| Nowsignage Ltd |
| Registered number: |
08424626 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
199,176 |
|
|
175,884 |
| Tangible assets |
4 |
|
|
13,575 |
|
|
11,049 |
|
|
|
|
212,751 |
|
|
186,933 |
|
| Current assets |
| Debtors |
5 |
|
1,126,338 |
|
|
459,921 |
| Cash at bank and in hand |
|
|
329,700 |
|
|
76,369 |
|
|
|
1,456,038 |
|
|
536,290 |
|
| Creditors: amounts falling due within one year |
6 |
|
(880,764) |
|
|
(411,545) |
|
| Net current assets |
|
|
|
575,274 |
|
|
124,745 |
|
| Total assets less current liabilities |
|
|
|
788,025 |
|
|
311,678 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(435,232) |
|
|
(146,000) |
|
|
|
| Net assets |
|
|
|
352,793 |
|
|
165,678 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5 |
|
|
5 |
| Profit and loss account |
|
|
|
352,788 |
|
|
165,673 |
|
| Shareholders' funds |
|
|
|
352,793 |
|
|
165,678 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Nicholas Johnson |
| Director |
| Approved by the board on 24 September 2025 |
|
| Nowsignage Ltd |
| 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 the rendering of services. 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided evenly over 5 years, the term over which the Directors believe equal to the life of the asset. |
|
|
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: |
|
|
Computer equipment |
over 3 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss. |
|
|
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 |
18 |
|
11 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
R&D Project |
|
|
Cost |
|
At 1 April 2024 |
411,459 |
|
Additions |
99,546 |
|
At 31 March 2025 |
511,005 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
235,575 |
|
Provided during the year |
76,254 |
|
At 31 March 2025 |
311,829 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
199,176 |
|
At 31 March 2024 |
175,884 |
|
|
|
|
|
|
|
|
|
|
Development costs of NowSignage projects have been deferred to future periods. The Directors believe the projects are clearly defined, with identifiable expenditure and the outcomes have been assessed as having a more than reasonable certainty. The costs are not expected to exceed future sales. Completed projects are amortised over an expected useful life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer equipment |
| £ |
|
Cost |
|
At 1 April 2024 |
29,593 |
|
Additions |
15,074 |
|
At 31 March 2025 |
44,667 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
18,544 |
|
Charge for the year |
12,548 |
|
At 31 March 2025 |
31,092 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
13,575 |
|
At 31 March 2024 |
11,049 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,099,536 |
|
434,137 |
|
Other debtors |
26,802 |
|
25,784 |
|
|
|
|
|
|
1,126,338 |
|
459,921 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
71,393 |
|
29,159 |
|
Other taxes and social security costs |
184,906 |
|
97,057 |
|
Other creditors |
624,465 |
|
285,329 |
|
|
|
|
|
|
880,764 |
|
411,545 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
435,232 |
|
146,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Mr Neil Pickstone and Mrs Elizabeth Pickstone have loaned at 31 March 2025 £435,232 interest free and repayable on demand to the company (2024 £146,000). Mrs Elizabeth Pickstone is a director. |
|
|
At 31 March 2024 Mr N Johnson, a director owed £7,000 to the company. The loan was repaid in full in December 2024. |
|
|
| 9 |
Controlling party |
|
|
The company is owned and controlled by the shareholders. |
|
|
| 10 |
Other information |
|
|
Nowsignage Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Landmark House |
|
Station Road |
|
Cheadle Hulme |
|
Stockport |
|
SK8 7BS |