Company Registration No. SC239493 (Scotland)
The Sign Centre (Scotland) Limited
Unaudited accounts
for the year ended 31 January 2025
The Sign Centre (Scotland) Limited
Unaudited accounts
Contents
The Sign Centre (Scotland) Limited
Company Information
for the year ended 31 January 2025
Directors
J Dormer
M Fraser
Company Number
SC239493 (Scotland)
Registered Office
33 Harbour Road
Inverness
IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
The Sign Centre (Scotland) Limited
Statement of financial position
as at 31 January 2025
Tangible assets
21,180
17,247
Cash at bank and in hand
5,174
5,947
Creditors: amounts falling due within one year
(96,352)
(124,079)
Net current assets
20,718
14,624
Total assets less current liabilities
41,898
31,871
Creditors: amounts falling due after more than one year
(41,316)
(33,576)
Provisions for liabilities
Deferred tax
(2,556)
(1,641)
Net liabilities
(1,974)
(3,346)
Called up share capital
2,000
2,000
Profit and loss account
(3,974)
(5,346)
Shareholders' funds
(1,974)
(3,346)
For the year ending 31 January 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
J Dormer
Director
Company Registration No. SC239493
The Sign Centre (Scotland) Limited
Notes to the Accounts
for the year ended 31 January 2025
The Sign Centre (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC239493. The registered office is 33 Harbour Road, Inverness, IV2 3BL.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
15%-33% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The Sign Centre (Scotland) Limited
Notes to the Accounts
for the year ended 31 January 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the beenefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
At 31 January 2025 the company had net liabilities of £1,974 (2024 - £3,346). The financial statements have been prepared on the going concern basis on the grounds that the company has adequate funding in place to meet its needs for the coming year.
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Intangible fixed assets
Total
5
Tangible fixed assets
Total
At 1 February 2024
147,188
At 31 January 2025
102,037
At 1 February 2024
129,941
The Sign Centre (Scotland) Limited
Notes to the Accounts
for the year ended 31 January 2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
6
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
101,549
134,140
Included in other debtors is a loan to the director M Fraser and his spouse for £6,424 (2024 - £7,424). The loan is interest free, has no terms of repayment and is unsecured.
Included in other debtors is a loan to the director J Dormer and his spouse for £40,265 (2024 - £39,921). The loan attracts interest at the official rate of interest, has no terms of repayment and is unsecured.
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Average number of employees
During the year the average number of employees was 8 (2024: 8).