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Registered number: 7002606
Stand Out Signs Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 7002606
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,092,189 729,652
1,092,189 729,652
CURRENT ASSETS
Stocks 5 19,951 44,635
Debtors 6 102,787 20,321
Cash at bank and in hand 112,319 12,862
235,057 77,818
Creditors: Amounts Falling Due Within One Year 7 (306,998 ) (196,634 )
NET CURRENT ASSETS (LIABILITIES) (71,941 ) (118,816 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,020,248 610,836
Creditors: Amounts Falling Due After More Than One Year 8 (779,539 ) (536,861 )
NET ASSETS 240,709 73,975
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 240,708 73,974
SHAREHOLDERS' FUNDS 240,709 73,975
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Harry Fitz-Gerald
Director
2nd September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stand Out Signs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7002606 . The registered office is Unit 22, The Glenmore Centre, Fancy Road, Poole, BH12 4FB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2%
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 3
Manufacturing 7 7
9 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 601,484 269,581 154,019 31,292 1,056,376
Additions 310,117 17,063 92,385 687 420,252
As at 31 December 2024 911,601 286,644 246,404 31,979 1,476,628
Depreciation
As at 1 January 2024 49,096 167,373 89,464 20,791 326,724
Provided during the period 12,030 21,167 21,048 3,470 57,715
As at 31 December 2024 61,126 188,540 110,512 24,261 384,439
Net Book Value
As at 31 December 2024 850,475 98,104 135,892 7,718 1,092,189
As at 1 January 2024 552,388 102,208 64,555 10,501 729,652
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5. Stocks
2024 2023
£ £
Stock 19,951 44,635
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,787 20,320
Other debtors - 1
102,787 20,321
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,729 15,978
Bank loans and overdrafts 124,867 38,413
Corporation tax 67,461 56,893
Other taxes and social security 5,562 18,960
VAT 13,347 13,541
Net wages 29,732 7,266
Other creditors 13,956 14,775
Accruals and deferred income 12,408 12,408
Director's loan account 10,936 18,400
306,998 196,634
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 75,225 31,731
Bank loans 624,314 380,130
Directors loan account 80,000 125,000
779,539 536,861
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,729 15,978
Later than one year and not later than five years 75,225 31,731
103,954 47,709
103,954 47,709
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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