REGISTERED NUMBER: 11872887 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Devon Signs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T R Laskey

J A Stewart

REGISTERED OFFICE:

C/o Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

REGISTERED NUMBER:

11872887 (England and Wales)

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

Barclays Bank plc

Truro branch

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Intangible assets

4

163,125

110,625

Tangible assets

5

80,718

82,742

243,843

193,367

CURRENT ASSETS

Stocks

6

10,450

9,700

Debtors

7

42,645

36,327

Cash at bank and in hand

81,038

89,980

134,133

136,007

CREDITORS

Amounts falling due within one year

8

158,499

107,429

NET CURRENT (LIABILITIES)/ASSETS

(24,366

)

28,578

TOTAL ASSETS LESS CURRENT LIABILITIES

219,477

221,945

CREDITORS

Amounts falling due after more than one year

9

(30,304

)

(38,185

)

PROVISIONS FOR LIABILITIES

10

(7,457

)

(10,920

)

NET ASSETS

181,716

172,840

CAPITAL AND RESERVES

Called up share capital

11

10

10

Retained earnings

12

181,706

172,830

SHAREHOLDERS' FUNDS

181,716

172,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:

T R Laskey - Director

J A Stewart - Director

1.	STATUTORY INFORMATION

Devon Signs Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Motor vehicles

-

25% 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.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

137,500

Additions

62,500

At 31 March 2025

200,000

AMORTISATION

At 1 April 2024

26,875

Amortisation for year

10,000

At 31 March 2025

36,875

NET BOOK VALUE

At 31 March 2025

163,125

At 31 March 2024

110,625

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

35,417

101,871

137,288

Additions

1,740

24,746

26,486

At 31 March 2025

37,157

126,617

163,774

DEPRECIATION

At 1 April 2024

9,984

44,562

54,546

Charge for year

5,446

23,064

28,510

At 31 March 2025

15,430

67,626

83,056

NET BOOK VALUE

At 31 March 2025

21,727

58,991

80,718

At 31 March 2024

25,433

57,309

82,742

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

10,450

9,700

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

27,959

32,299

Deferred tax asset

10,303

-

Prepayments

4,383

4,028

42,645

36,327

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

8,861

8,861

Trade creditors

10,440

10,337

Tax

11,941

7,638

Social security and other taxes

4,556

2,971

VAT

13,076

18,814

Other creditors

82,207

32,267

Directors' current accounts

22,843

22,254

Accrued expenses

4,575

4,287

158,499

107,429

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

30,304

38,185

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

-

3,123

Warranty provision

7,457

7,797

7,457

10,920

Deferred

Other

tax

provisions

£

£

Balance at 1 April 2024

3,123

7,797

Provided during year

(13,426

)

-

Balance at 31 March 2025

(10,303

)

7,797

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary

1

10

10

12.

RESERVES

Retained

earnings

£

At 1 April 2024

172,830

Profit for the year

48,876

Dividends

(40,000

)

At 31 March 2025

181,706

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2024 - £44,500) were paid to the directors .

During the year the Company rented premises from Mr PA Stewart at a rate of £20,000 pa.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.