Construction & Safety Signs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02572788 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2018

FOR

CONSTRUCTION & SAFETY SIGNS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

10,063

12,578

CURRENT ASSETS

Stocks

6

7,500

7,500

Debtors

7

30,923

32,564

Cash at bank and in hand

4,082

165

42,505

40,229

CREDITORS

Amounts falling due within one year

8

29,038

29,575

NET CURRENT ASSETS

13,467

10,654

TOTAL ASSETS LESS CURRENT LIABILITIES

23,530

23,232

CREDITORS

Amounts falling due after more than one year

9

-

(764

)

PROVISIONS FOR LIABILITIES

11

(1,711

)

(2,139

)

NET ASSETS

21,819

20,329

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

21,719

20,229

SHAREHOLDERS' FUNDS

21,819

20,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 3 July 2019 and were signed on its behalf by:

Ms T McDonagh - Director

1.	STATUTORY INFORMATION

Construction & Safety Signs Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address are as

below:

Registered number:

02572788

Registered office:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Office Equipment

-

20% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the asset of the entity after deducting all of its financial liabilities.

When the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Financial costs and

gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition of

a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and

loss account, 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.

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.

Leasing charges

All leasing charges are shown in the profit and loss account in the period to which they

relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

Equipment

Totals

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

18,695

1,240

1,114

21,049

DEPRECIATION

At 1 January 2018

7,059

1,189

223

8,471

Charge for year

2,327

10

178

2,515

At 31 December 2018

9,386

1,199

401

10,986

NET BOOK VALUE

At 31 December 2018

9,309

41

713

10,063

At 31 December 2017

11,636

51

891

12,578

6.

STOCKS

2018

2017

£

£

Stocks

7,500

7,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

29,875

31,872

Tax

-

484

Prepayments and accrued income

1,048

208

30,923

32,564

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

610

1,247

Trade creditors

13,068

15,104

Corporation tax

5,870

4,931

PAYE and social security

1,942

2,336

VAT

5,657

4,197

Accruals and deferred income

1,891

1,760

29,038

29,575

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 1-2 years

-

764

10.	LEASING AGREEMENTS

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

2018

2017

£

£

Within one year

9,900

9,900

Between one and five years

39,600

49,500

49,500

59,400

11.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Accelerated capital allowances

1,711

2,139

Deferred

tax

£

Balance at 1 January 2018

2,139

Accelerated capital allowances

(428

)

Balance at 31 December 2018

1,711

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100