ACCOUNTS - Final Accounts preparation

Registered number: 09454164

THE INTERNATIONAL SIGN ALLIANCE LIMITED

Annual Report and Abridged Financial Statements

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

Page Kirk LLP

Chartered Accountants and Statutory Auditors

Sherwood House

7 Gregory Boulevard

Nottingham

NG7 6LB


THE INTERNATIONAL SIGN ALLIANCE LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 7


THE INTERNATIONAL SIGN ALLIANCE LIMITED REGISTERED NUMBER:09454164

BALANCE SHEET

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		-		418
			-		418
Current assets
Stocks		23,855		23,874
Debtors		399,020		644,761
Cash at bank and in hand		5,774		40,069
		428,649		708,704
Creditors: amounts falling due within one year		(426,722)		(699,680)
Net current assets			1,927		9,024
Net assets			1,927		9,442

Capital and reserves
Called up share capital	1	1
Profit and loss account	1,926	9,441
	1,927	9,442

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
All of the company's members have consented to the preparation of an Abridged Balance Sheet in accordance
with Section 444(2A) of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 June 2026.

................................................

Mr P Shilling

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1


THE INTERNATIONAL SIGN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Castle Court
Duke Street
New Basford
Nottingham
NG7 7JN

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

Page 2


THE INTERNATIONAL SIGN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.2

Going concern

Group management figures for the 11 months ended 30 April 2026 showed a loss which has resulted in a significant increase in the Group's net current liabilities. March and April 2026 management figures, however, were much improved with ongoing profits projected from June 2026 onwards following a number of operational changes, including:
• Three new appointments in the roles of Finance Director, Operations Director and Installation Manager.
• A cost saving programme which commenced in February 2026 and has resulted in a significant reduction in operating costs which will provide an enduring benefit to the business going forward.
• Restructuring of project management and delivery and bringing previously outsourced and externally managed operations back in-house.
In terms of liquidity:
• On 29 May 2026, Close Brothers Limited approved additional finance for a period of 36 months in the form of:
- An extension to the group’s working capital facility under the government’s Growth Guarantee Scheme, resulting in c.£250k of additional cash availability.
- An additional cashflow loan of £100,000.
• Loans of c.£410k have been made by a shareholder and a shareholder-controlled company with a further c.£100k to follow in early June 2026.
While the directors consider that the forecasts and factors above support the preparation of the financial statements on a going concern basis, in accordance with UK auditing and accounting standards, the events and conditions described above are such that a material uncertainty exists which may cast significant doubt on the Group’s ability to continue as a going concern. Notwithstanding these factors, profit and cash flow forecasts have been prepared for the two years to 31 May 2028, based on prudent and realistic sales forecasts and the reduced cost base. These forecasts show the business sustaining its profitable position and having sufficient cash to discharge its debts and liabilities as they fall due.
On these bases, the directors have confidence in the Group’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.

2.3

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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THE INTERNATIONAL SIGN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first-in, first out (FIFO) basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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THE INTERNATIONAL SIGN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Staff numbers

The average monthly number of employees during the year was 3 (2024 - 3).

Page 5


THE INTERNATIONAL SIGN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 June 2024	4,792
	At 31 May 2025	4,792
	Depreciation
	At 1 June 2024	4,374
	Charge for the year on owned assets	418
	At 31 May 2025	4,792
	Net book value
	At 31 May 2025	-
	At 31 May 2024	418

Charges

There are charges dated 26 August 2022 entitling Mrs E A Snaith and Close Brothers Limited as security trustees. The charges contain:
• Fixed charge.
• Floating charge covering all property or undertaking of the company.
• Negative pledge.

6.	Post balance sheet event

As detailed in note 2.2, the Group incurred a loss during the 11 months ended 30 April 2026. March and April 2026 management figures, however, were much improved and the Group is able to meet its liabilities as they fall due. This is a non-adjusting event and, therefore, does not affect the amounts recognised in the year ended 31 May 2025 financial statements.

7.	Parent undertaking

Pearce Global Holdings Limited is the parent company of the only group of companies containing The International Sign Alliance Limited which prepares consolidated financial statements. Pearce Global Holdings Limited’s registered office address is Castle Court, Duke Street, New Basford, Nottingham, NG7 7JN.

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THE INTERNATIONAL SIGN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 May 2025 was unqualified and included the following material uncertainty related to going concern section:
"We draw attention to note 2.2 in the financial statements which indicates that the Group incurred a loss during the 11 months ended 30 April 2026 and has resulted in a significant increase in the Group's net current liabilities. These events and conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
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.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report."

The auditors' report was signed on 4 June 2026 by John Wallis FCA (Senior Statutory Auditor) on behalf of Page Kirk LLP.

Page 7