BRIGGS SIGNS AND GRAPHICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Briggs

Mrs S Briggs

REGISTERED OFFICE:

Fairfax House, 6A Mill Field Road

Cottingley Business Park

Cottingley

BINGLEY

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

07549992 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

65,052

64,311

CURRENT ASSETS

Stocks

42,875

41,215

Debtors

5

90,450

88,122

Cash at bank and in hand

206

1,805

133,531

131,142

CREDITORS

Amounts falling due within one year

6

129,964

116,176

NET CURRENT ASSETS

3,567

14,966

TOTAL ASSETS LESS CURRENT LIABILITIES

68,619

79,277

CREDITORS

Amounts falling due after more than one year

7

(56,041

)

(67,747

)

PROVISIONS FOR LIABILITIES

8

(12,180

)

(10,922

)

NET ASSETS

398

608

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

298

508

SHAREHOLDERS' FUNDS

398

608

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

S Briggs - Director

1.	STATUTORY INFORMATION

Briggs Signs and Graphics 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.

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

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% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2023

10,755

89,163

2,690

Additions

2,325

9,783

422

At 31 March 2024

13,080

98,946

3,112

DEPRECIATION

At 1 April 2023

1,666

38,012

2,295

Charge for year

1,818

8,870

163

At 31 March 2024

3,484

46,882

2,458

NET BOOK VALUE

At 31 March 2024

9,596

52,064

654

At 31 March 2023

9,089

51,151

395

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2023

36,200

9,935

148,743

Additions

-

-

12,530

At 31 March 2024

36,200

9,935

161,273

DEPRECIATION

At 1 April 2023

32,551

9,908

84,432

Charge for year

912

26

11,789

At 31 March 2024

33,463

9,934

96,221

NET BOOK VALUE

At 31 March 2024

2,737

1

65,052

At 31 March 2023

3,649

27

64,311

The net book value of tangible fixed assets includes £ 6,214 (2023 - £ 7,767 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

39,380

36,534

Other debtors

762

-

Directors' current accounts

36,490

37,770

Tax

13,818

13,818

90,450

88,122

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans and overdrafts

14,467

10,902

Hire purchase contracts

-

2,877

Trade creditors

16,858

19,141

Tax

3,329

-

Social security and other taxes

6,494

3,044

Net pay creditor

2,489

-

VAT

32,952

27,507

Other creditors

49,770

50,975

Accrued expenses

3,605

1,730

129,964

116,176

Loans from directors are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans - 1-2 years

13,149

11,055

Bank loans - 2-5 years

35,407

39,562

Bank loans more 5 yr by instal

7,485

17,130

56,041

67,747

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,485

17,130

8.	PROVISIONS FOR LIABILITIES

31.3.24

31.3.23

£

£

Deferred tax

12,180

10,922

Deferred

tax

£

Balance at 1 April 2023

10,922

Accelerated Capital Allowances

1,258

Losses carried forward

Balance at 31 March 2024

12,180

The entire provision for deferred taxation is in respect of accelerated capital allowances.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.24

31.3.23

value:

£

£

100

Ordinary

£1.00

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24

31.3.23

£

£

S Briggs and Mrs S Briggs

Balance outstanding at start of year

37,771

15,263

Amounts advanced

43,060

31,924

Amounts repaid

(44,342

)

(9,416

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,489

37,771

The directors' loan account was repaid by a dividend within 9 months of the year end date.

11.	ULTIMATE CONTROLLING PARTY

Mr S Briggs has a beneficial interest in 80% of the issued share capital and therefore controls the company.