REGISTERED NUMBER: 02683286 (England and Wales)

OMEGA SIGNS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

to

4

Report of the Independent Auditors

5

to

8

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

to

14

Notes to the Financial Statements

15

to

23

DIRECTORS:

Mrs. M A Chapman

A P Stirling

D J Chapman

M R Timmermans

B Dennehy

C Norfolk

L Whale

SECRETARY:

A P Stirling

REGISTERED OFFICE:

Newmarket Approach

Leeds

LS9 0RJ

REGISTERED NUMBER:

02683286 (England and Wales)

AUDITORS:

Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

BANKERS:

HSBC Bank Plc

7 Prospect Crescent

Harrogate

North Yorkshire

HG1 1RN

The Directors are pleased to report the financial results for our year ending 31st December 2024.

The year saw the UK economy struggling to grow and this was reflected in our customer spending habits. Despite adding several new long-term contracts during the year, a number of our existing customers reduced programmes and planned works. Despite this, sales increased by a modest but satisfactory amount.

Strategically, we continue to move towards clients who have long term stability by operating in growing markets and also investing in diversification of the business into other value-added services. Our Maintenance division continues to grow and thrive, supporting our customers with an end-to-end solution.

The year was profitable, and a strong balance sheet maintained, and these results are an absolute credit to the strong management team who have performed exceptionally well in what continues to be a tough economic situation.

Although the economy remains challenging, we continue to invest in our people and the business to remain highly efficient and offer good value to our customers whilst maintaining our industry leading levels of quality and service.

2025 sees continued sales growth with many long-term contracts in place and the level of new business sales is also increasing. The outlook for the remainder of the year at time of writing is very positive.

Once again, we must acknowledge the extraordinary efforts our employees have made this year. They have once again stepped up to the challenges set and have surpassed all expectations. Our sincere thanks and appreciation goes out to them all.

PRINCIPAL RISKS AND UNCERTAINTIES

Price risk

The company mainly uses short term matched contracts with suppliers and customers to manage its exposure to variation in market prices. There are a small number of long-term contracts with customers where the majority of costs are incurred at an early stage minimizing the inherent risk in them.

Exchange rates

The company uses a combination of spot purchases and forward contracts to manage its exchange rate risk.

Credit risk

The company mainly trades with long standing customers. The nature of these relationships assists management with controlling credit risk in addition to normal credit management process.

Liquidity risk

Management control and monitor the company's cash flow on a regular basis including forecasting future cash values.

ON BEHALF OF THE BOARD:

D J Chapman - Director

9th September 2025

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITY

Design, manufacture and installation of signage.

DIVIDENDS

The total distribution of dividends for the period ended 31st December 2024 was £217,960 (2023: £131,216)

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

Mrs. M A Chapman

A P Stirling

D J Chapman

M R Timmermans

B Dennehy

C Norfolk

L Whale

FINANCIAL INSTRUMENTS

The company's financial statements comprise of borrowings such as secured loans, advance receipts in respect of the ordinary activities of the company, cash and liquid resources, finance leases and various other items such as trade debtors and trade creditors that also arise directly from its operations.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Thomas Coombs Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D J Chapman - Director

9th September 2025

Opinion

We have audited the financial statements of Omega Signs Limited (the 'company') for the year ended 31st December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to the Gambling Act 2005 and data protection. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, tax legislation and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We assessed the susceptibility of the company's financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls, and ensuring these controls operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships.

- Identified and tested journal entries and identified any significant transactions that were unusual or outside the normal course of business.

- Investigated the rationale behind significant or unusual transactions.

- Challenged assumptions and judgements made by management in determining significant accounting estimates.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

- Agreeing financial statements disclosures to underlying supporting documentation.

- Discussions with management of known or suspected instances of non-compliance with laws and regulations.

- Reading the minutes of meetings of those charged with governance.

- Reviewing relevant correspondence.

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from

error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart Adam FCA (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

9th September 2025

TURNOVER

13,756,042

13,184,848

Cost of sales

9,145,088

8,587,542

GROSS PROFIT

4,610,954

4,597,306

Administrative expenses

4,248,292

3,773,694

362,662

823,612

Other operating income

-

391

OPERATING PROFIT

4

362,662

824,003

Bad debts

5

44,291

41,899

318,371

782,104

Interest payable and similar expenses

6

97,147

81,547

PROFIT BEFORE TAXATION

221,224

700,557

Tax on profit

7

76,264

179,332

PROFIT FOR THE FINANCIAL YEAR

144,960

521,225

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

144,960

521,225

FIXED ASSETS

Tangible assets

9

1,162,288

970,400

Investments

10

10,000

10,000

1,172,288

980,400

CURRENT ASSETS

Stocks

11

1,742,439

1,872,573

Debtors

12

4,643,811

5,332,386

Cash at bank

1,589

1,559

6,387,839

7,206,518

CREDITORS

Amounts falling due within one year

13

4,529,597

5,112,672

NET CURRENT ASSETS

1,858,242

2,093,846

TOTAL ASSETS LESS CURRENT LIABILITIES

3,030,530

3,074,246

CREDITORS

Amounts falling due after more than one year

14

(398,409

)

