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Registered number: 07596763
GK Signs & Screenprint Limited
ACCOUNTS
FOR THE 427 DAY PERIOD ENDED 31/12/2024
Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS
GK Signs & Screenprint Limited
ACCOUNTS
FOR THE 427 DAY PERIOD ENDED 31/12/2024
DIRECTORS
Chris Rundle
SECRETARY
Chris Rundle
REGISTERED OFFICE
1 Oaktree Place
Marsh Barton Trading Estate
Exeter
EX2 8WA
EX2 8WA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07596763
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS
GK Signs & Screenprint Limited
ACCOUNTS
FOR THE427 DAY PERIODENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
GK Signs & Screenprint Limited
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2899,6281,141,964
CURRENT ASSETS
Stock345,177207,646
Debtors41,040,0041,938,347
Cash at bank and in hand2,034,9491,113,289
3,420,1303,259,282
CREDITORS: Amounts falling due within one year51,132,8681,907,477
NET CURRENT ASSETS2,287,2621,351,805
TOTAL ASSETS LESS CURRENT LIABILITIES3,186,8902,493,769
CREDITORS: Amounts falling due after more than one year61,673,910957,203
PROVISIONS FOR LIABILITIES AND CHARGES8147,754152,250
NET ASSETS1,365,2261,384,316
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account1,365,2251,384,315
SHAREHOLDERS' FUNDS1,365,2261,384,316
For the year ending 31/12/2024 the company was entitled to exemption 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2025 and signed on their behalf by
.............................
Chris Rundle
Director
GK Signs & Screenprint Limited
NOTES TO THE ACCOUNTS
FOR THE 427 DAY PERIOD ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e.
GK Signs & Screenprint Limited
2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsEquipmentMotor CarsTotal
£££££££
Cost
At 01/11/2023196,6801,796,26579,823280,519358,779150,8342,862,900
Additions17,828-67,250-58,079-143,157
Disposals-(308,053)(33)(265,045)(97,711)(25,509)(696,351)
At 31/12/2024214,5081,488,212147,04015,474319,147125,3252,309,706
Depreciation
At 01/11/2023-1,114,47374,802181,948224,388125,3251,720,936
Disposals-(303,324)(33)(176,417)(97,711)(7,676)(585,161)
For the 427 day period-208,32614,9182,32041,0637,676274,303
At 31/12/2024-1,019,47589,6877,851167,740125,3251,410,078
Net Book Amounts
At 31/12/2024214,508468,73757,3537,623151,407-899,628
At 31/10/2023196,680681,7925,02198,571134,39125,5091,141,964
3. STOCK 20242023
££
Stock comprises:
Stock329,84872,342
Work in progress15,329135,304
345,177207,646
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors604,6971,371,254
Other debtors214481,431
Prepayments101,14085,662
Directors current account333,953-
1,040,0041,938,347
The overdrawn director's loan account of £333,953 was cleared before 30/09/2025 and the account is in credit
GK Signs & Screenprint Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax112,155200,387
VAT230,664236,802
PAYE control10,43023,477
Salaries and wages control13,308-
Bank loans and overdrafts-11,796
Credit cards-3,610
Trade creditors724,010935,690
Pension schemes4,7625,483
Accruals37,5396,000
Deferred income-482,219
1,132,8681,905,464
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr1,341,867403,196
Finance Leases >1yr332,043554,007
1,673,910957,203
7. EMPLOYEES
20242023
No.No.
Average number of employees3534
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation147,754135,252
Bad Debts-16,998
147,754152,250
GK Signs & Screenprint Limited
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11
10. CAPITAL GRANTS RECEIVED
Grants are amortised straight line over 10 years in line with the treatment of plant and machinery