
Directors' loan accounts 55,280 65,690
310,936 370,310
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 90,486 19,572
Bank loans 6,666 23,638
Other loans 291,270 281,170
388,422 324,380
9. Secured Creditors
Of the creditors the following amounts are secured.
The company has granted a standard charge and floating charge in favour of Atom Bank PLC over the property known as Stephen House. Morrison Way, Kintore, AB51 0TH.
2025 2024
£ £
Bank loans and overdrafts 331,627 356,170
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 32,212 20,206
Later than one year and not later than five years 90,486 19,572
122,698 39,778
122,698 39,778
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 4,172 3,472
Later than one year and not later than five years 1,159 -
5,331 3,472
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Kenneth Murphy (39,358 ) 8,647 (2,112 ) - (32,822 )
Mrs Nicola Murphy (26,333 ) 4,288 (413 ) - (22,458 )
The above loans are interest free and have no set repayment terms.
13. Related Party Transactions
Bennachie Lodge Limited is a company under common control of the directors. 
Included within the accounts is a balance due to the company from Bennachie Lodge Limited of £143,243 (2024: £143,243)
14. Ultimate Controlling Party
The company's ultimate controlling parties are K & N Murphy by virtue of their combined ownership of 100% of the issued share capital in the company.
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