Paul Channon Sign Services Ltd

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paul Channon Sign Services Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Paul Channon Sign Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Channon Sign Services Ltd and state those matters that we have agreed to state to the director of Paul Channon Sign Services Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Paul Channon Sign Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paul Channon Sign Services Ltd . You consider that Paul Channon Sign Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paul Channon Sign Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

01/11/2025

AVL Accounting Services Limited

1st & 2nd Floor, 2 West St

Ware

Hertfordshire

SG12 9EE

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Paul Channon Sign Services Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 09015943

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,220		41,682

			31,220		41,682
CURRENT ASSETS
Debtors	5	24,388		24,960
Cash at bank and in hand		6,584		6,987

		30,972		31,947
Creditors: Amounts Falling Due Within One Year	6	(24,049 )		(25,337 )

NET CURRENT ASSETS (LIABILITIES)			6,923		6,610

TOTAL ASSETS LESS CURRENT LIABILITIES			38,143		48,292

Creditors: Amounts Falling Due After More Than One Year	7		(1,564 )		(6,255 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,932 )		(7,920 )

NET ASSETS			30,647		34,117

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			30,547		34,017

SHAREHOLDERS' FUNDS			30,647		34,117

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Paul Channon Sign Services Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Paul Channon

Director

01/11/2025

The notes on pages 4 to 6 form part of these financial statements.

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Paul Channon Sign Services Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Paul Channon Sign Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09015943 . The registered office is 20 Cillocks Close, Hoddesdon, Hertfordshire, EN11 8QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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.

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:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under 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 the profit and loss account as incurred.

2.5. 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.

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Paul Channon Sign Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	1,722	66,821	1,893	70,436

As at 31 March 2025	1,722	66,821	1,893	70,436

Depreciation
As at 1 April 2024	1,025	26,778	951	28,754
Provided during the period	174	10,011	277	10,462

As at 31 March 2025	1,199	36,789	1,228	39,216

Net Book Value
As at 31 March 2025	523	30,032	665	31,220

As at 1 April 2024	697	40,043	942	41,682

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	23,604	23,991
Prepayments and accrued income	784	969

	24,388	24,960

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,691	4,691
Trade creditors	-	286
Bank loans and overdrafts	-	1,665
Corporation tax	8,484	1,311
Other taxes and social security	145	134
VAT	10,514	11,511
Director's loan account	215	5,739

	24,049	25,337

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,564	6,255

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Paul Channon Sign Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,691	4,691
Later than one year and not later than five years	1,564	6,255

	6,255	10,946

	6,255	10,946

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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