REGISTERED NUMBER: 01597410 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

COBAL SIGN SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Philip Charles Ball

Lisa Maria Ball

SECRETARY:

Lisa Maria Ball

REGISTERED OFFICE:

Brookway

Hambridge Lane

Newbury

Berkshire

RG14 5PE

REGISTERED NUMBER:

01597410 (England and Wales)

FIXED ASSETS

Tangible assets

4

317,421

63,961

CURRENT ASSETS

Stocks and work in progress

117,840

198,170

Debtors

5

333,044

351,989

Cash at bank and in hand

102,170

316,295

553,054

866,454

CREDITORS

Amounts falling due within one year

6

(382,991

)

(504,713

)

NET CURRENT ASSETS

170,063

361,741

TOTAL ASSETS LESS CURRENT LIABILITIES

487,484

425,702

CREDITORS

Amounts falling due after more than one year

7

(228,392

)

(76,499

)

NET ASSETS

259,092

349,203

CAPITAL AND RESERVES

Called up share capital

9

18,072

18,072

Share premium

10,505

10,505

Capital redemption reserve

6,928

6,928

Retained earnings

223,587

313,698

SHAREHOLDERS' FUNDS

259,092

349,203

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

Philip Charles Ball - Director

1.	STATUTORY INFORMATION

COBAL SIGN SYSTEMS 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Plant and machinery -20% on cost (HP Assets) and 15% Reducing balance

Fixtures and fittings -20% on cost

Motor vehicles -35% Reducing balance

Computer & office equipment -35% Reducing balance

Stocks

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 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.

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.

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 24 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

14,407

162,577

3,916

Additions

-

284,500

-

At 31 December 2024

14,407

447,077

3,916

DEPRECIATION

At 1 January 2024

14,407

120,823

3,916

Charge for year

-

20,128

-

At 31 December 2024

14,407

140,951

3,916

NET BOOK VALUE

At 31 December 2024

-

306,126

-

At 31 December 2023

-

41,754

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

47,023

71,310

299,233

Additions

-

1,208

285,708

At 31 December 2024

47,023

72,518

584,941

DEPRECIATION

At 1 January 2024

38,604

57,522

235,272

Charge for year

4,800

7,320

32,248

At 31 December 2024

43,404

64,842

267,520

NET BOOK VALUE

At 31 December 2024

3,619

7,676

317,421

At 31 December 2023

8,419

13,788

63,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

19,995

Additions

284,500

At 31 December 2024

304,495

DEPRECIATION

At 1 January 2024

11,997

Charge for year

11,380

At 31 December 2024

23,377

NET BOOK VALUE

At 31 December 2024

281,118

At 31 December 2023

7,998

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

305,506

293,911

Prepayments

27,538

58,078

333,044

351,989

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

49,000

49,000

Hire purchase contracts

59,899

4,499

Trade creditors

104,326

165,711

Social security and other taxes

31,293

14,370

VAT

54,780

92,711

Other creditors

263

41,904

Accrued expenses

83,430

136,518

382,991

504,713

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans more 5 yr by instal

24,500

73,500

Hire purchase contracts

203,892

2,999

228,392

76,499

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

24,500

73,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

73,500

122,500

The bank has a fixed and floating charge against the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

18,072

Ordinary

1

18,072

18,072

10.	PENSION COMMITMENTS

The company operates defined contributions pension schemes for its directors & employees. The contributions to all schemes are held in separably administered funds. During the year the company made total contributions of £17,290 (2023 £22,743) to the funds, of which £6,398 (2023 £5,031) were outstanding at the year end.

11.	OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases which are not included in the balance sheet of £27,520 (2023 £51,375).