(395,358

)

PROVISIONS FOR LIABILITIES

18

(128,144

)

(101,911

)

NET ASSETS

2,503,977

2,576,977

CAPITAL AND RESERVES

Called up share capital

19

24,300

24,300

Revaluation reserve

20

544,590

592,885

Capital redemption reserve

20

6,100

6,100

Retained earnings

20

1,928,987

1,953,692

SHAREHOLDERS' FUNDS

2,503,977

2,576,977

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2025 and were signed on its behalf by:

A P Stirling - Director

D J Chapman - Director

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1st January 2023

24,300

1,515,388

641,180

6,100

2,186,968

Changes in equity

Dividends

-

(131,216

)

-

-

(131,216

)

Total comprehensive income

-

569,520

(48,295

)

-

521,225

Balance at 31st December 2023

24,300

1,953,692

592,885

6,100

2,576,977

Changes in equity

Dividends

-

(217,960

)

-

-

(217,960

)

Total comprehensive income

-

193,255

(48,295

)

-

144,960

Balance at 31st December 2024

24,300

1,928,987

544,590

6,100

2,503,977

Cash flows from operating activities

Cash generated from operations

1

707,966

252,432

Interest paid

(82,340

)

(73,641

)

Interest element of hire purchase payments paid

(14,807

)

(7,906

)

Tax paid

(35,380

)

-

Net cash from operating activities

575,439

170,885

Cash flows from investing activities

Purchase of tangible fixed assets

(419,571

)

(122,764

)

Sale of tangible fixed assets

13,500

-

Net cash from investing activities

(406,071

)

(122,764

)

Cash flows from financing activities

Loan repayments in year

(93,750

)

(93,750

)

HP repayments in the year

145,799

(73,491

)

Amount introduced by directors

10,000

-

Equity dividends paid

(217,960

)

(131,216

)

Net cash from financing activities

(155,911

)

(298,457

)

Increase/(decrease) in cash and cash equivalents

13,457

(250,336

)

Cash and cash equivalents at beginning of year

2

(41,825

)

208,511

Cash and cash equivalents at end of year

2

(28,368

)

(41,825

)

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit before taxation

221,224

700,557

Depreciation charges

218,409

194,629

Profit on disposal of fixed assets

(4,226

)

-

Finance costs

97,147

81,547

532,554

976,733

Decrease/(increase) in stocks

130,134

(730,949

)

Decrease/(increase) in trade and other debtors

678,575

(2,700,743

)

(Decrease)/increase in trade and other creditors

(633,297

)

2,707,391

Cash generated from operations

707,966

252,432

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

1,589

1,559

Bank overdrafts

(29,957

)

(43,384

)

(28,368

)

(41,825

)

Year ended 31st December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

1,559

208,511

Bank overdrafts

(43,384

)

-

(41,825

)

208,511

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank

1,559

30

1,589

Bank overdrafts

(43,384

)

13,427

(29,957

)

(41,825

)

13,457

(28,368

)

Debt

Finance leases

(177,374

)

(145,799

)

(323,173

)

Debts falling due within 1 year

(93,750

)

-

(93,750

)

Debts falling due after 1 year

(296,875

)

93,750

(203,125

)

(567,999

)

(52,049

)

(620,048

)

Total

(609,824

)

(38,592

)

(648,416

)

1.	STATUTORY INFORMATION

Omega Signs 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The directors have considered how the company will meet the challenge presented by the current economic climate and have carried out a detailed review of the company's resources including the adequacy of working capital for the next twelve months. The directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided to write off the cost less the estimated residual of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Short leasehold

- 5% on cost

Plant and machinery, fixtures and fittings, computer equipment, motor vehicles

25%-33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

4,135,169

3,579,153

Other pension costs

205,700

186,686

4,340,869

3,765,839

The average number of employees during the year was as follows:

2024

2023

Management

7

7

Administration

91

80

98

87

2024

2023

£

£

Directors' remuneration

533,373

552,204

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

6

7

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

124,716

117,794

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024

2023

£

£

Other operating leases

130,000

130,000

Depreciation - owned assets

124,377

128,972

Depreciation - assets on hire purchase contracts

94,032

65,657

Profit on disposal of fixed assets

(4,226

)

-

Auditors' remuneration

12,945

12,900

Foreign exchange differences

-

(391

)

5.	EXCEPTIONAL ITEMS

2024

2023

£

£

Bad debts

(44,291

)

(41,899

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank interest

82,340

73,641

Hire purchase

14,807

7,906

97,147

81,547

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

50,031

32,005

Deferred tax

26,233

147,327

Tax on profit

76,264

179,332