Company registration number:
6343809
Signals IT Limited
Financial statements
30 June 2026
Signals IT Limited
Statement of financial position
30 June 2026
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2026 |
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2025 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
- |
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2,000 |
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Tangible assets |
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6 |
29,579 |
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33,230 |
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_______ |
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_______ |
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29,579 |
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35,230 |
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Current assets |
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Stocks |
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361,082 |
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346,500 |
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Debtors |
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7 |
388,028 |
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348,947 |
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Cash at bank and in hand |
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50,260 |
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25,899 |
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_______ |
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_______ |
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799,370 |
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721,346 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
263,942) |
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(
277,862) |
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_______ |
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_______ |
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Net current assets |
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535,428 |
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443,484 |
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_______ |
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_______ |
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Total assets less current liabilities |
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565,007 |
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478,714 |
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_______ |
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_______ |
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Net assets |
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565,007 |
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478,714 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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20 |
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20 |
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Capital redemption reserve |
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9 |
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9 |
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Profit and loss account |
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564,978 |
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478,685 |
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_______ |
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_______ |
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Shareholders funds |
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565,007 |
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478,714 |
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_______ |
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_______ |
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For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
14 July 2026
, and are signed on behalf of the board by:
Robin Seymour
Director
Company registration number:
6343809
Signals IT Limited
Notes to the financial statements
Year ended 30 June 2026
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Brulimar House, Jubilee Road, Middleton, Manchester, M24 2LX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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| Patents |
- |
10 % |
straight line |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
25 % |
reducing balance |
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Motor vehicles |
- |
20 % |
reducing balance |
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User defined asset |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2025:
12
).
7.
Debtors
|
|
|
2026 |
2025 |
|
|
|
£ |
£ |
|
Trade debtors |
|
119,530 |
108,295 |
|
Other debtors |
|
268,498 |
240,652 |
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|
_______ |
_______ |
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388,028 |
348,947 |
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|
_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2026 |
2025 |
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£ |
£ |
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Trade creditors |
|
85,534 |
88,081 |
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Corporation tax |
|
1,953 |
- |
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Social security and other taxes |
|
81,134 |
104,403 |
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Other creditors |
|
95,321 |
85,378 |
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_______ |
_______ |
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263,942 |
277,862 |
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_______ |
_______ |
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