GSB Signs Limited - Filleted accounts

Registered number

03693009

GSB Signs Limited

Filleted Accounts

31 March 2025

GSB Signs Limited
Registered number:		03693009
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		175,397			202,388

Current assets
Debtors	4	124,038			234,545
Cash at bank and in hand		309,051			352,974
		433,089			587,519

Creditors: amounts falling due within one year	5	(138,748)			(179,685)

Net current assets			294,341			407,834

Total assets less current liabilities			469,738			610,222

Creditors: amounts falling due after more than one year	6		(67,857)			(97,226)

Provisions for liabilities			(43,438)			(50,147)


Net assets			358,443			462,849

Capital and reserves
Called up share capital			120			120
Profit and loss account			358,323			462,729

Shareholders' funds			358,443			462,849

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gary Shaw-Binns
Director
Approved by the board on 13 September 2025

GSB Signs Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	25% reducing balance
	Plant and machinery	10% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			16		15


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	281,898		145,047		426,945
	Additions	705		-		705
	At 31 March 2025	282,603		145,047		427,650

	Depreciation
	At 1 April 2024	128,888		95,669		224,557
	Charge for the year	15,352		12,344		27,696
	At 31 March 2025	144,240		108,013		252,253

	Net book value
	At 31 March 2025	138,363		37,034		175,397
	At 31 March 2024	153,010		49,378		202,388


4	Debtors			2025		2024
£					£

	Trade debtors			124,038		233,920
	Other debtors			-		625
				124,038		234,545


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,000		10,000
	Obligations under finance lease and hire purchase contracts			20,589		19,434
	Trade creditors			39,523		53,247
	Taxation and social security costs			63,169		91,767
	Other creditors			5,467		5,237
				138,748		179,685


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,231		11,667
	Obligations under finance lease and hire purchase contracts			65,626		85,559
				67,857		97,226


7	Other information

	GSB Signs Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Appleton Village
	Widnes
	Cheshire
	WA8 6EQ