Signature Fencing and Flooring Systems - Accounts to registrar (filleted)

REGISTERED NUMBER: 07349179 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

SIGNATURE FENCING AND FLOORING SYSTEMS

EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A M Schapper

REGISTERED OFFICE:

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

07349179 (England and Wales)

AUDITORS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

54,796

1,635

CURRENT ASSETS

Stocks

269,861

264,610

Debtors

5

4,991,278

5,231,395

Cash at bank

474,745

217,476

5,735,884

5,713,481

CREDITORS

Amounts falling due within one year

6

614,349

288,470

NET CURRENT ASSETS

5,121,535

5,425,011

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,176,331

5,426,646

PROVISIONS FOR LIABILITIES

1,744

-

NET ASSETS

5,174,587

5,426,646

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

5,173,587

5,425,646

SHAREHOLDERS' FUNDS

5,174,587

5,426,646

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

A M Schapper - Director

1.	STATUTORY INFORMATION

Signature Fencing and Flooring Systems Europe 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of goods and rental, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost and 20% on cost

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2024

4,529

34,686

13,811

Additions

-

Disposals

-

At 31 December 2024

4,529

34,686

13,811

DEPRECIATION

At 1 January 2024

4,529

34,686

13,811

Charge for year

-

Eliminated on disposal

-

At 31 December 2024

4,529

34,686

13,811

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

52,808

3,541

109,375

Additions

70,995

-

70,995

Disposals

(42,995

)

-

(42,995

)

At 31 December 2024

80,808

3,541

137,375

DEPRECIATION

At 1 January 2024

51,173

3,541

107,740

Charge for year

17,299

-

17,299

Eliminated on disposal

(42,460

)

-

(42,460

)

At 31 December 2024

26,012

3,541

82,579

NET BOOK VALUE

At 31 December 2024

54,796

-

54,796

At 31 December 2023

1,635

-

1,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

629,853

129,696

Other debtors

4,361,425

5,101,699

4,991,278

5,231,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

23,354

12,284

Taxation and social security

534,331

274,686

Other creditors

56,664

1,500

614,349

288,470

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

6,686

20,058

Between one and five years

5,572

-

12,258

20,058

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Rea (Senior Statutory Auditor)

for and on behalf of Mitchells Grievson Limited

9.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of its parent company, Signature Systems Group LLC, 1201 Lakeside Parkway, Suite 150, Flower Mound, Texas, TX 75028, United States of America.

During the year under review, the company made sales to the parent company totalling £Nil (2023 - £Nil).

During the year under review, the company purchased goods from the parent company totalling £1,776,897 (2023 - £1,744,486).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Signature Systems Group LLC.